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disease, on human capital investment decisions and income growth. This research is particularly relevant to Sub-Saharan Africa … even more pronounced for the African continent than for the rest of the world. …
Persistent link: https://www.econbiz.de/10005118675
This paper surveys the economic literature on the links between finance, law and growth in the Central and Eastern European transition countries. The literature that is surveyed at the outset of the paper shows that if a financial system is based on an adequate legal system it can positively...
Persistent link: https://www.econbiz.de/10005125524
One of the most enduring debates in economics is whether financial development causes economic growth or whether it is a consequence of increased economic activity. Little research into this question, however has used a true causality framework. This paper fills this lacuna by using...
Persistent link: https://www.econbiz.de/10005413076
A flexible production function analysis is addressed to Namibia's data for the 1968-1992 period to test for evidence of structural problems in sectoral and sub-sectoral performance. The analysis found the primary sector to be characterized by constant returns to scale through the entire 25...
Persistent link: https://www.econbiz.de/10005408279
Economic Perspectives (Summer, 1999: 3-114) published a collection of symposium papers on “Slow Growth in Africa”. Clearly the … collection added volume to Africa’s literature on the subject. However, the different opinions the papers expressed did little to … enhance current understanding of Africa’s economic performance, mainly because the papers paint very different pictures of the …
Persistent link: https://www.econbiz.de/10005556058
This essay develops a transcendental variable elasticity of substitution (Trans-VES) production function in which hypotheses concerning scale, output-input, and substitution, elasticities can be examined. The objective is to determine the impacts of domestic resources on the pattern of economic...
Persistent link: https://www.econbiz.de/10005556108
This paper develops a simple and practical framework for characterizing (long-run) economic growth and fluid capital accumulation under shifting technological change. The framework specifies a technological change that depends on exogenous and endogenous factors as well as the interaction...
Persistent link: https://www.econbiz.de/10005408266
If bigger objects go into a jar, then there will be space to fill it with smaller objects in sequence. If the order of the objects are reversed, then it ends in filling it at the starting point. Happiness in life is similar to this. Fill high priority needs in the life, and smaller needs can be...
Persistent link: https://www.econbiz.de/10005408439
Liberalization of Singapore's financial sector causes its fund management industry to expand rapidly. As of December 1, 1998 there were 191 unit trusts to choose from. Eventually, Singapore, like the USA and Hong Kong, will have more unit trusts than stocks listed on its exchange. Many...
Persistent link: https://www.econbiz.de/10005076989
Total factor productivity measurement enables researchers to determine the contribution of supply-side production factors to economic growth. For Bulgaria, which is a transition economy, it is difficult to construct a production function with stable parameters, mostly because there are atypical...
Persistent link: https://www.econbiz.de/10005125694