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In this paper we investigate the causal relationship between financial development and economic growth. We use an innovative econometric method which is based on a panel test of the Granger non causality hypothesis. We implement various tests with a sample of 63 industrial and developing...
Persistent link: https://www.econbiz.de/10008793833
is a factor slowing down poverty reduction. But it can also result in slower poverty reduction for a given average rate … of growth, due to poverty traps, often examined at the microeconomic level. Testing a model of poverty change on a panel … of data for 70 countries from 1981 to 1999, we do find that income instability results in a lower poverty reduction for a …
Persistent link: https://www.econbiz.de/10008805948
This paper studies the convergence, and the role of internal real exchange rate on economic growth in the Chinese provincial level. Using informal growth equation à la Barro [1991] and dynamic panel data estimation, we find conditional convergence among the coastal provinces and among inland...
Persistent link: https://www.econbiz.de/10010738816
country (China) over the period 1997-2009. We confirm Hausmann, Hwang and Rodrik (2007)'s prediction that regions that … contributors to the global upgrading of China's exports. This finding suggests that the contribution of assembly trade and foreign …
Persistent link: https://www.econbiz.de/10010775815
This paper investigates the influence of invariance axioms in the decomposition of observed poverty variations into …
Persistent link: https://www.econbiz.de/10008805947
This paper discusses the determinants of firewood consumption in a poor township in rural northern China, with a … poverty-environment hypothesis since household economic wealth is a significant and negative determinant of firewood …
Persistent link: https://www.econbiz.de/10008792306
Relationships between health and economic prosperity or economic growth are difficult to assess. The direction of the causality is often questioned and the subject of a vigorous debate. For some authors, diseases or poor health had contributed to poor growth performances especially in low-income...
Persistent link: https://www.econbiz.de/10008793479
We estimate for the first time the impact of hurricane strikes on local economic growth rates and how this is reflected in more aggregate growth patterns. To this end we assemble a panel data set of US coastal counties' growth rates and construct a novel hurricane destruction index that is based...
Persistent link: https://www.econbiz.de/10008794023
Is the big push hypothesis consistent with capacity constraints in the study of aid effectiveness? Big push hypothesis suggests the existence of a minimum threshold below which aid is not effective, while the constraints referred to by the concept of absorptive capacity suggests the existence of...
Persistent link: https://www.econbiz.de/10008805931
The link between transport and economic growth is nowadays understood behind the so-called issue of coupling. Transport intensity or transport elasticity to economic production are generally used to assess the link. In this paper, road freight intensity is decomposed into four factors. A...
Persistent link: https://www.econbiz.de/10008789323