Showing 1 - 10 of 14
The paper reviews India's macroeconomic performance and policies since 2000. The first section briefly summarizes key macroeconomic developments regarding economic growth, inflation, external balance, the fiscal situation and aggregate savings and investment. The second section considers some of...
Persistent link: https://www.econbiz.de/10011807631
Several countries around the world have adopted the inflation targeting regime for monetary policy. Despite the growing literature on the issue, it is not clear whether developing and emerging countries can improve their economic performance by adopting inflation targeting. This working paper...
Persistent link: https://www.econbiz.de/10010293308
In this paper we investigate the long-run and short-run relationship between housing investment and economic growth in China using the quarterly province-level panel data for the period 1999 q1 to 2007 q4. Recently developed econometric techniques for panel unit root testing and heterogeneous...
Persistent link: https://www.econbiz.de/10010321479
Industrial Revolution and the take-off into a modern growth era. We also investigate the possibility that the economy will …
Persistent link: https://www.econbiz.de/10013114693
Can green growth policies help protect the environment while keeping the industry growing and infrastructure expanding? This study applies Auto-Regressive Distributed Lag (ARDL) method on the 50-years' time series data, from 1967 to 2015, of Kitakyushu City, Japan, and found mixed evidence for...
Persistent link: https://www.econbiz.de/10012865070
Azerbaijan's economy is extractive industry-led and not well-diversified. A comprehensive understanding of the role of … the oil industry in the Azerbaijani economy is still a desideratum. Azerbaijan's national economy was a popular case study … being explored. This working paper is nothing more than experimentation results for the Azerbaijan economy within the NRS …
Persistent link: https://www.econbiz.de/10013224595
The literature on aid effectiveness has focused more on recipient policies than the determinants of aid allocation yet a consistent result is that political allies obtain more aid from donors than non-allies. This paper shows that aid allocated to political allies is ineffective for growth,...
Persistent link: https://www.econbiz.de/10010278257
This paper surveys the theoretical and empirical literature on the effects of the real exchange rate (RER) on international trade, economic development and growth. We summarize the main conceptual issues, discuss the relevance of the RER as an instrument of development policy, provide an...
Persistent link: https://www.econbiz.de/10012388918
Several empirical papers have studied the effect of government size, typically measured as government expenditures, on economic growth. There is no consensus on the direction of this impact, even though more recent studies tend to find a negative relationship between the general level of...
Persistent link: https://www.econbiz.de/10013208604
This paper provides the first comparative analysis of different types of publicly owned banks operating in China between 1997 and 2008. Using principal component analysis and Granger-causality tests, this study shows that China's state-owned commercial banks and rural credit cooperatives did not...
Persistent link: https://www.econbiz.de/10013208648