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Financial inclusion : what have we learned so far? : what do we have to learn?
Barajas, Adolfo; Beck, Thorsten; Belhaj, Mohamed; Ben … - 2020
The past two decades have seen a rapid increase in interest in financial inclusion, both from policymakers and researchers. This paper surveys the main findings from the literature, documenting the trends over time and gaps that have arisen across regions, income levels, and gender, among...
Persistent link: https://www.econbiz.de/10012300650
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Exchange Rate Responses to Inflation in Bangladesh
Hossain, Md. Akhtar - 2002
This paper investigates the exchange rate responses to inflation in Bangladesh during the period from 1972-73 to 1999 … generally led to currency devaluation, measured as a decline in the value of the currency in terms of the trade-weighted nominal … effective exchange rate. The effect of inflation on devaluation, however, became weaker following the financial reforms …
Persistent link: https://www.econbiz.de/10014399641
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Measuring income inequality and implications for economic transmission channels
Blotevogel, Robert; Imamoglu, Eslem; Moriyama, Kenji; … - 2020
We study the channels that theoretically transmit the effects of inequality to economic growth, unlike much of the existing literature that focuses on the direct linkage. The role of inequality in these transmission channels is difficult to pin down and varies with the particular inequality...
Persistent link: https://www.econbiz.de/10012301883
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Inequality of opportunity, inequality of income and economic growth
Aiyar, Shekhar; Ebeke, Christian - 2019
We posit that the relationship between income inequality and economic growth is mediated by the level of equality of opportunity, which we identify with intergenerational mobility. In economies characterized by intergenerational rigidities, an increase in income inequality has persistent...
Persistent link: https://www.econbiz.de/10012009340
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Finance, growth, and inequality
Levine, Ross - 2021
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 growth, income distribution, and poverty. In this...
Persistent link: https://www.econbiz.de/10012612328
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The Global Trade Slowdown: Cyclical or Structural?
2015 - Constantinescu, Cristina ; Mattoo, Aaditya ; Ruta, Michele ed
This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical. An estimate of the relationship between trade and...
Persistent link: https://www.econbiz.de/10014411917
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Determinants of Growth in an Error : Correction Model for El Salvador
Méndez Morales, Armando - 1998
An error-correction model identifies determinants of growth consistent with results from panel regressions based on a standard Cobb-Douglas production function for El Salvador for 1970-1995, with structural factors affecting the technology variable and macroeconomics and expectations explaining...
Persistent link: https://www.econbiz.de/10014403408
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Sources of Growth in the Democratic Republic of the Congo : A Cointegration Approach
Cinyabuguma, Matthias - 2004
relative importance of total factor productivity growth and factor accumulation, using a cointegration method and a growth …
Persistent link: https://www.econbiz.de/10014404167
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Capital and Trade As Engines of Growth in France : An Application of Johansen's Cointegration Methodology
Coe, David T. - 1993
An aggregate production function is estimated with recent cointegrating techniques that are particularly appropriate for estimating long-run relationships. The empirical results suggest that the growth of output in France has been spurred by increased trade integration within the European...
Persistent link: https://www.econbiz.de/10014396036
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IMF-supported programs and income convergence in low-income countries
Pradhan, Tejesh; Al-Sadiq, Ali J. - 2018
Continuing the empirical debate on the effects of IMF-supported programs on participating countries' macroeconomic performance, we focus on the issue of whether these programs accelerate conditional AY-convergence among low-income countries (LICs). We use an unbalanced panel dataset for 85 LICs...
Persistent link: https://www.econbiz.de/10011978702