Showing 1 - 10 of 177
globalization as well as sub-indexes constructed to measure the single dimensions on economic growth are analyzed empirically. The … results show that globalization promotes growth - but not to an extent necessary to reduce poverty on a large scale. The … dimensions most robustly related with growth refer to actual economic flows and restrictions in developed countries. Although …
Persistent link: https://www.econbiz.de/10005556005
This paper decomposes the large regression residuals of income across 84 U.S. Native American economies (USNAEs) into Solow and Solow-like parts. Decomposition is accomplished algebraically. The calculations find a weak to negative correlation between income and Solow residuals, and a strong...
Persistent link: https://www.econbiz.de/10005118791
The current research emphasis on institutions as key determinants of economic performance, rather than on resources and resource productivity, has uncovered important questions for further research. For example, if institutions are central to economic performance, then what explains observed...
Persistent link: https://www.econbiz.de/10005125631
Institutions either promote or constrain economic performance, but which parts of institutions advance or restrict performance, and why do economies sharing similar institutions sometimes perform differently? This paper is a modest attempt at addressing a small part of these questions. It...
Persistent link: https://www.econbiz.de/10005125690
This paper explores the quantitative implications of a class of endogenous growth models for cross-country income … some difficulties faced by the early generation of endogenous growth models. Cross-country income differences arise in the …
Persistent link: https://www.econbiz.de/10005407660
-abundant East Asia traded more heavily with the U.S. and thus engineered faster growth than did land-abundant Latin America. Factor … the pre-WWII growth of Japan, Southeast Asia's growth in the 1970s and the 1980s, and its economic crisis in the mid-1990s. …
Persistent link: https://www.econbiz.de/10005062412
The paper develops a Romer-type growth model with a research sector, a manufacturing sector, and a financial sector and … shows that inflation has an adverse effect on economic growth. Higher inflation increases the incentives for agents to use … sector and shifts resources out of other sectors of the economy including research, the engine of growth, into the financial …
Persistent link: https://www.econbiz.de/10005412667
government share of GDP is detrimental for economic growth. Their work is reassessed here. We find a number of omissions in their … analysis lead to a considerable over- statement of the effect of government size on growth. More important for growth …
Persistent link: https://www.econbiz.de/10005412851
In theory, the IMF could influence economic growth via several channels, among them advice to policy makers, money … for 98 countries over the period 1970-2000 it analyzes whether IMF involvement influences economic growth in program … countries. Consistent with the results of previous studies, it is shown that IMF programs reduce growth rates when their …
Persistent link: https://www.econbiz.de/10005119451
This paper discusses some puzzles in the contemporary macroeconomic scene in India, from the perspective of public finance and economic development. These include a fiscal deficit higher than it was during the 1991 crisis, but without a large current account deficit or rise in inflation or...
Persistent link: https://www.econbiz.de/10005125512