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Finance and Growth : Theory and Evidence
Levine, Ross - 2004
is not driving this relationship. Furthermore, theory and evidence imply that better developed financial systems ease …
Persistent link: https://www.econbiz.de/10012785451
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Institutions, Human Capital and Development
Acemoglu, Daron - 2016
In this paper we revisit the relationship between institutions, human capital and development. We argue that empirical models that treat institutions and human capital as exogenous are misspecified both because of the usual omitted variable bias problems and because of differential measurement...
Persistent link: https://www.econbiz.de/10013006662
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Host-Country Financial Development and Multinational Activity
Bilir, Kamran - 2014
This paper evaluates the influence of host-country financial conditions on the global operations of multinational firms. Using detailed U.S. data, we establish that financial development in a country is associated with relatively more entry by multinational affiliates, as well as with higher...
Persistent link: https://www.econbiz.de/10013055496
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Capital Goods Imports and Long-Run Growth
Lee, Jong-Wha - 2021
This paper presents an endogenous growth model of an open economy in which the growth rate of income is higher if foreign capital goods are used relatively more than domestic capital goods for the production of capital stock. Empirical results, using cross country data for the period 1960-85,...
Persistent link: https://www.econbiz.de/10013225824
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Culture, Institutions and Democratization
Gorodnichenko, Yuriy - 2015
We construct a model of revolution and transition to democracy under individualistic and collectivist cultures. The main result is that, despite facing potentially larger collective action problems, countries with an individualistic culture are more likely to end up adopting democracy earlier...
Persistent link: https://www.econbiz.de/10013023685
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The New Empirics of Economic Growth
Durlauf, Steven N.; Quah, Danny - 2021
We provide an overview of recent empirical research on patterns of cross-country growth. The new empirical regularities considered differ from earlier ones, e.g., the well-known Kaldor stylized facts. The new research no longer makes production function accounting a central part of the analysis....
Persistent link: https://www.econbiz.de/10013218903
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Notes on Growth Accounting
Barro, Robert J. - 2021
sections place the growth-accounting exercise within the context of two recent strands of endogenous growth theory -- varieties …
Persistent link: https://www.econbiz.de/10013243370
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Development, Structure, and Transformation : Some Evidence on Comparative Economic Growth
McCord, Gordon C. - 2013
We suggest that the geographical patterns of income differences across the world have deep underpinnings. We emphasize … characteristics of economies. Per capita incomes differ around the world in no small part because of sharp differences across regions … middle income; the distribution of economic activity around the world today; the patterns of growth between 1960 and 2010 …
Persistent link: https://www.econbiz.de/10013074652
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Financial Development in 205 Economies, 1960 to 2010
Čihák, Martin - 2013
financial systems around the world. The database provides information on financial systems in 205 economies over the period from …
Persistent link: https://www.econbiz.de/10013083757
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Testing Endogenous Growth in South Korea and Taiwan
Feenstra, Robert C.; Madani, Dorsati; Yang, Tzu han; … - 2021
We evaluate the endogenous growth hypothesis using sectoral data for South Korea and Taiwan. Our empirical work relies on a direct measure of the variety of products from each sector which can serve as intermediate inputs or as final goods. We test whether changes in the variety of these inputs,...
Persistent link: https://www.econbiz.de/10013222621