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Do Stock Markets Promote Economic Growth?
Hanousek, Jan; Campos, Nauro F.; Filer, Randall K. - EconWPA - 2001
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
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Financial Development and Economic Growth in Malaysia: The Stock Market Perspective
Choong, Chee Keong; Yusop, Zulkornain; Law, Siong Hook; … - EconWPA - 2003
Understanding the causal relationship between financial development and economic growth is important in enhancing the economy of a nation. Using the autoregressive distributed lag (ARDL) bounds test approach, this study finds that stock market development is cointegrated with economic growth in...
Persistent link: https://www.econbiz.de/10005561265
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STOCK MARKET VALUATION IN THE UNITED STATES
BISCIARI, Patrick; DURRE, Alain; NYSSENS, Alain - EconWPA - 2003
even more mixed when the comparison is made, for each valuation indicator, with their average over the last 10 years …
Persistent link: https://www.econbiz.de/10005125064
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Decomposing the co-movement of the business cycle: a time- frequency analysis of growth cycles in the eurozone
Crowley, Patrick; Lee, Jim - EconWPA - 2005
decomposition (MRD) with the use of maximal overlap discrete wavelet transforms (MODWT). Static wavelet variance and correlation … analysis is performed, and phasing is studied using co-correlation with the eurozone by scale. Lastly dynamic conditional … correlation GARCH models are used to obtain dynamic correlation estimates by scale against the EU to evaluate synchronicity of …
Persistent link: https://www.econbiz.de/10005076732
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The Iberian Tigers versus The Celtic Tiger: Economic Growth Paths in an Economic History Perspective
Sequeira, Tiago Neves - EconWPA - 2003
The years following the Second World War were those of the greatest economic growth that Europe had ever seen. If the countries of the Iberian Peninsula, neutral in the conflict and ruled by dictatorial regimes, enjoyed that growth and had participated in the convergence phenomenon, Ireland,...
Persistent link: https://www.econbiz.de/10005076554
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CORRUPTION AND BRIBERY IN THE NIGERIAN ECONOMY: AN EMPIRICAL INVESTIGATION
NWAOBI, DR. GODWIN CHUKWUDUM - EconWPA - 2004
Nigeria is going through a difficult political and economic transition after decades of independence.Yet, Nigeria remains a society rich in cultural, linguistic, religious, ethnic and political diversity. Today, the average Nigerian struggles hard to make ends meet; sees himself or herself as...
Persistent link: https://www.econbiz.de/10005076578
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The Rise in Returns to Education and the Decline in Household Savings
Chanda, Areendam - EconWPA - 2005
This paper explores the consequences of rising returns to human capital investment on the personal savings rate. Over the past two decades, the return to college education has increased relative to high school education leading economists to argue the presence of 'skill biased technological...
Persistent link: https://www.econbiz.de/10005076792
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Growth and Convergence across the U.S: Evidence from County-Level Data
Higgins, Matthew; Levy, Daniel; Young, Andrew - EconWPA - 2005
We use U.S. county data (3,058 observations) and 41 conditioning variables to study growth and convergence. Using OLS and 3SLS-IV we report on the full sample and metro, non-metro, and 5 regional samples: (1) OLS yields convergence rates around 2 percent; 3SLS yields 6–8 percent; (2)...
Persistent link: https://www.econbiz.de/10005076836
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Health Economics : some stylized facts
ULMANN, Philippe - EconWPA - 2003
The study of the stylized facts of economic growth has allowed an advance of this field of economic analysis in its empirical and theorical works. Today, Health Economics is faced with new requirements of society, i.e. better care at a sustainable cost. Furthermore, since the problems linked...
Persistent link: https://www.econbiz.de/10005076927
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Space, Growth and Technology: an Integrated Dynamic Approach
Gomes, Orlando - EconWPA - 2004
Economic phenomena are interrelated. From a growth perspective, time analysis concerning the choices of present and future consumption and the choices between the allocation of scientific resources should be combined with a space analysis regarding the dissemination of economic activity through...
Persistent link: https://www.econbiz.de/10005124884