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Given the call for the development of an accounting conceptual framework, this paper rejects the need for such an undertaking. Using a historical methodology this paper traces the existence of an accounting conceptual framework that painstakingly has been established over the centuries. The...
Persistent link: https://www.econbiz.de/10005413174
changes, in the sense that the good done to growth by rising remittances is not as great as the bad done by falling …
Persistent link: https://www.econbiz.de/10005076545
We set up a unified growth model capturing the transition of a primitive and egalitarian hunter-gatherer society, into … human capital productivity and pushing the economy to sustained growth: an industrial revolution. Allowing also for a …
Persistent link: https://www.econbiz.de/10005076730
importance of a strong state with evolved institutional capacity to protect citizens, enforce property rights and generate social … capital. The evidence presented further argues that enforceable, credible property rights with associated market discipline … institutions also influences economic growth and the ability of a country to attract trade and foreign direct investment …
Persistent link: https://www.econbiz.de/10005076830
In the debate on monetary policy strategies on both sides of the Atlantic, it is now almost a commonplace to contrast the Fed and the ECB by pointing out the former’s flexibility and capacity to adjust rigidity, and the latter’s extreme caution, and obsession with low inflation. In looking...
Persistent link: https://www.econbiz.de/10005076846
information and communication technology (ICT) on output growth. Following Yorukoglu’s (1998) vintage capital idea, in which ICT … doing effects. In terms of growth contribution we find that ICT have an impact disproportionately wide compared to the share …
Persistent link: https://www.econbiz.de/10005076878
This paper investigates the importance that market regulation and financial imperfections have on …rm growth. We … a weak financial market (finance effect), the strictness of product and labor market regulations also affect firm growth … (labor effect). In particular, we show that the stricter the rules the more detrimental the influence on growth in sectoral …
Persistent link: https://www.econbiz.de/10005077008
growth and business cycles interdependent? Second, is money neutral even in the long run? Using data from the United States …-run money neutrality hypothesis. The results suggest that counter- cyclical growth models best capture the main channel of … influence between cycles and growth. A policy implication is that, if money affects the cycle, it is not neutral even in the …
Persistent link: https://www.econbiz.de/10005124869
This empirical note uses publicly available Goskomstat data to investigate income growth and convergence across Russian … be converging among themselves, while growth experiences among other regions have been highly heterogeneous. …
Persistent link: https://www.econbiz.de/10005125010
agrarian stages. We explain this rise-and- fall pattern of slavery in a growth model with land and labor as inputs in … full transition of the economy from an egalitarian society with no property rights; to a slave society where a despotic … agents own their labor. In this process, the role of population growth switches from being a force driving the transition …
Persistent link: https://www.econbiz.de/10005125014