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Endogenous Economic Growth through Connectivity
Zon, Adriaan van; Mupela, Evans - United Nations University-Maastricht Economic Research … - 2010
In this paper we show the benefits of regional connectivity and specialization to growth. Starting with one region we show how welfare measured by utility per head increases as the number of connected regions increase. We assume a common connectivity infrastructure implemented by satellite,...
Persistent link: https://www.econbiz.de/10010856401
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Oil Exports, Non Oil GDP and Investment in the GCC Countries
Harb, Nasri - Volkswirtschaftliche Fakultät, … - 2008
This paper studies the long and short-run relationship between oil exports, non oil GDP and investment in five major oil exporting countries. Its goal is to verify the effect of natural resources exports on the economic performance. It considers the effect of cross sectional correlations and...
Persistent link: https://www.econbiz.de/10005025719
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Economic Reforms and Growth in Franco’s Spain
Escosura, Leandro Prados de la; Rosés, Joan R.; … - Instituto Figuerola de Historia y Ciencias Sociales, … - 2011
This paper is an attempt at assessing the economic impact of market-oriented reforms undertaken during General Franco’s dictatorship, in particular, the 1959 Stabilization and Liberalization Plan. Using an index of macroeconomic distortions (IMD) the relationship between economic policies and...
Persistent link: https://www.econbiz.de/10009195322
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Education investissements directs étrangers et croissance économique réflexions pour le maroc
Jellal, Mohamed; Bouzahzah, Mohamed - Volkswirtschaftliche Fakultät, … - 2012
We present an endogenous growth model with technological externalities emitted the presence of the foreign direct investments. We showed that the net positive impact on the growth of these investments may be if and only if the host country such as Morocco has reached a minimal level of human...
Persistent link: https://www.econbiz.de/10011114394
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What Diversification of Trade Matters for Economic Growth of Developing Countries?
Rondeau, Fabien; Roudaut, Nolwen - Centre de Recherche en Économie et Management (CREM) - 2014
This paper underlines the influence of trade diversification on GDP per capita growth. Using methodologies developed by … intensive margin (old traded flows), extensive margin by new partners (geographic diversification) and extensive margin by new … products (product diversification). Estimations of the augmented Solow model by system-GMM for the period 1990-2009, first …
Persistent link: https://www.econbiz.de/10010969009
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Terms of Trade and Growth of Resource Economies: A Tale of Two Countries
Fosu, Augustin Kwasi - Department of Economics, Oxford University - 2011
The current paper demonstrates a dochotomy of the growth response to changes in the barter terms of trade (TOT), employing as case studies the following two African countries: Botswana and Nigeria.  Using distributed-lag analysis, the paper finds that the effect of TOT on output is positive and...
Persistent link: https://www.econbiz.de/10011004308
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Energy Consumption and Economic Growth: Evidence from Cameroon
Fondja Wandji, Yris D. - Université Paris-Dauphine (Paris IX) - 2013
The aim of this paper is to study the nature of the relationship between energy consumption and economic growth in Cameroon through a three-step approach: (i) study the stationarity of the chronic, (ii) test of causality between variables, and (iii) estimate the appropriate model. The study...
Persistent link: https://www.econbiz.de/10010723180
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Estimating the effects of democratization in African countries: A simultaneous equations approach
Green, Alan - In: Economic Systems 37 (2013) 4, pp. 555-571
growth and of greater political participation on civil violence. Democracy is endogenous to economic growth and other …
Persistent link: https://www.econbiz.de/10010729356
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Democracy and Prosperity in two Decades of Transition
Apolte, Thomas - Institut für Siedlungs- und Wohnungswesen, …
This paper revisits the relation between democracy, liberalization, and prosperity in transition countries, using a …-shaped relationship between political liberalization and growth is found, such that a rise in democracy levels promotes growth only under … initially low democracy levels. Furthermore, economic and political liberalization turn out to be positively related, but with …
Persistent link: https://www.econbiz.de/10010735900
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The Effect of Elections on Economic Growth: Results from a Natural Experiment in Indonesia
Moricz, Sara; Sjöholm, Fredrik - Institutet för Näringslivsforskning (IFN) - 2014
Does democracy increase economic growth? Previous literature tends to find a positive effect but does also suffer from …
Persistent link: https://www.econbiz.de/10010818453