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Financial Development, Exchange Rate Regimes, and Growth Dynamics

Kassa, Woubet - 2018

This paper utilizes data for African countries to analyze the extent to which financial development affects the dynamics of the relationship between exchange rate flexibility and economic growth. The findings indicate that financial development exerts a positive influence on the relationship...

Persistent link: https://www.econbiz.de/10012912272

Inequality of Opportunity and Economic Growth : A Cross-Country Analysis

Ferreira, Francisco H. G. - 2017

Income differences arise from many sources. While some kinds of inequality, caused by effort differences, might be associated with faster economic growth, other kinds, arising from unequal opportunities for investment, might be detrimental to economic progress. This study uses two new metadata...

Persistent link: https://www.econbiz.de/10012966024

The political U : new evidence on democracy and income

Campos, Nauro; Coricelli, Fabrizio; Frigerio, Marco - 2022

This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960-2018, we show that the causal relationship between political and economic development is U-shaped: "intermediate" political regimes significantly lead to inferior economic...

Persistent link: https://www.econbiz.de/10013412764

Global universal basic skills : current deficits and implications for world development

Gust, Sarah; Hanushek, Eric Alan; Woessmann, Ludger - 2022

How far is the world away from ensuring that every child obtains the basic skills needed to be internationally … competitive? And what would accomplishing this mean for world development? Based on the micro data of international and regional … skills for 159 countries that cover 98.1% of world population and 99.4% of world GDP. We find that at least two-thirds of the …

Persistent link: https://www.econbiz.de/10013426464

Population aging and economic growth : from demographic dividend to demographic drag?

Kotschy, Rainer; Bloom, David E. - 2023

throughout much of the world. Expansions of labor supply due to improvements in functional capacity among older people can …

Persistent link: https://www.econbiz.de/10014326800

Artificial Intelligence and the discovery of new ideas : is an economic growth explosion imminent?

Almeida, Derick; Naudé, Wim; Sequeira, Tiago Neves - 2024

Theory predicts that global economic growth will stagnate and even come to an end due to slower and eventually negative growth in population. It has been claimed, however, that Artificial Intelligence (AI) may counter this and even cause an economic growth explosion. In this paper, we critically...

Persistent link: https://www.econbiz.de/10014464111

We already live in a degrowth world, and we do not like it

Naudé, Wim - 2023

The Degrowth Movement calls for "degrowth" - a reduction in GDP in advanced economies - to avert an ecological crisis. This paper argues that the Degrowth Movement misses that the West is already in a state resembling degrowth - a Great Stagnation. This state of degrowth and its correlates,...

Persistent link: https://www.econbiz.de/10014286501