140 years, this paper examines the extent to which FD transmits to growth through ideas production, savings, fixed … investment, and schooling. Unionization and agricultural share are used as instruments for FD. The empirical results show that FD …It is well established in the literature that financial development (FD) is conducive to growth, and yet the channels …

Asia’s growth. Our results also confirm the relevance of supply-side factors, in particular human capital and openness to … trade, for developing Asia’s medium- and long-term growth. The overarching implication for policy makers is that supply …-side policies that foster productivity growth will be vital for sustaining developing Asia’s future growth in the postcrisis period …

determining saving and growth by using a growth model that encompasses both neoclassical and endogenous growth models as special … dependency effect is negative in savings and investment regressions. The estimates indicate that the differences in the …While earlier empirical studies found a negative saving effect of old-age dependency rates without considering …