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independence is low, educational institutions do not furnish the right kind of labour force, legal institutions do not protect the … institutions restrict hiring/firing, State Bank of Pakistan (SBP) has not done its duty to contain the rising interest spread, and … constraints to growth in Pakistan. These are : (i) poor state of governance, (ii) poor state of institutions, and (iii) lack of …
Persistent link: https://www.econbiz.de/10009363661
The aim of this paper is to study the nature of the relationship between energy consumption and economic growth in Cameroon through a three-step approach: (i) study the stationarity of the chronic, (ii) test of causality between variables, and (iii) estimate the appropriate model. The study...
Persistent link: https://www.econbiz.de/10010723180
Our paper examines the long run relationship between economic growth and the current account balance equilibrium by relying on the BoP constrained growth model. We find that Vietnam grew less than the rate predicted when the period 1985 to 2010 as a whole is considered, but with different...
Persistent link: https://www.econbiz.de/10010706920
This essay provides a game-theoretic, endogenous view of institutions, and then applies the idea to identify the …
Persistent link: https://www.econbiz.de/10011278162
This essay provides a game-theoretic, endogenous view of institutions, and then applies the idea to identify the …
Persistent link: https://www.econbiz.de/10011278220
highlighted in literature : institutions and geography. However, it remains controversial as to which of these two is the more … important. The Institutions school assigns primal importance to institutions, whereas the Geography school considers … their hypotheses. It concludes in favour of the Institutions hypothesis as the Geography school does not provide a …
Persistent link: https://www.econbiz.de/10009363568
Persistent link: https://www.econbiz.de/10010707159
This paper investigates the impact of complementarity reforms on growth and how it depends on GDP per capita. Based on reform data for six policy areas compiled from various sources during the period 1994-2006 for over 100 countries, we compute composite indicators of reform level and...
Persistent link: https://www.econbiz.de/10011099447
: culture; corruption; and institutions. The last offers the most convincing explanation for mediocre growth. Hence, to raise … corruption; and above all, focused and sustained development of functional capitalistic institutions. …
Persistent link: https://www.econbiz.de/10009363616
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