Showing 1 - 10 of 184
This article presents an empirical model of non-stationary and cointegrated panel data to explain the impact of …
Persistent link: https://www.econbiz.de/10010584081
monetary policies (through deficit and seigniorage respectively) deform the GLC. An empirical section based on a panel of …
Persistent link: https://www.econbiz.de/10008793465
innovative econometric method which is based on a panel test of the Granger non causality hypothesis. We implement various tests …
Persistent link: https://www.econbiz.de/10008793833
, circular and retroactive relationships with globalization, growth and poverty. The objective of this paper is to establish a … poverty. In this aim, the first section of paper presents critical evaluation of equity vs. equality debate, specifically …
Persistent link: https://www.econbiz.de/10010820711
of growth, due to poverty traps, often examined at the microeconomic level. Testing a model of poverty change on a panel … is a factor slowing down poverty reduction. But it can also result in slower poverty reduction for a given average rate … 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 reformulates the finance-growth nexus in the case of developing countries. Using the Neoclassical growth framework, our contribution is threefold. First, we show that entrepreneurship is a growth-enhancing factor in both financial intermediary equilibrium and financial market...
Persistent link: https://www.econbiz.de/10010899001
domestic technology is convex-concave, so that the economy may be locked into a poverty trap. We show that the extent to which … the country will escape from the poverty trap depends, besides the interactions between its technology and its impatience …
Persistent link: https://www.econbiz.de/10010603684
The literature on the impact of an abundance of natural resources on economic performance remains inconclusive. In this paper we consider the possibility that countries may follow different growth regimes, and test the hypothesis that whether natural resources are a curse or a blessing depends...
Persistent link: https://www.econbiz.de/10010933874
We develop a dynamic game to provide with a theory of Arab spring-type events. We consider two interacting groups, the elite vs the citizens, two political regimes, dictatorship vs a freer regime, the possibility to switch from the first to the second regime as a consequence of a revolution, and...
Persistent link: https://www.econbiz.de/10010933882
We consider a framework à la Wirl (1994) where political liberalization is the outcome of a lobbying differential game between a conservative elite and a reformist group, the former player pushing against political liberalization in opposition to the latter. In contrast to the benchmark model,...
Persistent link: https://www.econbiz.de/10010933899