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Productive Government Expenditure and Economic Growth

Irmen, Andreas; Kuehnel, Johanna - CESifo - 2008

We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...

Persistent link: https://www.econbiz.de/10005196238

Fiscal Policy Coordination in Asia : East Asian Infrastructure Investment Fund

Abidin, Mahani Zainal - East Asian Bureau of Economic Research (EABER) - 2010

East Asian countries were seriously affected by the 2008 global crisis through a steep fall in exports. This experience exposed the vulnerability of the East Asian growth model and emphasized the importance of generating regional growth by expanding domestic demand and enlarging intra-regional...

Persistent link: https://www.econbiz.de/10009363952

A Pair-Wise Approach to Testing for Output and Growth Convergence

Pesaran, M. Hashem - CESifo - 2004

This paper proposes a pair-wise approach to testing for output convergence that considers all N(N-1)/2 possible pairs … of log per capita output gaps across N economies. A general probabilistic definition of output convergence is also …-2000. Overall, the results do not support output convergence, and suggest that the findings of convergence clubs in the literature …

Persistent link: https://www.econbiz.de/10005766053

Emergence of China and India in the New Millennium : Will it Facilitate Market Access for LDCs and Developing Countries?

Mohanty, S. K.; Chaturvedi, Sachin - East Asian Bureau of Economic Research (EABER) - 2005

China and India have emerged as highly dynamic economies in recent years. In the Asian region their growth and economic expansion has generated its own complementarities. The paper has empirically shown that surge in the exports of these two countries have significantly contributed to their...

Persistent link: https://www.econbiz.de/10009363489

The Pattern of Growth in Indonesia after the Economic Crisis 1997/1998 : Does the Primary Sector Still Need to Support Economic Growth?

Hirawan, Fajar Bambang; Cesaratto, Sergio - East Asian Bureau of Economic Research (EABER) - 2008

This paper aims to examine the pattern of growth in Indonesia, especially after the economic crisis 1997/1998. Indonesia suffered a catastrophic economic crisis from the year 1997 until 1999 and the economy improved from the year 2000 even though it was still dependant on the non-economic...

Persistent link: https://www.econbiz.de/10009363511

Growth Diagnostics in Pakistan

Qayyum, Abdul; Khawaja, Idrees; Hyder, Asma - East Asian Bureau of Economic Research (EABER) - 2008

Following the Hausmann, et al. (2005) methodology, we attempt to identify the constraints to growth in Pakistan. We argue that governance failure and institutional shortcomings are the heart of the matter : corruption is rampant, judicial independence is low, educational institutions do not...

Persistent link: https://www.econbiz.de/10009363661

How Does Financial System Efficiency Affect the Growth Impact of FDI in China?

Xu, Ying - East Asian Bureau of Economic Research (EABER) - 2009

In spite of being the second largest recipient of FDI in the world, China shows limited evidence of considerable FDI benefits on growth (Fan and Hu 2007; Luo 2007; Ran et al. 2007). Motivated by Alfaro et al.s (2003) model, this study tests whether poor financial market development might be responsible...

Persistent link: https://www.econbiz.de/10009365250

Tourism Satellite Account for India

Shukla, Rajesh - East Asian Bureau of Economic Research (EABER) - 2006

With the growing recognition of tourism as a source of employment generating growth in the country, improved understanding of what tourism is, its role in the economy and its relationship to other parts of the economy is important. The Tourism Satellite Account (TSA) is a new framework recently...

Persistent link: https://www.econbiz.de/10009365257

Financial Sector Development, FDI and Economic Growth in China.

Ljungwall, Christer; Li, Junjie - East Asian Bureau of Economic Research (EABER) - 2007

The economics-literature, drawing on endogenous growth theory, suggests that the level of financial sector development may influence foreign direct investment and its impact on the diffusion of technology in the host country, thereby increasing the rate of economic growth. Little attention,...

Persistent link: https://www.econbiz.de/10009365430

Is the Relationship between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle Income Countries

Samargandi, Nahla; Fidrmuc, Jan; Ghosh, Sugata - CESifo - 2014

We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries over the 1980-2008 period, using pooled mean group estimator in a dynamic heterogeneous panel setting. We show that financial development does not have a linear positive...

Persistent link: https://www.econbiz.de/10010757725