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period 1965-1990, to decompose total factor productivity growth into technical change and technical efficiency change …. Empirical results show East Asian countries led the whole world in productivity growth, mainly because their technical … hypothesis that East Asian growth was mostly input-driven and unsustainable. …
Persistent link: https://www.econbiz.de/10005342321
role of productivity and its components in economic growth of developed and developing nations in addition to the … importance of factor accumulation. Although not much explored in the study of economic growth, frontier techniques seem to be of … developing countries in terms of rates of growth of income per worker. More important, we find that changes in allocative …
Persistent link: https://www.econbiz.de/10005699603
ABSTRACT This study re-examines the exchange rate-monetary fundamentals link with in a panel data framework. Pure time series and pooled time series-based tests fail to find empirical support for monetary exchange rate models (Sarantis (1994) and Groen (2000)). Using recently developed Panel...
Persistent link: https://www.econbiz.de/10005086422
The relationship between income distribution and economic growth has been found to depend on several factors such as … trade and openness. The current work assesses how income inequality influences growth stimating a reduced form growth … household income from national surveys, it is found that inequality and growth are positively related. When analysing different …
Persistent link: https://www.econbiz.de/10005328905
This article analyzes the effects of financial liberalization on economic growth, focusing mainly the empirical aspects … has capital account liberalization had on economic growth? Has liberalization affected equally both developed and … developing countries? What sort of private capital flow has had the greatest impact on growth? To answer these questions, the …
Persistent link: https://www.econbiz.de/10005170254
In this paper we try to estimate the impact of Structural Funds on the growth rates of Objective 1 European regions … during the two first Programming periods (1989-2000). For that purpose, we develop a ''hybrid'' model of economic growth that … results suggest that Structural Funds have positively influenced the growth process of Objective 1 regions although their …
Persistent link: https://www.econbiz.de/10005699620
Human capital plays an important role in the theory of economic growth, but it has been difficult to measure this … and Vanhanen (2002), we show that national average IQ has a robust positive relationship with economic growth. Using a … methodology derived from Sala-i-Martin (1997a), we show that in growth regressions that include only robust control variables, IQ …
Persistent link: https://www.econbiz.de/10005328888
We attempt to explain why standard explanations of the poverty of nations are unsatisfactory. We first argue that human capital is low in poor countries because its production has increasing returns with respect to life expectancy. We then show that the reason why capital does not flow to poor...
Persistent link: https://www.econbiz.de/10005328912
This paper analyses plant entry, total factor productivity growth, average productivity level differentials and … that entrants adopted competitive post-entry strategies. Total factor productivity growth decomposition shows that the … source of productivity growth. Econometric results suggest that barriers to entry associated with plant technology licensing …
Persistent link: https://www.econbiz.de/10005328914
In this presentation I view a Malmquist productivity index as a theoretical index with desirable properties. I then discuss the properties of three approximations to it: an empirical Malmquist index, and Fisher and Tornqvist indexes. Next I discuss the decomposition properties of the theoretical...
Persistent link: https://www.econbiz.de/10005342143