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Relationships between health and economic prosperity or economic growth are difficult to assess. The direction of the causality is often questioned and the subject of a vigorous debate. For some authors, diseases or poor health had contributed to poor growth performances especially in low-income...
Persistent link: https://www.econbiz.de/10008764561
This paper investigates the current state of growth accounting in China. The growing empirical literature on Chinese … growth since the beginning of the People's Republic of China. However, a closer look at this literature reveals some … factor productivity growth in the current economic growth of China. They also show that, in spite of the improvements made by …
Persistent link: https://www.econbiz.de/10005350064
Is the big push hypothesis consistent with capacity constraints in the study of aid effectiveness? Big push hypothesis suggests the existence of a minimum threshold below which aid is not effective, while the constraints referred to by the concept of absorptive capacity suggests the existence of...
Persistent link: https://www.econbiz.de/10005350077
This paper uses micro-data to define aggregate human capital stock indicators and proposes various specifications to test for the role of human capital accumulation on economic growth. An empirical evaluation on the Taiwanese experience over the 1975-96 period suggests that: (i) the use of...
Persistent link: https://www.econbiz.de/10005350078
In this paper we consider different explanations for why the coefficient associated with human capital is often negative in growth regressions once country-specific effects are controlled for whereas the coefficient in question is strongly positive in cross-sectional or panel results based on...
Persistent link: https://www.econbiz.de/10005055292
This paper tries to take into account two contrasted points of view that can be found the literature: the first one showing that financial development has a positive effect on economic growth, and the second one stressing the unfavourable effect of financial crisis. Our main assumption is that...
Persistent link: https://www.econbiz.de/10005016449
This paper tries to take into account two points of view of the litterature, the first one shows that financial development has positive effect on economic growth, and the second one stresses on the unfavourable effect of financial crisis. Our main assumption is that financial instability is...
Persistent link: https://www.econbiz.de/10005016457
This paper addresses the relationship between financial development and poverty, taking into account the direct link and the indirect link through economic growth. Using a panel of 81 developing countries over 1988-1997, we find evidence that financial development reduces the headcount poverty...
Persistent link: https://www.econbiz.de/10005016561
Macroeconomic instability has been increasingly considered as a factor lowering average income growth and by this way is a factor slowing down poverty reduction. But it can also result in slower poverty reduction for a given average rate of growth, due to poverty traps, often examined at the...
Persistent link: https://www.econbiz.de/10005016570
We examine cross-sectional empirical evidence on the determinants of economic growth in light of an instrumental variables estimator, based on sample moments of order higher than two, which does not require extraneous instruments and which remains consistent, under quite reasonable assumptions,...
Persistent link: https://www.econbiz.de/10005016573