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Remittances, financial development, and growth
Giuliano, Paola; Ruiz-Arranz, Marta - 2006
Despite the increasing importance of remittances in total international capital flows, the relationship between … remittances and growth has not been adequately studied. This paper studies one of the links between remittances and growth, in … particular how local financial sector development influences a country's capacity to take advantage of remittances Using a newly …
Persistent link: https://www.econbiz.de/10010267976
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Remittances, Financial Development, and Growth
Giuliano, Paola; Ruiz-Arranz, Marta - Institute for the Study of Labor (IZA) - 2006
Despite the increasing importance of remittances in total international capital flows, the relationship between … remittances and growth has not been adequately studied. This paper studies one of the links between remittances and growth, in … particular how local financial sector development influences a country’s capacity to take advantage of remittances Using a newly …
Persistent link: https://www.econbiz.de/10005566488
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Banks and innovation: microeconometric evidence on Italian firms
Benfratello, Luigi; Schiantarelli, Fabio; Sembenelli, … - 2006
In this paper we investigate the effect of local banking development on firms' innovative activities, using a rich data set on innovation for a large number of Italian firms over the 1990's. There is evidence that banking development affects the probability of process innovation, particularly...
Persistent link: https://www.econbiz.de/10010267494
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Financial development and the distribution of income in Latin America and the Caribbean
Canavire-Bacarreza, Gustavo; Rioja, Felix - 2008
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/10010269162
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MIMIC models, cointegration and error correction: an application to the French shadow economy
Bühn, Andreas; Schneider, Friedrich G. - 2008
differences. Arguably, this shortcoming is rooted in the lack of an appropriate MIMIC model which considers cointegration among … variables. This paper develops a MIMIC model which estimates the cointegration equilibrium relationship and the error correction …
Persistent link: https://www.econbiz.de/10010276685
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Brain drain in globalization: a general equilibrium analysis from the sending countries' perspective
Marchiori, Luca; Shen, I-ling; Docquier, Frédéric - 2009
The paper assesses the global effects of brain drain on developing economies and quantifies the relative sizes of various static and dynamic impacts. By constructing a unified generic framework characterized by overlapping-generations dynamics and calibrated to real data, this study incorporates...
Persistent link: https://www.econbiz.de/10010269352
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Financial constraints and innovation: why poor countries don't catch up
Gorodnichenko, Yuriy; Schnitzer, Monika - 2010
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/10010269463
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Distribution of natural resources, entrepreneurship and economic development: growth dynamics with two elites
Falkinger, Josef; Grossmann, Volker - 2005
This paper develops a model in which the interaction of entrepreneurial investments and power of the owners of land or other natural resources determines structural change and economic development. A more equal distribution of natural resources promotes structural change and growth through two...
Persistent link: https://www.econbiz.de/10010267484
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Monotheism (from a sociopolitical and economic perspective)
Iyigun, Murat - 2007
The Axial Age, which lasted between 800 B. C. E. and 200 B. C. E., covers an era in which the spiritual foundations of humanity were laid simultaneously and independently in various geographic areas, and all three major monotheisms of Judaism, Christianity and Islam were born between 1200 B. C....
Persistent link: https://www.econbiz.de/10010268511
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Cultures, clashes and peace
Fletcher, Erin; Iyigun, Murat - 2009
Ethnic and religious fractionalization have important effects on economic growth and development, but their role in internal violent conflicts has been found to be negligible and statistically insignificant. These findings have been invoked in refutation of the Huntington hypothesis, according...
Persistent link: https://www.econbiz.de/10010269143