Showing 1 - 10 of 61
What determines remittances – altruism or enlightened self-interest - and do remittances trigger additional migration … effects on receipt of remittances than net earnings potential of households in the country of origin. Second, the receipt of … remittances has a positive effect on emigration intentions of household members living in the country of origin. Therefore …
Persistent link: https://www.econbiz.de/10011255585
dividend of extra growth. During the twenty years from 1975 to 2005 Europe and the US have benefited from a strong demographic … potential growth phase may well disappear if supporting conditions for growth are absent. Large-scale migration is not expected … to be a sustainable solution to unbalanced global economic developments. Remittances, Foreign Direct Investment (FDI) and …
Persistent link: https://www.econbiz.de/10011255772
The system GMM estimator for dynamic panel data models combines moment conditions for the model in first differences with moment conditions for the model in levels. It has been shown to improve on the GMM estimator in the first differenced model in terms of bias and root mean squared error....
Persistent link: https://www.econbiz.de/10011256005
This discussion paper led to a publication in (W.D. Nelson (Ed.)), <I>Advances in Business and Management</I> (pp. 1-32), New York: Nova Publishers, 2011. In this era of globalization we see an increase in specialization: the production chain issplit up in more and more parts and the production of...</i>
Persistent link: https://www.econbiz.de/10011255533
A major question in the globalization debate is whether outsourcing and offshoring activities are beneficial to the home country. This paper investigates the effects on productivity and trade from the perspective of transaction costs, using a recent theory on trade in tasks. A production...
Persistent link: https://www.econbiz.de/10011255886
In this paper we explore linkages between financial services tradeand growth. We offer aformalization of the argument … econometric exercise. Cross-country growth regressionspoint to a strong positive relationship between financial sectorcompetition … and financial sectoropenness, and between growth and financial sector competition. …
Persistent link: https://www.econbiz.de/10011256218
We explore dynamic linkages between financial/banking sector openness, financial sector competition, and growth. We … competition/performance and financia1 sector openness (meaning foreign bank access to domestic markets), and between growth and …
Persistent link: https://www.econbiz.de/10011256362
We analyze the impact of obsolescence of economic inventions by incorporating maintenance costsin the endogenous growth … investment in research and development and the growth rate of theeconomy. …
Persistent link: https://www.econbiz.de/10011256370
structural change in industrial import patterns is in principleambiguous. A standard empirical growth model is augmented by … activitiesimpact differently on economic growth is tested on a sample of 45 countries (OECD members andselected Asian and Latin … estimation pointtowards a positive long-run growth effect arising from trade specialization in medium …
Persistent link: https://www.econbiz.de/10011256533
economic growth. It starts with the pioneers in this field and then classifies two main schools favouring liberal financial … literature on financial development and endogenous growth pushed the discussion back into the direction initially advocated by … financial development and economic growth. The evidence suggests, however, enormous heterogeneity across countries, regions …
Persistent link: https://www.econbiz.de/10011255816