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Institutional development, financial deepening and economic growth: Evidence from China
Hasan, Iftekhar; Wachtel, Paul; Zhou, Mingming - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2006
There have been profound changes in both political and economic institutions in China over the last twenty years …
Persistent link: https://www.econbiz.de/10005419585
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The dynamics of catch-up and skill and technology upgrading in China
Funke, Michael; Chen, Xi - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2012
This paper accounts for China’s economic growth since 1980 in a unified endogenous growth model in which a sequencing … of physical capital accumulation, human capital accumulation and innovation drives the rise in China’s aggregate income … can generate a trajectory that accords well with the different stages of development in China. …
Persistent link: https://www.econbiz.de/10010552496
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The emergence and spatial distribution of Chinese seaport cities
Funke, Michael; Yu, Hao - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2010
Seaports have historically played a key role in facilitating trade and growth. This paper is the first attempt in the literature to analyse the formation of Chinese seaport cities and the dynamics that drives it. First, we aim to identify theoretically the emergence of urbanized seaports with...
Persistent link: https://www.econbiz.de/10008466295
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Local government debt and economic growth in China
Wu, Yanrui - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2014
China’s local government debt (LGD) has recently become the focus of economic policy debates. However, information … investigation of the impact of China’s LGD on economic growth. It is probably the first of its kind to focus on China and thus … assessment of LGD in China’s regional economies, using recently released auditing statistics and other available secondary …
Persistent link: https://www.econbiz.de/10011098218
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Does democracy cure a resource curse?
Korhonen, Iikka - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2004
In this paper we utilise a large and reasonably detailed dataset to show that a greater level of democracy in a country's political institutions can alleviate the widely known resource curse. Raw material abundance affects per capita growth negatively, an effect that seems to work through...
Persistent link: https://www.econbiz.de/10005419595
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On the Speed of Economic Reform: Tale of the Tortoise and the Hare
Merlevede, Bruno; Schoors, Koen - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2005
We analyse how the choice of reform speed and economic growth affect one another. We estimate a system of three equations where economic growth, economic reform and FDI are jointly determined. New reforms affect economic growth negatively, whereas the level of past reform leads to higher growth...
Persistent link: https://www.econbiz.de/10005419609
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Causality between credit depth and economic growth: Evidence from 24 OECD countries
Stolbov, Mikhail - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2015
Causality between the ratio of domestic private credit to GDP and growth in real GDP per capita is investigated in a country-by-country time-series framework for 24 OECD economies over the period 1980–2013. The proposed threefold methodology to test for causal linkages integrates (i)...
Persistent link: https://www.econbiz.de/10011273263
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Export variety and economic growth in East European transition economies
Funke, Michael; Ruhwedel, Ralf - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2003
Utilising panel data for 14 East European transition economies, we find support for the hypothesis that a greater degree of export variety relative to the U.S. helps to explain relative per capita GDP levels. The empirical work relies upon some direct measures of product variety calculated from...
Persistent link: https://www.econbiz.de/10005771113
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Does reform work? An econometric examination of the reform-growth puzzle
Babetskii, Ian; Campos, Nauro F. - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2007
Why are socially beneficial reforms not implemented? One simple answer to this question (which has received little attention in the literature) is that this may be caused by generalised uncertainty about the effectiveness of reforms. If agents are unsure about whether a proposed reform will...
Persistent link: https://www.econbiz.de/10005190685
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Democracy and growth: An alternative empirical approach
Shen, Jian-Guang - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2002
ratio to GDP. Partial correlation between growth change and primary school or secondary school enrollments and the ratio of …
Persistent link: https://www.econbiz.de/10005190690