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Thomas, Alex M - Volkswirtschaftliche Fakultät, … - 2011

This paper revisits the work of Richard Cantillon and Francois Quesnay in order to conceptualise the dynamics between rural and urban areas in an economy. Concepts of social surplus and economy as a circular flow are presented in order to highlight the interrelationship between the growth...

Persistent link: https://www.econbiz.de/10008836739

Economic growth and the optimum size of government in 15 European countries: A threshold panel approach

Hajamini, Mehdi; Falahi, Mohammad Ali - Volkswirtschaftliche Fakultät, … - 2012

In the growth literature, there is a nonlinear relationship between economic growth and government size, which is similar to an inverted U-shaped curve. This curve can be used to determine the optimum share of government expenditures. This paper, using threshold panel approach, attempts to...

Persistent link: https://www.econbiz.de/10011109576

Agency Conflicts, Expropriation and Firm Value: Evidence from Securities-Market Regulation in China

Henk, Berkman; Rebel, Cole; Fu, Lawrence - Volkswirtschaftliche Fakultät, … - 2005

In this study, we examine the wealth effects of regulatory changes intended to improve corporate governance by protecting minority shareholders from expropriation by controlling shareholders. Using data from publicly traded Chinese firms, we find that these new regulations significantly...

Persistent link: https://www.econbiz.de/10011260290

Testing for Stochastic and Beta-convergence in Latin American Countries

Escobari, Diego - Volkswirtschaftliche Fakultät, … - 2011

This paper uses time-series data from nineteen Latin American countries and the U.S. to test for income convergence … using two existing definitions of convergence and a new testable definition of β-convergence. Only Dominican Republic and … convergence exists when allowing for structural breaks using the two-break minimum LM unit root of Lee and Strazicich (2003). The …

Persistent link: https://www.econbiz.de/10009493290

China's Regional Convergence in Panels with Multiple Structural Breaks

Matsuki, Takashi; Usami, Ryoichi - Volkswirtschaftliche Fakultät, … - 2007

This study investigates the existence of regional convergence of per capita outputs in China from 1952 …’s provincial real per capita outputs to examine the regional convergence in China. To obtain the p-values of unit root tests for … Carlo simulation. The results obtained from this study reveal that the convergence of the provincial per capita outputs …

Persistent link: https://www.econbiz.de/10005621418

Political connections and minority-shareholder protection: Evidence from securities-market regulation in China

Berkman, Henk; Cole, Rebel; Fu, Lawrence - Volkswirtschaftliche Fakultät, … - 2008

We examine the wealth effects of three regulatory changes designed to improve minorityshareholder protection in the Chinese stock markets. Using the value of a firm’s related-party transactions as an inverse proxy for the quality of corporate governance, we find that firms with weaker...

Persistent link: https://www.econbiz.de/10005622187

Do Sufficient Institutions Alter the Relationship between Natural Resources and Economic Growth?

Zeynalov, Ayaz - 2014

The purpose of this paper is to test whether institutional governance and its performance is a main driving force to achieve a positive relationship between natural resources and economic growth in the long run. The main objective is to ascertain what kind of institutional governance would be...

Persistent link: https://www.econbiz.de/10013056564

The Long-Term Effects of Protestant Activities in China

Chen, Yuyu; Wang, Hui; Yan, Se - Volkswirtschaftliche Fakultät, … - 2014

Does culture, and in particular religion, exert an independent causal effect on long-term economic growth, or do culture and religion merely reflect the latter? We explore this issue by studying the case of Protestantism in China during the late nineteenth and early twentieth centuries....

Persistent link: https://www.econbiz.de/10011258769

Economic growth dynamics across countries.

Ewa, Lechman - Volkswirtschaftliche Fakultät, … - 2011

Economic growth is one of the most important issues discussed worldwide. Its dynamics over time seem to be crucial from the perspective of the ability of poor countries to catch up with highly developed economies. As can be easily noticed in world statistics, both GDP per capita and GDP growth...

Persistent link: https://www.econbiz.de/10011258876

Foreign Aid, Legal Origin, Economic Growth and Africa’s Least Developed Countries

Wamboye, Evelyn; Adekola, Abel - Volkswirtschaftliche Fakultät, … - 2013

The issue of foreign aid dependency in African countries remains controversial among policy makers. So far, there is no consensus on aid effectiveness and the resulting policy prescriptions have been conflicting. The Euro zone which provides the bulk of foreign aid to developing countries, is...

Persistent link: https://www.econbiz.de/10011259182