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policies and competition controlling for relevant supply and demand side factors. Our econometric model employs dynamic panel … impact on investment in new infrastructure. Furthermore, infrastructure-based competition from mobile operators and the …
Persistent link: https://www.econbiz.de/10010424793
regulatory holidays or geographically differentiated regulations, ii) deregulatory approaches based on effective competition law … of access regulations exist, whereas only a much smaller branch of literature addresses the impact of competition … in grey areas, if there is sufficient pressure from competitive outside options and if competition law is strong. Finally …
Persistent link: https://www.econbiz.de/10010462525
Economic growth in the East Asian economies was remarkable during the latter part of the 20th century, starting with Japan just after World War II, followed by the East Asian Tigers and "tiger cubs" after that and, most recently, the People's Republic of China and India. The high, sustained...
Persistent link: https://www.econbiz.de/10011591072
This essay provides a game-theoretic, endogenous view of institutions, and then applies the idea to identify the sources of institutional trajectories of economic development in China, Japan, and Korea. It stylizes the Malthusian-phase of East Asian economies as peasant-based economies in which...
Persistent link: https://www.econbiz.de/10009669757
Based on the variable rate of gross domestic product per capita growth and its sources, this paper first identifies five phases of economic development that are common to China, Japan, and Korea: M (Malthusian), G (government-led), K (à la Kuznets), H (human capital based) and PD (post...
Persistent link: https://www.econbiz.de/10009407779
Following the ambiguous results in the literature aimed at understanding the empirical link between fiscal federalism and economic growth, this paper revisits the question using a Bayesian Model Averaging approach. The analysis suggests that the failure to appropriately account for model...
Persistent link: https://www.econbiz.de/10009777597
The problem faced by many of the economies making up the Association of Southeast Asian Nations (ASEAN) is whether they can avoid the middle-income trap and advance to the high-income level. What is needed for them to avoid the middle-income trap? This paper attempts to answer this question by...
Persistent link: https://www.econbiz.de/10009742011
This paper examines the effect of institutions on macrofinancial resilience in Asia. Focusing on a panel of 12 Asian economies from 1996Q1 to 2020Q4, we find that institutions for economies with high levels of institutional quality support the resilience of real GDP per capita and net FDI...
Persistent link: https://www.econbiz.de/10013342166
This study examines the impact of remittance inflows on the economic growth of Nepal using annual time series data spanning from 1993 to 2020. Moreover, it investigates the moderating role of institutional quality in this relationship. The analysis adopts the bound test approach of the...
Persistent link: https://www.econbiz.de/10014445529
In this paper, the literature on trade and development is surveyed, especially that regarding the role of complementarities associated with trade infrastructure. The empirical literature shows that, on average, trade causes growth, but the relationship is far from homogeneous across countries...
Persistent link: https://www.econbiz.de/10011576841