Showing 1 - 10 of 170
Paper reviews India's growth performance since independence. Phrases suchas "Hindu Rate of Growth," sometimes make a … attention on the wrong issue. There is nothing in the literature that suggeststhat this period of the "Hindu Rate of Growth" had … anything to do with Hinduism per se.This paper shows that had a lot to do with the Indian version of Socialism. The 30 …
Persistent link: https://www.econbiz.de/10011807532
Historically, episodes of rapid growth are accompanied by significant structural change. In this paper we therefore aim … to quantify the extent to which factor accumulation induces structural change and productivity growth in industrializing … economies. To fix ideas we present an extension of Barro, Mankiw and Sala-i-Martin?s (1995) growth model that incorporates two …
Persistent link: https://www.econbiz.de/10010263207
development. …
Persistent link: https://www.econbiz.de/10010284042
-faring and airborne transportation technologies, to examine its impact on the course of economic development across the globe … effect on the process of development and contributed to the contemporary variation in the standard of living across countries. …
Persistent link: https://www.econbiz.de/10010284086
beneficial in early stages of development, generated in later stages a hurdle for human capital accumulation and economic growth … from an agrarian to an industrial economy generating diverging growth patterns across countries. Land abundance, which was … of industrialization affected the transition to modern growth and has brought about changes in the ranking of countries …
Persistent link: https://www.econbiz.de/10010318867
, to enhance countries' growth. I argue that the relationship between stock markets and growth is exaggerated and that the … simple act of opening a formal stock market is not a good predictor of whether a country will experience economic growth …. While it is possible that in some instances opening a stock market can lead to increased growth, I do not find any evidence …
Persistent link: https://www.econbiz.de/10010369472
economic growth. This research has relied on a variety of econometric techniques applied to large cross-country data sets …. Although the documented positive effects of both RER competitiveness and stability on growth appear to be robust, it is still …: the financial globalization channel and the tradable-led growth channel. I conclude that since these mechanisms are not …
Persistent link: https://www.econbiz.de/10010457024
After 1980s, chronic inflation in Turkey has shaken the confidence in the domestic currency, and thus operating debit-credit transactions through dollars. The aim of this study is to analyse the impact of exchange rate pass-through into inflation in both Turkey and emerging market economies that...
Persistent link: https://www.econbiz.de/10010500248
We present a model of growth and distributional conflict that implies a non-monotonic relationship between average … are small at low stages of development, a shift towards egalitarianism considerably improves agents' income prospects once … shifts to radically redistributive policies frequently took place after extended periods of economic growth. …
Persistent link: https://www.econbiz.de/10011430034
satisfactory historical narrative) the reasons why the United Kingdom evolved between the Glorious Revolution of 1688 and the … inaugurated the modern debate with the publication of The Financial Revolution in England some four decades ago.That seminal book … (subtitled “A Study in the Development of Public Credit 1688-1756” directed attention to the economic and geopolitical …
Persistent link: https://www.econbiz.de/10005870565