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This article analyzes the relationship between growth and income distribution in developing countries. Three important … hypotheses are scrutinized: The U-hypothesis, the absolute income hypothesis and the hypothesis of conflict between growth and a …
Persistent link: https://www.econbiz.de/10011274390
in furthering economic growth and development. The implications for the donor community of the decreasing relative …
Persistent link: https://www.econbiz.de/10011274393
Given the decline in growth momentum in the manufacturing sector in many OECD countries, the role of knowledge …-based capital has emerged as a key driver for sustained growth. While empirical studies on estimating knowledge spillovers have …. This paper therefore assesses the effect of spillovers in driving per capita output growth taking into account the role of …
Persistent link: https://www.econbiz.de/10011251881
Our paper analyzed the impact and causal relation of outbound Chinese FDI on growth, employment and export performance … the impact of Chinese outbound FDI on employment and export are insignificant. However, the impact of FDI on growth is …
Persistent link: https://www.econbiz.de/10011258765
impact (manufacturing, agriculture and services) on economic growth through 1970 – 2011 and three cohorts. In these sense, it … hypothesis that the manufacturing sector boosts economic growth more than the others. This sector shows high persistence during … technification that supports its low contribution to economic growth previous to 2001 – 2011. …
Persistent link: https://www.econbiz.de/10011258766
This paper examined the role of export in the economic growth process in Nigeria. Time series data ranging from 1970 to … economic growth and export are integrated of order one, i.e. 1(1). The cointegration test confirmed for model 1 and model 2 … (where total exports and oil exports are used respectively as proxy for Nigeria exports) that economic growth and export are …
Persistent link: https://www.econbiz.de/10011258898
discipline can he permit to keep prices and production levels of social optimum to sustain economic growth ? In this paper, an … gap and economic growth. The results provide empirical evidence that the articulation of monetary and fiscal policy in the … growth in the long term . The paper argues for completing the current policy mix with two new instruments: an attenuation …
Persistent link: https://www.econbiz.de/10011258948
This paper contributes to the debate over the relationship between inequality and growth by proposing that the … inequality exert a positive correlation with economic growth while high levels have a negative one. Additionally, and more … importantly, it is demonstrated the existence of an optimal rate of inequality (ORI) that maximizes growth rates and releases the …
Persistent link: https://www.econbiz.de/10011259019
In order to test the existence of Thirlwall’s law for Turkey during the period of 1980-2008, bounds test approach to cointegration is applied. The empirical results suggest that Thirlwall’s law holds for Turkey. This study also suggests some policy recommendations to curb the deficits in the...
Persistent link: https://www.econbiz.de/10011259089
-capita growth. The OLG model captures direct effects, working through adjustments in the savings rate, labor supply, and capital … politico-economic equilibrium. Growth is driven by capital accumulation and productivity increases fueled by public investment … to demographic ageing and per-capita growth to accelerate. If the retirement age were held constant, the growth rate in …
Persistent link: https://www.econbiz.de/10011259148