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Financial Development, Exchange Rate Regimes, and Growth Dynamics
Kassa, Woubet - 2018
This paper utilizes data for African countries to analyze the extent to which financial development affects the dynamics of the relationship between exchange rate flexibility and economic growth. The findings indicate that financial development exerts a positive influence on the relationship...
Persistent link: https://www.econbiz.de/10012912272
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Why Don't Remittances Appear to Affect Growth?
Clemens, Michael A. - 2017
Although measured remittances by migrant workers have soared in recent years, macroeconomic studies have difficulty detecting their effect on economic growth. This paper reviews existing explanations for this puzzle and proposes three new ones. First, it offers evidence that a large majority of...
Persistent link: https://www.econbiz.de/10012973260
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Informality and Profitability : Evidence from a New Firm Survey in Ecuador
Medvedev, Denis - 2017
This paper estimates the impact of informality on firm profits using a new firm-level survey designed specifically for this study. The survey was administered to about 1,200 firms with 50 employees or less in Ecuador's two largest cities, Quito and Guayaquil, plus two main centers of economic...
Persistent link: https://www.econbiz.de/10012974435
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Hegelian Macroeconomics -- the Dialectics of Global Imbalances
Monga, Celestin - 2017
financial flows. They have generated two opposing views of the current situation of the world economy: on one side, a prudent … optimistic view suggests that global imbalances are not anomalies but simply the predictable outcome of a world with increasingly … countries in the world rebalance their economies to avoid the potentially painful cost of disruption and adjustment. The latter …
Persistent link: https://www.econbiz.de/10012976730
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Some Thoughts on Making Long-Term Forecasts for the World Economy
Fardoust, Shahrokh - 2017
the world urgently need to see the big picture if they are to deal with the specific challenges and opportunities they …
Persistent link: https://www.econbiz.de/10012973755
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Savings, Financial Development, and Economic Growth in the Arab Republic of Egypt Revisited
Hussein, Khaled - 2017
Private savings play a pivotal role in financing development and sustaining growth. Recently, there have been many theoretical developments that underpin key determinants of savings behavior, many of which merit empirical investigation. Understanding the dynamics of the determinants of savings...
Persistent link: https://www.econbiz.de/10012959137
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Financial Development, Growth, and Crisis : Is There a Trade-Off?
Loayza, Norman - 2017
large share of the world economy. Recognizing the intrinsic trade-offs of financial development can provide a useful …
Persistent link: https://www.econbiz.de/10012943988
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Financial Systems, Growth, and Volatility : Searching for the Perfect Fit
Islam, Roumeen - 2017
This paper builds on recent research examining the impact of finance on growth, looking at the effect of the financial system on volatility in gross domestic product per capita and consumption per capita growth. It also examines the impact of credit on the composition of growth. The findings...
Persistent link: https://www.econbiz.de/10012968745
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What Type of Finance Matters for Growth? Bayesian Model Averaging Evidence
Hasan, Iftekhar - 2017
This paper examines the effect of finance on long-term economic growth using Bayesian model averaging to address model uncertainty in cross-country growth regressions. The literature largely focuses on financial indicators that assess the financial depth of banks and stock markets. These...
Persistent link: https://www.econbiz.de/10012969486
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The Effects of Volatility, Fiscal Policy Cyclicality and Financial Development on Growth : Evidence for the Eastern Caribbean
Brüeckner, Markus - 2017
This paper presents estimates of the effects that terms of trade volatility has on growth of real gross domestic product per capita. Based on five-year non-overlapping panel data comprising 175 countries during 1980?2010, the paper finds that: (i) in model specifications that do not include...
Persistent link: https://www.econbiz.de/10012970533