Showing 1 - 6 of 6
China has been growing at a spectacular rate in recent years, enabling per capita incomes to almost quadruple in only … the last decade and a half This paper identifies the sources of economic growth in China from 1953 to 1994. While capital … accumulation played an important role in China’s economic growth throughout the period, it is basically the sharp and sustained …
Persistent link: https://www.econbiz.de/10014398095
This paper studies growth patterns in Emerging Market Economies (EMs) from the perspective on clusters and taxonomies. First, it documents developments over the past five decades in EMs and uses a cluster analysis to better understand convergence and the investment-growth nexus. Second, it looks...
Persistent link: https://www.econbiz.de/10011447085
In recent years there has been substantial theoretical and empirical work on the role that financial markets play in 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...
Persistent link: https://www.econbiz.de/10014403474
This paper reexamines the issue of the existence of threshold effects in the relationship between inflation and growth, using new econometric techniques that provide appropriate procedures for estimation and inference. The threshold level of inflation above which inflation significantly slows...
Persistent link: https://www.econbiz.de/10014399787
The conventional growth-accounting approach to estimating the sources of economic growth requires unrealistically strong assumptions about the competitiveness of factor markets and the form of the underlying aggregate production function. This paper outlines a new approach utilizing...
Persistent link: https://www.econbiz.de/10014400098
This paper reviews the theoretical and empirical aspects of the relationship between macroeconomic policies and the long-run rate of growth of GNP. The macroeconomic policies examined include fiscal policies, monetary and interest rate policies, external policies, and policies to reform the...
Persistent link: https://www.econbiz.de/10014398430