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fostering economic growth and development. This paper provides a selective review of the literature, as well as new empirical … evidence on the relationship between financial development and economic growth for a large cross-section sample of countries …. While the results indicate that the effect of financial development on growth is positive, the size of the effect varies …
Persistent link: https://www.econbiz.de/10005263653
Botswana is typical of the countries that are endowed with abundant natural resources. Although it is commonly accepted that resource-rich economies tend to fail in accelerating growth, Botswana has experienced the most remarkable economic performance in the region. Using the latest...
Persistent link: https://www.econbiz.de/10005263757
The coexistence of urban and rural poverty and migration to cities is studied in a dual economy model where the acquisition of skills is costly and involves migration to urban areas. In this model, both the distribution of innate abilities and the distribution of wealth matter for the migration...
Persistent link: https://www.econbiz.de/10005826021
This paper elaborates on a number of key principles that need to underpin a coherent and development …
Persistent link: https://www.econbiz.de/10005826269
declines. Monetary policy, financial development, per capita GDP, and the de jure exchange rate classification matter less …
Persistent link: https://www.econbiz.de/10005826402
behavior of the strong toward the weak, in preconditions for economic development. …
Persistent link: https://www.econbiz.de/10005826516
effect, and promote financial development. These findings hold even after factoring in the reverse causality between … remittances, poverty and financial development. The paper posits that formalizing such flows can serve as an effective access …
Persistent link: https://www.econbiz.de/10005826522
We estimate the respective contributions of institutions, geography, and trade in determining cross-country income levels using recently developed instruments for institutions and trade. Our results indicate that the quality of institutions "trumps" everything else. Controlling for institutions,...
Persistent link: https://www.econbiz.de/10005826539
India has followed an idiosyncratic pattern of development, certainly compared with other fast-growing Asian economies …
Persistent link: https://www.econbiz.de/10005826605
This paper investigates the main postulations of the R&D based growth models that innovation is created in the R&D sectors and it enables sustainable economic growth, provided that there are constant returns to innovation in terms of R&D. The analysis employs various panel data techniques and...
Persistent link: https://www.econbiz.de/10005826633