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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 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
This paper investigates the influence of invariance axioms in the decomposition of observed poverty variations into …
Persistent link: https://www.econbiz.de/10008805947
We propose a multisector endogenous growth model incorporating social capital. Social capital only serves as input in the production of human capital and it involves a cost in terms of the final good. We show that in contrast to existing alternative specifications, this setting assures that...
Persistent link: https://www.econbiz.de/10010933921
The objective of this paper is to investigate the impacts of urbanization on human capital andeconomic growth in Africa. It seeks to contribute to the urbanization-growth debate byinvestigating how urbanization is linked to human capital accumulation and economic growth.More precisely, compared...
Persistent link: https://www.econbiz.de/10010930231
This papers provides an empirical analysis of the role of financial development and financial integration in the growth dynamics of transition countries. We focus on the role of financial integration in determining the impact of financial development on growth, distinguishing "normal times" from...
Persistent link: https://www.econbiz.de/10010549087
In their already-famous 2010 article "Growth-in-a-Time-of-Debt" (AER-100(2)-pp.-573-78), Carmen Reinhart and Kenneth Rogoff show that average post-WW2 economic growth is dramatically declining in advanced economies, once the debt-to-GDP ratio is above a 90% threshold. We explore the relevance of...
Persistent link: https://www.econbiz.de/10010550439