Showing 1 - 7 of 7
"The empirical literature on finance and development suggests that countries with better developed financial systems experience faster economic growth. Financial development-as captured by size, depth, efficiency, and reach of financial systems-varies sharply around the world, with large...
Persistent link: https://www.econbiz.de/10010522107
"The authors examine the empirical evidence in support of the poverty trap view of underdevelopment. They calibrate simple aggregate growth models in which poverty traps can arise due to either low saving or low technology at low levels of development. They then use these models to assess the...
Persistent link: https://www.econbiz.de/10010522569
Persistent link: https://www.econbiz.de/10010523253
Persistent link: https://www.econbiz.de/10010523431
Persistent link: https://www.econbiz.de/10010525360
"Over the past decade the United States has experienced widening current account deficits and a steady deterioration of its net foreign asset position. During the second half of the 1990s, this deterioration was fueled by foreign investment in a booming U.S. stock market. During the first half...
Persistent link: https://www.econbiz.de/10010522528
Persistent link: https://www.econbiz.de/10010523017