Showing 1 - 10 of 33
Banking sector openness may directly affect growth by improving the access to financial services and indirectly by improving the efficiency of financial intermediaries, both of which reduce the cost of financing, and in turn, stimulate capital accumulation and economic growth. The objective of...
Persistent link: https://www.econbiz.de/10012553841
(Harmonized System 10- digit) bilateral exports to the United States. The patterns in the data are consistent with the theory. The …
Persistent link: https://www.econbiz.de/10012568116
This paper studies the growth effects of externalities associated with intergenerational health transmission, health persistence, and women's occupational constraints-- with particular emphasis on the role of access to infrastructure. The first part provides a review of the evidence on these...
Persistent link: https://www.econbiz.de/10012551707
The first part of this paper reviews the literature on the relation between finance and growth. The second part of the paper reviews the literature on the historical and policy determinants of financial development. Governments play a central role in shaping the operation of financial systems...
Persistent link: https://www.econbiz.de/10012552258
Devarajan, Go, Page, Robinson, and Thierfelder argued that if aid is about the future and recipients are able to plan consumption and investment decisions optimally over time, then the potential problem of an aid-induced appreciation of the real exchange rate (Dutch disease) does not occur. In...
Persistent link: https://www.econbiz.de/10012552266
This paper reviews different econometric methodologies to assess the relationship between financial development and growth. It illustrates the identification problem, which is at the center of the finance and growth literature, using the example of a simple Ordinary Least Squares estimation. It...
Persistent link: https://www.econbiz.de/10012552394
This paper analyzes the economic growth impact of organized political violence. First, the authors articulate the theoretical underpinnings of the growth impact of political violence in a popular model of growth under uncertainty. The authors show that, under plausible assumptions regarding...
Persistent link: https://www.econbiz.de/10012552484
The role of improved schooling, a central part of most development strategies, has become controversial because expansion of school attainment has not guaranteed improved economic conditions. This paper reviews the role of education in promoting economic well-being, focusing on the role of...
Persistent link: https://www.econbiz.de/10012552573
This paper analyzes the recent growth of government domestic debt, including central bank debt, using a new data base … reflects financial crises, the growth of central bank debt and the greater attractiveness to governments of issuing domestic … of central bank debt can divert central banks from pursuit of the objective of price stability. …
Persistent link: https://www.econbiz.de/10012552794
Given that public spending will have a positive impact on GDP if the benefits exceed the marginal cost of public funds, the present paper deals with measuring costs and benefits of public spending. The paper discusses one cost seldom considered in the literature and in policy debates, namely,...
Persistent link: https://www.econbiz.de/10012552821