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In an economic sense defence expenditure is normally exogenously determined, that is economic forces do not play the leading role in determining the level of defense expenditure. Adam Smith, in his writing An Inquiry Into the Nature and Causes of the Wealth of Nations states that "It is only by...
Persistent link: https://www.econbiz.de/10005556131
This paper studies whether and how capital investment and economic freedom jointly endogenize economic growth. The … the crucial role of both domestic and foreign capital investment and economic freedom for rapid growth. Countries that … improve economic freedom and that bolster capital investment tend to experience faster growth. The domestic investment rate …
Persistent link: https://www.econbiz.de/10005125031
- income countries for the period 1980-2002 and then project investment needs in these sectors until 2010. Our projections …
Persistent link: https://www.econbiz.de/10005125863
In this paper we empirically analyse the linkages among growth, investment and reforms in the South East Asian … capital and structural reforms for the growth prospects of the economies. These factors have shown a strong effect on growth … and have contributed greatly to the growth process for north Africa countries and the non CFA sub Sahara African countries …
Persistent link: https://www.econbiz.de/10005556730
investment performance of each state. The main focus is on the analysis of the legislation related to the promotion and …
Persistent link: https://www.econbiz.de/10005118790
This paper surveys the economic literature on the links between finance, law and growth in the Central and Eastern … based on an adequate legal system it can positively contribute to economic growth. However, the financial system in CEE …
Persistent link: https://www.econbiz.de/10005125524
It is assumed that performance of production system can be described with the three variables: amount of production equipment -- capital stock $K$ and 'consumption' of labour L and capital services S. It is shown that the production function can be specified as the known Cobb- Douglas production...
Persistent link: https://www.econbiz.de/10005134973
investigating the impact of remittances on consumption, investment, imports and output. It estimates short and long-run multiplier … 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
institutions also influences economic growth and the ability of a country to attract trade and foreign direct investment … investors from rich countries, their governments need to focus on abolition of barriers to trade, investment and capital. The …
Persistent link: https://www.econbiz.de/10005076830