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Do openness and human capital accumulation promote economic growth? While intuition argues yes, the existing empirical … factor productivity that include, among many others, human capital, openness, and distortion of domestic prices relative to … price distortion and increasing openness. Human capital plays a smaller role in enhancing growth through total factor …
Persistent link: https://www.econbiz.de/10005746071
The role of regulatory quality as one of the so-called deep determinants of growth has emerged as an important issue in … economic research in the past 20 years. The positive or negative growth effects of a countryś regulatory framework are …. Therefore, the two potential determinants to growth might be interlinked. So far there is very little empirical evidence on the …
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Do openness to trade and higher levels of human capital promote faster productivity growth? That they do is a key … on productivity growth. If the level of openness of an economy is doubled the underlying rate of technical progress will … the level of income but no effect on underlying productivity growth. Our preferred estimator combines high and low …
Persistent link: https://www.econbiz.de/10009642426
show a significant impact of openness on productivity growth. We find also an effect, significant at the ten per cent level … MENA countries. To answer the question: whether either human capital or openness can be shown to cause productivity, we use …, of the level of human capital on the level of income but no effect on underlying productivity growth. Our preferred …
Persistent link: https://www.econbiz.de/10010262187
positive and significant impact of openness on economic growth. The system GMM technique is used to overcome the shortcomings …With the progress of globalization, the openness-output nexus has drawn more attention than ever before. Results in … this aspect, however, are inconclusive. Based on the average growth rate for the last two decades, we select 12 top …
Persistent link: https://www.econbiz.de/10009209712
Cross-country evidence is presented on resource dependence and the link between volatility and growth. First, growth … depends negatively on volatility of unanticipated output growth independent of initial income per capita, the average … investment share, initial human capital, trade openness, the national income share of natural resource exports and population …
Persistent link: https://www.econbiz.de/10008670359
on economic growth is affected by wealth inequality. The results suggest (a) that opening to trade tends to accelerate … growth but (b) that the addition to growth depends inversely on the level of wealth inequality prior to opening. These … findings confirm the general importance for rapid growth in developing countries of reducing inequalities of opportunity. …
Persistent link: https://www.econbiz.de/10009642404
growth, the results in the empirical literature are still mixed. This note is based on a paper of the same title (Bayraktar … different growth patterns. Considering the full government budget constraint, the empirical analysis shows that public spending …, especially its “core” components, contributes to economic growth only in countries that are capable of using funds for productive …
Persistent link: https://www.econbiz.de/10008837648