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economic growth in OECD countries. Using new dynamic panel regression techniques, these appraisals indicate that within the … provide evidence that anticipative price effects (i. e., expectations of future growth, reflected in current stock prices) may … be driving the empirical relationship between stock market activities and economic growth in high income countries to a …
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This paper analyzes the impact of the composition of taxes on economic growth using a panel of OECD countries. In … contrast to Kneller et al. (Fiscal policy and growth: evidence from OECD countries, 1999), over 1980-2005 distortionary … taxation did not reduce growth, while an increase in non-distortionary taxation had a negative association with growth. When …
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variables of R&D-driven growth jointly for 14 OECD countries using methods of dynamic systems for panel data analysis: GDP …This paper addresses the controversial issue of the direct and indirect effects of public R&D on growth. We look at six …, we build a panel vector-error-correction model with these long-term relations. Shocks to domestic public R&D enhance …
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Social, or 'generalized', trust refers to beliefs that people hold about how other people in society will in general act towards them. Can people in general be trusted? Or must one be careful in dealing with people? Research on the antecedents of social trust has typically relied on...
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Social capital is often represented by generalized trust - the degree to which one trusts "most (unknown) people". It is assumed to be enhanced by diverse group interactions. In the social capital literature, it is opposed by particularized trust, which represents our mutual confidence in...
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