Narrow search
Showing 1 - 10 of 2,647
Cover Image
Economic growth and the volatility of foreign aid
Chervin, Michal; Wijnbergen, Sweder van - 2009
Foreign aid’s effectiveness in promoting economic growth remains mired in controversy.We examine the impact of the volatility of aid on economic growth, controlling for the level of aid. A four-year panel analysis is conducted encompassing 155 countries over the period 1966-2001. We find that...
Persistent link: https://www.econbiz.de/10011379530
Cover Image
Innovation and inequality in a small world
Lindner, Ines; Strulik, Holger - 2017
We present a multi-country theory of economic growth and R&D-driven technological progress in which countries are … countries it exchanges knowledge with. The diffusion of knowledge throughout the world explains a period of increasing world …. Knowledge diffusion through a Small World network produces an extraordinary diversity of country growth performances, including …
Persistent link: https://www.econbiz.de/10011688459
Cover Image
Financial globalization and foreign direct investment
Poelhekke, Steven - 2016
This chapter provides a broad overview of the upward trends in financial globalization and foreign direct investment and asks whether and how financial globalization is linked with the foreign direct investment decisions of non-financial multinational enterprises. Several potential links and...
Persistent link: https://www.econbiz.de/10011563060
Cover Image
Finance and growth : a survey of the theoretical and empirical literature
Eschenbach, Felix - 2004
This paper reviews the theoretical and empirical literature on links between domestic financial development and economic growth. It starts with the pioneers in this field and then classifies two main schools favouring liberal financial regimes. First McKinnon and Shaw advocated financial...
Persistent link: https://www.econbiz.de/10011335226
Cover Image
The great divergence : a network approach
Lindner, Ines; Strulik, Holger - 2014
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … country depends on its connections to the rest of the world and on the human capital of the countries it is exchanging … knowledge with. We show how the diffusion of knowledge through the world explains the evolution of global income inequality. It …
Persistent link: https://www.econbiz.de/10010253459
Cover Image
Measurement error in education and growth regressions
Portela, Miguel; Alessie, Rob; Teulings, Coen N. - 2005
The perpetual inventory method used for the construction of education data per country leads to systematic measurement error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the education level between census data and observations...
Persistent link: https://www.econbiz.de/10011335189
Cover Image
Trade in financial services : procompetitive effects and growth performance
Francois, Joseph F.; Schuknecht, Lutger - 1999 - Rev.
In this paper we explore linkages between financial services tradeand growth. We offer aformalization of the argument that trade, through the fostering offinancial market integration,may yield important long-run effects related to increasedcompetition. The relationshipsformalized here link...
Persistent link: https://www.econbiz.de/10011301163
Cover Image
Skill intensity in foreign trade and economic growth
Wörz, Julia - 2004
This paper explores the link between trade structure, trade specialization and per capita incomegrowth. It is argued that industrial upgrading in export specialization patterns has a positive long-rungrowth effect, while the effect of structural change in industrial import patterns is in...
Persistent link: https://www.econbiz.de/10011335211
Cover Image
Measuring financial market integration over the long run : is there a u-shape?
Volosovych, Vadym - 2011
Using long time series for sovereign bond markets of fifteen industrialized economies from 1875 to 2009, I find that financial market integration by the end of the 20th century was higher than in earlier periods and exhibited a J-shaped trend with a trough in the 1920s. The main reason for the...
Persistent link: https://www.econbiz.de/10011382994
Cover Image
Financial sector competition, service trade, and growth
Francois, Joseph F.; Eschenbach, Felix - 2002
We explore dynamic linkages between financial/banking sector openness, financial sector competition, and growth. We first develop an analytical model, highlighting links between long-run economic performance and services trade, through scale economies and market and cost structures in the...
Persistent link: https://www.econbiz.de/10011327533