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The finance-growth nexus in ceec: new evidence from a survey-based indicator of external financial dependence
D'alfonso, Elena; Moretti, Luigi - In: Economics Bulletin 32 (2012) 3, pp. 2688-2699
Following Rajan and Zingales's (1998) pioneering study, many empirical studies have tested the differential growth … development and its economic growth. We suggest a new indicator based on the new EU-Efige/Bruegel-UniCredit survey database, which … relationship between financial development and economic growth by analyzing a sample of Central and Eastern European economies …
Persistent link: https://www.econbiz.de/10011278651
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Power Law Scaling in the World Income Distribution
Guilmi, Corrado Di; Gallegati, Mauro; Gaffeo, Edoardo - In: Economics Bulletin 15 (2003) 6, pp. 1-7
growth process appears to be scale invariant but for countries in the tails of the world income distribution, and that the … relative volatility of smaller countries' growth processes have increased over time. …
Persistent link: https://www.econbiz.de/10010836047
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Corruption, aid volatility & growth
Kathavate, Jay - In: Economics Bulletin 33 (2013) 2, pp. 1159-1169
This paper revisits the debate on foreign aid effectiveness from a different perspective by analysing the role of institutional corruption on the effect of aid volatility on the output of developing nations. A simple political economy model is developed to show the effect of corruption on...
Persistent link: https://www.econbiz.de/10010836231
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Do institutions rule? The role of heterogeneity in the institutions vs. geography debate
Kourtellos, Andros; Stengos, Thanasis; Tan, Chih ming - In: Economics Bulletin 30 (2010) 3, pp. 1710-1719
We uncover evidence of substantial heterogeneity in the growth experience of countries using a structural threshold … versus geography debate in growth are potentially misleading …
Persistent link: https://www.econbiz.de/10008520882
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Power Law Scaling in the World Income Distribution
Guilmi, Corrado Di; Gallegati, Mauro; Gaffeo, Edoardo - In: Economics Bulletin 15 (2003) 6, pp. 1-7
growth process appears to be scale invariant but for countries in the tails of the world income distribution, and that the … relative volatility of smaller countries' growth processes have increased over time. …
Persistent link: https://www.econbiz.de/10005094837
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GDP per Capita among African Countries over the Period 1950–2008: Highlights of Convergence Clubs
Rey, Serge; Deisting, Florent - In: Economics Bulletin 32 (2012) 4, pp. 2779-2800
Using intradistribution dynamics and panel unit root tests, this study considers the economic convergence processes of 53 African countries during the period 1950–2008. The stochastic evidence reveals no global convergence among African countries but provides indications of convergence...
Persistent link: https://www.econbiz.de/10011278538
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The Emergence of Agriculture: Trickle-Down Growth and Climate Change
Teraji, Shinji - In: Economics Bulletin 32 (2012) 1, pp. 913-922
of labor to agriculture magnifies the persistence of growth dynamics. The model also explains that a temporary climate …
Persistent link: https://www.econbiz.de/10011278567
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Market Distortions and Productivity Growth with Reference to India
Maiti, Dibyendu - In: Economics Bulletin 32 (2012) 3, pp. 2313-2319
The paper studies how market imperfections distort the usual productivity growth using Indian disaggregated level of … problems of factor choice, accounts for a lower productivity growth than the usual estimate. …
Persistent link: https://www.econbiz.de/10011278597
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Economic growth and the role of trade in intermediates
Turco, Alessia Lo - In: Economics Bulletin 32 (2012) 1, pp. 596-615
We estimate the effect of imports and exports of intermediates on economic growth in a panel of more than 100 among … affect growth. The overall effect is driven by the effect of imports in developing countries. This role for imports is … especially confined to imports from high income economies. Exports do not appear to affect growth in the long run. …
Persistent link: https://www.econbiz.de/10011278603
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A note on demographic shocks in a multi-sector growth model
Marsiglio, Simone; Torre, Davide La - In: Economics Bulletin 32 (2012) 3, pp. 2293-2299
We introduce demographic shocks in a multi-sector endogenous growth model, a-la Uzawa-Lucas. We show that an analytical …
Persistent link: https://www.econbiz.de/10011278607