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Financial Constraints and Innovation : Why Poor Countries Don't Catch Up

Gorodnichenko, Yuriy - 2015

This paper examines micro-level channels of how financial development can affect macroeconomic outcomes like the level of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation and export activities, using unique firm survey...

Persistent link: https://www.econbiz.de/10013039087

The Economic Burden of Chronic Diseases : Estimates and Projections for China, Japan and South Korea

Bloom, David E. - 2017

China, Japan, and South Korea, and estimate the economic burden of chronic conditions in five domains (cardiovascular … non-communicable diseases over the period 2010-2030 are $16 trillion for China (measured in real USD with the base year …-effectiveness analysis by identifying some intervention strategies to reduce disease prevalence in China that are cost beneficial and …

Persistent link: https://www.econbiz.de/10012950906

Financial Sector Regulation and Reforms in Emerging Markets : An Overview

Prasad, Eswar S. - 2010

This paper provides an overview of the complex conceptual and practical challenges that emerging market economies face as they attempt to reform their frameworks for financial regulation. These economies are striving to balance the quest for financial stability with the imperatives of financial...

Persistent link: https://www.econbiz.de/10013136951

Financial Development and the Distribution of Income in Latin America and the Caribbean

Canavire-Bacarreza, Gustavo J.; Rioja, Felix K. - 2021

One of the central concerns in Latin America and the Caribbean (LAC) has been the reduction of poverty and inequality so prevalent in the continent. Using large world samples, the literature has found that financial development increases economic growth, increases the income of the poor, and...

Persistent link: https://www.econbiz.de/10013324873

Analysis of Pay Inequality and Its Impacts on Growth and Performance in the Korean Manufacturing Industry

Lee, Jeong-Dong; Heshmati, Almas; Kim, Yunhee - 2021

This paper examines the relationship between pay inequality, economic growth, and performance in Korea. Pay inequality is estimated by using Theil's index to identify the factors determining the level of pay inequality, and establish its relationship with economic growth and performance. For the...

Persistent link: https://www.econbiz.de/10013324895

Financial Development and Economic Growth : Evidence from Ten New EU Members

Caporale, Guglielmo Maria - 2014

This paper reviews the main features of the banking and financial sector in ten new EU members, and then examines the relationship between financial development and economic growth in these countries by estimating a dynamic panel model over the period 1994-2007. The evidence suggests that the...

Persistent link: https://www.econbiz.de/10013047876

The Economics of Hypergamy

Almås, Ingvild - 2019

Partner selection is a vital feature of human behavior with important consequences for individuals, families, and society. Hypergamy occurs when a husband's earning capacity systematically exceeds that of his wife. We provide a theoretical framework that rationalizes hypergamy even in the...

Persistent link: https://www.econbiz.de/10012870296

Two to Tangle : Financial Development, Political Instability and Economic Growth in Argentina (1896-2000)

Campos, Nauro F.; Karanasos, Menelaos; Tan, Bin - 2021

This paper investigates the effects of financial development and political instability on economic growth in a power-ARCH framework with data for Argentina from 1896 to 2000. Our findings suggest that (i) informal or unanticipated political instability (e.g., guerrilla warfare) has a direct...

Persistent link: https://www.econbiz.de/10013324919

Will GDP Growth Increase Happiness in Developing Countries?

Clark, Andrew - 2011

This paper asks what low-income countries can expect from growth in terms of happiness. It interprets the set of available international evidence pertaining to the relationship between income growth and subjective well-being. Consistent with the Easterlin paradox, higher income is always...

Persistent link: https://www.econbiz.de/10013127954

The Long-Run Effects of Mortality Decline in Developing Countries

Lehmijoki, Ulla - 2011

Since World War II, mortality has declined in the developing world. This paper examines the effects of this mortality decline on demographic and economic growth by a family-optimization model, in which fertility is endogenous and wealth yields utility through its status. The decline in mortality...

Persistent link: https://www.econbiz.de/10013131422

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