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Economic growth, financial development, and income inequality

Park, Donghyun; Shin, Kwanho - 2015

The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...

Persistent link: https://www.econbiz.de/10011305273

The impact of financial factors on the output gap and estimates of potential output growth

Felipe, Jesus; Sotocinal, Noli; Bayudan-Dacuycuy, Connie - 2015

The literature on the finance-growth nexus highlights the importance of the financial cycle for the estimation of potential output of an economy. We estimate potential output growth for the G-5 countries, as well as for 10 high- and middle-income Asian economies, using a multivariate model that...

Persistent link: https://www.econbiz.de/10011346261

Economic growth in Asia : determinants and prospects

Lee, Jong-Wha; Hong, Kiseok - 2010

economic growth remain relatively limited. Our baseline projections based on the model of conditional convergence show that the … the convergence phenomenon. By expanding at robust rates, developing Asia will account for close to two thirds of the …

Persistent link: https://www.econbiz.de/10008749709

Equilibrium real exchange rate, misalignment, and export performance in developing Asia

Juthathip Jongwanich - 2009

This paper examines the equilibrium real exchange rate and real exchange rate misalignments in developing Asian countries during the period 1995–2008. In addition, the relationship between real exchange rate misalignment and export performance is investigated. In the lead-up to the 1997-1998...

Persistent link: https://www.econbiz.de/10003817266

Real exchange rate misalignment and business cycle fluctuations in Asia and the Pacific

Ambaw, Dessie Tarko; Pundit, Madhavi; Ramayandi, Arief; … - 2022

Real exchange rate (RER) misalignment, which is the deviation between the actual real exchange rate from its equilibrium, occurs frequently among developing economies. Studies have shown that RER misalignment may have negative economic implications, such as a reduction in economic growth,...

Persistent link: https://www.econbiz.de/10012887804

The illusions of calculating total factor productivity and testing growth models from Cobb-Douglas to Solow and Romer

Felipe, Jesus; McCombie, John S. L. - 2019

This paper shows that because growth models in the tradition of Solow's and Romer's are framed in terms of production functions, they are equally subject to a criticism developed by, among others, Phelps Brown (1957), Simon (1979a), and Samuelson (1979). These authors argued that production...

Persistent link: https://www.econbiz.de/10012118296

TOP TEAM DEMOGRAPHICS, INNOVATION AND BUSINESS PERFORMANCE: FINDINGS FROM ENGLISH FIRMS AND CITIES, 2008-9

Nathan, Max - European Regional Science Association - 2013

High levels of net migration to the UK have contributed to growing cultural diversity, and researchers are turning their attention to the long-term effects of diversity on productivity. Yet little is known about these issues. This paper asks: what are the links between the composition of firms'...

Persistent link: https://www.econbiz.de/10010740495

Urban agglomeration and firm innovation : evidence from Asia

Chen, Liming; Hasan, Rana; Jiang, Yi - 2020

This paper presents evidence on the spatial distribution and effects of urban agglomeration on firm innovation. It uses a unique dataset that consistently defines city boundaries and identifies firms' innovation-related activities across 25 developing countries in Asia. We find firm innovation...

Persistent link: https://www.econbiz.de/10012242093

Attraction or repulsion? : testing coagglomeration of innovation between firm and university

Rudkin, Simon; Ming He; Chen, Yang - 2020

Agglomeration theory supports and existing findings confirm the geographical proximity of similar firms and spatial attraction of firms to universities. In addition to that, we are able to identify whether universities as one type of innovative units are attracted by firm-type innovators and the...

Persistent link: https://www.econbiz.de/10012171301

Development, growth and decline in Europe: New patterns of economic convergence and divergence?

Cornett, Andreas P.; Soerensen, Nils Karl - European Regional Science Association - 2013

structural and R&D policy the aim of the current paper is to assess, to what extent they have supported regional convergence, not … measure the impacts on regional convergence in a European (country wise) and urban-rural perspective. The first part of the … developments and perspectives until 2020. The second part considers the impact on the process of convergence of the current decline …

Persistent link: https://www.econbiz.de/10010740379