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Levine, Ross - 2021

development fosters growth by expanding opportunities. Finally, and more tentatively, financial innovation-improvements in the …Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the … fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic …

Persistent link: https://www.econbiz.de/10012612328

Policy towards Commodity Shocks in Developing Countries

Gunning, Jan - 1996

On the basis of a comparative study of 23 episodes involving commodity price shocks we find that both the public and private sectors typically save around half of a windfall gain resulting from a price rise. We argue that private windfalls should be left with the private sector rather than...

Persistent link: https://www.econbiz.de/10014398201

Institutions Rule : The Primacy of Institutions Over Integration and Geography in Economic Development

Subramanian, Arvind - 2002

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...

Persistent link: https://www.econbiz.de/10014401492

International Financial Integration and Economic Growth

Sløk, Torsten - 2002

integration on economic growth and also to assess whether this relationship depends on the level of economic development … to reject the hypothesis that international financial integration does not accelerate economic growth even when …

Persistent link: https://www.econbiz.de/10014399567