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Most of the currently existing endogenous growth models were developed within and for industrial countries, i.e. for a … capital accumulation and low technological capabilities. For developing countries, GDP, GDP growth or the per capita versions … Reports. A growth model for developing countries should therefore put special emphasis on these non-monetary issues of …
Persistent link: https://www.econbiz.de/10010886617
growth, the results call into question the aggregate effect of individual bribery. A large literature analyzes the drivers of … productivity growth at the firm and sector levels, and suggests that corruption may affect these drivers through the resulting less … growth (APG) and its different components (intra-plant productivity growth; market shares reallocation between incumbents …
Persistent link: https://www.econbiz.de/10010902618
international trade, capital account, and domestic financial sector in developing countries. Growth impacts of these liberalizations … growth is homogeneous across countries. The main findings can be summarized as follows. In the long-run, international trade …-run relationship between reforms and growth is robust to inclusion of de facto measures of reforms and quality of democracy variable …
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The objective of this paper is to add to the the criticisms of the "macro-Mincer" approach by emphasizing two important theoretical points, not addressed so far in the literature. First, we show that the "macro-Mincer" relationship between aggregate human capital and average years of schooling...
Persistent link: https://www.econbiz.de/10010886610
We apply Bayesian Model Averaging procedures to a dataset on growth to estimate the output gap caused by the recent …
Persistent link: https://www.econbiz.de/10010886628