Showing 1 - 10 of 91
policymakers' beliefs about the impact of capital account liberalization on growth, under the 'Mundell's trilemma constraint. The …
Persistent link: https://www.econbiz.de/10010469677
We examine the (potentially nonlinear) relationship between inequality and growth using a method which does not require …
Persistent link: https://www.econbiz.de/10010469680
for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the … presumed growth benefits of financial integration. Indeed, a new literature proposes that the indirect benefits of financial … ; capital account liberalization ; growth ; threshold conditions ; financial development ; institutions ; macroeconomic policies …
Persistent link: https://www.econbiz.de/10003831857
(1999) that Zipf's law follows from a stochastic growth process. In particular, Gabaix shows that if the regions follow … distributions ; city growth ; Zipf's law ; Gibrat's law ; rank-size rule …
Persistent link: https://www.econbiz.de/10003794024
We investigate whether a causal interpretation of the robust association between cognitive skills and economic growth …-country distribution. Extensive sensitivity analyses of cross-country growth regressions generate remarkably stable results across … specifications, time periods, and country samples. In addressing causality, we find, first, significant growth effects of cognitive …
Persistent link: https://www.econbiz.de/10003920009
growth models estimated across world regions, these low levels of cognitive skills can account for the poor growth … comparable income data. Our growth analysis using these data confirms the significant effects of cognitive skills on intra … ; economic growth ; cognitive skills ; Latin America …
Persistent link: https://www.econbiz.de/10003920037
This paper combines different strands of the productivity literature to investigate the effect of idiosyncratic (firm-level) policy distortions on aggregate outcomes. On the one hand, a growing body of empirical research has been relating cross-country differences in key economic outcomes, such...
Persistent link: https://www.econbiz.de/10003920110
declines. In this paper, we examine whether faster growth in the Hispanic population is linked to faster growth in income per … capita in rural areas and small towns. Our results indicate strong support for the hypothesis that Hispanic population growth … has fueled increased economic growth in those small, rural communities whose populations had been in decline during the …
Persistent link: https://www.econbiz.de/10003933583
China has achieved impressive growth over the last three decades. However, there has been debate over the sources of … the growth, and the role of the intensive versus extensive margin. Growth accounting exercises at the aggregate level … have been doubts about the contribution of TFP improvements to growth. For the period between 1978 and 1998, Young (2003 …
Persistent link: https://www.econbiz.de/10003940472
This paper examines a much overlooked link between credit markets and formalization: since access to bank credit typically requires compliance with tax and employment legislation, firms are more likely to incur such formalization costs once bank credit is more widely available at lower cost; if...
Persistent link: https://www.econbiz.de/10003925244