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. Unfortunately, this type of regulation can hamper economic growth by shifting banks' portfolios from more productive, risky … investment projects toward less productive but safer projects. This paper introduces banking regulation in an overlapping … initiated by an aggregated shock (in the risky sector) in a banking system with implicit bailout, and banking regulation is …
Persistent link: https://www.econbiz.de/10010573254
To assist with progress towards the United Nations Millennium Development Goals (MDGs) in developing countries, the international community is scaling-up foreign aid to record levels. Concurrently, there are concerns that additional aid will not be used effectively due to a problem of absorptive...
Persistent link: https://www.econbiz.de/10010573277
In macroeconomic literature, it is widely held that persuasion of economic growth and more equitable distribution of income (wealth) is not possible at the same time. The basic reason put forward is that to aim for more equitable distribution will reduce total savings in short and medium terms...
Persistent link: https://www.econbiz.de/10010573316
This paper inspects the influence of human capital, labour force, and absorptive capacity, physical capital as a control variable, foreign direct investment (FDI) inflows and gross domestic product (GDP) on Malaysia's productivity growth. A time series quarterly data from the period of 1999 to...
Persistent link: https://www.econbiz.de/10010573343
This paper extends public spending-based growth theory along three directions: we assume a logistic trajectory for the ratio of government expenditure to aggregate income, self-limiting population change, and exogenous technological progress. By focusing on the choices of a benevolent social...
Persistent link: https://www.econbiz.de/10010573364
This study develops comprehensive full-sector macro-econometric models for the Nigerian economy with the aim of explaining and providing a long-term solution for the persistent growth–poverty divergence experienced by the country. The models are applied to test the hypothesis of existing...
Persistent link: https://www.econbiz.de/10010577083
The causal link between tourism receipts and GDP has recently become the major focus of some recent studies in tourism economics. Results obtained in these studies about the causal link appear to be sensitive with respect to the countries analyzed, sample period and methodology employed....
Persistent link: https://www.econbiz.de/10010577116
Applying GMM (Arellano and Bond, 1991) to panel data of 90 countries spanning over 1992–2006, this paper explores possible relationships between military expenditure and economic growth. Based on the definitions of income levels by the World Bank – high, middle and low – our results...
Persistent link: https://www.econbiz.de/10010577127
This paper deals with transition mechanisms through which financial market conditions affect real economic growth in the Euro area. The informational content of financial variables for predicting real economic growth is assessed, allowing for asymmetric responses to shocks. A nonlinear framework...
Persistent link: https://www.econbiz.de/10010577132
This analysis assesses the role of social capital in generating heterogeneity in growth processes across U.S. counties by estimating growth regressions, using the novel semiparametric smooth coefficient quantile regression method in which parameters are unspecified functions of a measure of...
Persistent link: https://www.econbiz.de/10010577135