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Bank-Based or Market-Based Financial Systems : Which is Better?
Levine, Ross - 2008
For over a century, economists and policy makers have debated the relative merits of bank-based versus market-based financial systems. Recent research, however, argues that classifying countries as bank-based or market is not a very fruitful way to distinguish financial systems. This paper...
Persistent link: https://www.econbiz.de/10012774642
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Financial Development and Output Growth in Developing Asia and Latin America : A Comparative Sectoral Analysis
Aizenman, Joshua - 2015
economies for a comparison between two regions which are at similar income levels. We document large differences between the two …
Persistent link: https://www.econbiz.de/10013029019
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Understanding Ppps and Ppp-Based National Accounts
Deaton, Angus - 2010
practical problems of implementing it. All of these data are underpinned by the International Comparison Program (ICP), which … practical difficulties make comparison exceedingly hazardous …
Persistent link: https://www.econbiz.de/10012758136
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Growth Accelerations
Hausmann, Ricardo; Pritchett, Lant; Rodrik, Dani - 2022
Unlike most cross-country growth analyses, we focus on turning points in growth performance. We look for instances of rapid acceleration in economic growth that are sustained for at least eight years and identify more than 80 such episodes since the 1950s. Growth accelerations tend to be...
Persistent link: https://www.econbiz.de/10013321621
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Financial Development and the Composition of Industrial Growth
Fisman, Raymond J.; Love, Inessa - 2021
We re-examine the role of financial market development in the intersectoral allocation of resources. Specifically, we propose the use of a new methodology that looks at the co-movement in growth rates across pairs of countries to examine the role of financial development in allowing firms to...
Persistent link: https://www.econbiz.de/10013242889
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Indian Manufacturing Industry : Elephant or Tiger? New Evidence on the Asian Miracle
Hulten, Charles R.; Srinivasan, Sylaja - 2022
We estimate the rate of total factor productivity growth in Indian manufacturing industry for the period 1973-1992, and compare the results to those obtained by Young for the East Asian Tigers. We then interpret our results in light of Krugman's hypothesis that, because the Asian Miracle was...
Persistent link: https://www.econbiz.de/10013322875
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Us-Europe Differences in Technology-Driven Growth : Quantifying the Role of Education
Krueger, Dirk; Kumar, Krishna B. - 2021
European economic growth has been weak, compared to the US, since the 80s. In previous work (Krueger and Kumar, 2003), we argued that the European focus on specialized, vocational education might have been effective during the 60s and 70s, but resulted in a growth gap relative to the US during...
Persistent link: https://www.econbiz.de/10013230626
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Productivity Growth and Levels in France, Japan, the United Kingdom and the United States in the Twentieth Century
Cette, Gilbert - 2010
This study compares labor and total factor productivity (TFP) in France, Japan, the United Kingdom and the United … the United Kingdom and become the leading world economy. During the past 25 years, the four countries have also … extent also to France and Japan, a relative decline that was interrupted by the second world war (WW2); (iii) the remarkable …
Persistent link: https://www.econbiz.de/10013149831
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The Global History of Corporate Governance : An Introduction
Steier, Lloyd - 2013
, Germany, Japan, India, Italy, the Netherlands, Sweden, the United Kingdom, and the United States. Together, the studies …
Persistent link: https://www.econbiz.de/10012754560
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Agglomeration and the Price of Land : Evidence from the Prefectures
Dekle, Robert; Eaton, Jonathan - 2021
We use Japanese prefectural wage and land price data to estimate the magnitude of agglomeration effects in manufacturing and finance. We also examine the range of agglomeration effects by estimating the extent to which they diminish with distance, using a specification that encompasses the polar...
Persistent link: https://www.econbiz.de/10013218321