Showing 21 - 30 of 667
This letter explores the different implications of patent breadth and R&D subsidies on economic growth and endogenous market structure in a Schumpeterian model. We find that the two policy instruments have the same positive effect on economic growth when the model exhibits scale effects under a...
Persistent link: https://www.econbiz.de/10011107763
This paper surveys the literature that examines the effect of education on economic growth. Specifically, we apply meta-regression analysis to 56 studies with 979 estimates and show that there is substantial publication selection bias towards a positive impact of education on growth. Once we...
Persistent link: https://www.econbiz.de/10011107811
We conduct empirical analysis on examining the changes in exchange rate volatility under two monetary policy regimes, i.e. the pre- and post- inflation targeting (IT) regimes. In addition, we also investigate if the monetary decisions can have impacts on the volatility of exchange rate. The...
Persistent link: https://www.econbiz.de/10011107821
As by product of economic growth, jobs are indeed transformational. In other words, efficiency increases as workers get better at what they do (as more productive jobs appear and less productive one disappear). In fact societies flourish as jobs bring together people from different ethnic and...
Persistent link: https://www.econbiz.de/10011107833
This paper addresses the debate in the literature on how developing countries are affected by foreign monetary policy shocks. I analyze how contractionary monetary policy shocks originating in different regions, specifically the Euro Area (“EU”) and United States (“US”), affect a set of...
Persistent link: https://www.econbiz.de/10011107889
The paper is devoted to the analysis of impulses summoned by shifts in Russian economy's money supply. We catch the shocks outgoing to primal elements of gross domestic product, i.e. consumption of goods and durables, capital investment, public expenditures and net export. Using VEC model we...
Persistent link: https://www.econbiz.de/10011107892
We study the relationship between financial development, technological development and economic growth in Romania. We construct aggregate indices of financial development and technological development using principal component analysis. The ARDL bounds testing approach shows the presence of...
Persistent link: https://www.econbiz.de/10011107902
The following paper studies possible impacts of financial integration under different economic conditions, such as financial and equity market development and trade openness. It applies mixture of models, namely General Methods of Moments (GMM), Ordinary Least Squares (OLS), two-staged OLS,...
Persistent link: https://www.econbiz.de/10011107903
This paper empirically examines the causality between crime rates and economic growth using state level data in India. A reduced form equation has been estimated using instrumental variable approach to correct for joint endogeneity between crime and economic growth. Higher crimes may reduce...
Persistent link: https://www.econbiz.de/10011107958
This paper proposes to assess the usefulness of central banks forward guidance since the start of the global economic crisis. Using a novel approach, the Wordscores methodology, we reveal that since 2009, central banks do provide a temporal guidance of their accommodative policy that can be...
Persistent link: https://www.econbiz.de/10011107997