Showing 1 - 10 of 9,235
Persistent link: https://www.econbiz.de/10005069376
between inflation and economic growth beyond which the detrimental effects of high inflation offset the stimulating effects of … mild inflation on growth. However, it is not clear whether it is appropriate to assume an identical turning point in the … inflation and growth relation across countries at various stages of development. Using a non-linear specification and the data …
Persistent link: https://www.econbiz.de/10005269192
The aims of this paper are firstly to access the contribution of foreign direct investment (FDI) to economic growth in countries of the countries CEMAC region, and secondly to show how these foreign investments contribute to the growth of the CEMAC. The basic theory is that of endogenous growth....
Persistent link: https://www.econbiz.de/10010944793
In this paper, we investigate the role of the components of demographic change on economic development. Population growth has both positive and negative effects on income growth. Kelley and Schmidt (1995) states that high birth rates are costly in terms of growth but this effect can be offset by...
Persistent link: https://www.econbiz.de/10005342346
This paper analyses the validity of second generation endogenous growth theories for six developed countries and ten manufacturing sectors over the period 1979-2001, applying modern tests and estimation procedures for the treatment of panel data. The basic autonomous innovation-driven model is...
Persistent link: https://www.econbiz.de/10010778583
This paper reviews the cross-country record of economic growth, using as organizing framework how economic theory has guided that empirical analysis. The paper argues that recent studies of economic growth—both empirical and theoretical—distinguish from previous work in three distinct...
Persistent link: https://www.econbiz.de/10011071327
This paper develops an endogenous growth model with foreign direct investment (FDI) and examines the impact of the latter on capital accumulation, output and total factor productivity (TFP) growth in the recipient economy. Time series and panel data evidence are provided for a sample of OECD and...
Persistent link: https://www.econbiz.de/10005635158
What are the potential sources of growth and how is the convergence process of the Portuguese economy within the EU characterised? We answer this question by determining the most suitable specification of the aggregate production function, CES or Cobb-Douglas, for the EU countries as in...
Persistent link: https://www.econbiz.de/10005232602
We provide an overview of recent empirical research on patterns of cross-country growth. The new empirical regularities considered differ from earlier ones, e.g., the well-known Kaldor stylized facts. The new research no longer makes production function accounting a central part of the analysis....
Persistent link: https://www.econbiz.de/10005790737
This paper reviews the cross-country record of economic growth, using as organizing framework how economic theory has guided that empirical analysis. The paper argues that recent studies of economic growth - both empirical and theoretical - distinguish from previous work in three distinct ways:...
Persistent link: https://www.econbiz.de/10005792232