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(ICT) and its impact on economic growth over the last decade. It shows a wide set of indicators reflecting a technological … fall in labor productivity is explained by an insufficient investment on non-ICT capital as well as by a negative … by a higher rate of ICT and non-ICT capital accumulation and by a less negative contribution from TFP. The article …
Persistent link: https://www.econbiz.de/10005035003
This paper explores the non-linear relationship between financial development and economic growth. It mainly relies on the Panel Smooth Transition Regression (PSTR) model of Gonzalés et al. (2005) and three metrics of financial development to endogenously assess the impact of financial...
Persistent link: https://www.econbiz.de/10011271319
The essence of this study is to verify the macroeconomic implications of cross-border remittances for economic growth prospects of small-open developing economies for the period, 1996-2006. A set of dynamic panel model, specified within the framework of Blundell-Bond Generalized Method of Moment...
Persistent link: https://www.econbiz.de/10009652929
ABSTRACT: This paper examines the relationship between energy consumption and real economic growth in 17 Arab countries: Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Sudan, Syria, Tunisia, United Arab Emirates and Yemen. It uses an Auto...
Persistent link: https://www.econbiz.de/10011109454
In the aftermath of the recent global financial crisis, the implication of financial liberalisation for stability and economic growth has come under increasing scrutiny. One strand of literature posits a positive relationship between financial liberalisation and economic growth and development....
Persistent link: https://www.econbiz.de/10011113590
This paper investigates the role of information and communication technology (ICT) as a driver of improved productivity …. The paper investigates how, and to what extent, ICT contributed to a narrowing in the productivity gap. Although … investment in ICT capital has strongly increased, total factor productivity (TFP) growth has made the largest contribution to …
Persistent link: https://www.econbiz.de/10008869296
Mankiw, Romer and Weil (1992) have extended the Solow (1956) model by augmenting the production function with human capital. Its empirical success is impressive and it showed a procedure to improve the explanatory power of the neoclassical growth model. This paper suggests an empirical procedure...
Persistent link: https://www.econbiz.de/10005837097
This study analyses the effects of financial openness on productive efficiency and technology catch-up in four countries in the Mediterranean Basin (Algeria, Egypt, Morocco and Tunisia) as compared to the situation about the same in a group of developed countries (France, Germany, Japan, and the...
Persistent link: https://www.econbiz.de/10008490540
This paper points out the fallacy in the previous method of growth accounting by decomposition. Specically, it points out that the previous studies tend to measure the contribution of technical progress to economic growth to be too low and that of capital accumulation too high.
Persistent link: https://www.econbiz.de/10011111524
This is a survey of some ideas relating to the theory of economic growth and how economic growth impacts the natural world.
Persistent link: https://www.econbiz.de/10011111571