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The study examines the role of global predictors on national monetary policy formation for Kenya and Ghana within the New Keynesian DSGE framework. We developed and automatically calibrated our DSGE model using the Bayesian estimator, which made our model robust to rigorous stochastic number of...
Persistent link: https://www.econbiz.de/10012107801
Persistent link: https://www.econbiz.de/10011545445
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The main objective of this paper is to contribute to in-depth literature on the relationship between growth and the … informal sector in the presence of corruption. The impact of the interaction between growth and corruption on economic … the empirical literature because it studies the effect of the interaction between growth and corruption in the informal …
Persistent link: https://www.econbiz.de/10012817792
This paper is interested in explaining the causes of the simultaneous evolution between economic growth and informality … rate is above (below) a threshold of 1.3577, economic growth reduces (increases) informal economic sector. The corruption …, public and private agents to fight corruption, in view of decreasing the informal economic sector through economic growth. …
Persistent link: https://www.econbiz.de/10012817802
emphasis on documented measures of MFI sustainability, stylized facts surrounding the phenomenon, perspectives on the growth of … MFIs, determinants of the growth of MFIs and the impact of MFIs. …
Persistent link: https://www.econbiz.de/10012798717
This study articulates the interaction between institutional governance, education and economic growth. Given the … analyze the main mechanisms by which the macroeconomic impact of education on growth (and economic development) occurs. Our … growth. The first channel highlights direct positive effect of educational quality on the incentive to accumulate human …
Persistent link: https://www.econbiz.de/10011596860
Globally, investments in physical and human capital have been identified to foster real economic growth and development … complements or substitutes in varying scenarios. While domestic investments bring about endogenous growth processes, foreign … investment, though may be exogenous to growth, has been identified to bring about productivity and ecological spillovers. In view …
Persistent link: https://www.econbiz.de/10012115869
The paper extends Breggren et al. (2008, EE) on "trust and growth: a shaky relationship" by incorporating recent … developments in the trust-growth literature and using a robust methodological underpinning that accounts for the presence of … documented positive trust-growth nexus is broadly confirmed. Second, when initial levels of growth come into play in determining …
Persistent link: https://www.econbiz.de/10011794974
In line with the SDG 10 and Aspiration 1 of Africa's Agenda 2063, this study examines whether: (i) the remarkable inflow of Chinese FDI to Africa matters for bridging the continent's marked income inequality gap, (ii) Africa's institutional fabric is effective in propelling Chinese FDI towards...
Persistent link: https://www.econbiz.de/10012799903