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In this paper we compare the impact of hardware, software, and communication equipment, widely referred to as information and communication technologies (ICT), on economic growth among the advanced industrialized countries. We use nonparametric techniques that allow us to estimate the output...
Persistent link: https://www.econbiz.de/10009393951
Using nonparametric estimation techniques we find that, in contrast to recent research, the finance-growth relationship is linear when the previously documented nonlinearity between initial per capita income, human capital and economic growth is taken into account.
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We study the relationship between financial development and economic growth to explore possible nonlinearities. We use the same data set as previous researchers but employ nonparametric estimation techniques. We find that, in contrast to recent research, the finance-growth relationship is linear...
Persistent link: https://www.econbiz.de/10005429838
The purpose of this paper is to examine the Information and Communication Technology (ICT) capital-economic growth nexus, taking into consideration the previously documented nonlinear relationship between initial income and human capital on the one hand and economic growth on the other. We apply...
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Using nonparametric estimation techniques we find that, in contrast to recent research, the finance-growth relationship is linear when the previously documented nonlinearity between initial per capita income, human capital and economic growth is taken into account.
Persistent link: https://www.econbiz.de/10005196484