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This paper aims to investigate the relationship between economic growth, institutional quality and financial development whitin a sample of middle-income countries. We generate three hypothesis on the potential relationships between those three dimensions by reviewing the existing literature and...
Persistent link: https://www.econbiz.de/10012523684
This paper aims to conduct a precise test of the political economy hypothesis linking income inequality and economic growth. By choosing covariates from a detailed county-level dataset and assuming that U.S. counties experience perfect capital mobility, I shut off the four possible channels...
Persistent link: https://www.econbiz.de/10009429051
With states facing tightening Medicaid budgets, the high cost of financing long-term care for the elderly through Medicaid has prompted proposals to make private long-term care insurance (LTCI) more affordable through tax incentives. The effectiveness of tax incentives for stimulating LTCI...
Persistent link: https://www.econbiz.de/10009439040
This paper examines the impact of declines in adult mortality on growth in an overlapping generations model. With public education and imperfect annuity markets, a decline in mortality affects growth through three channels. First, it raises the saving rate and thereby increases the rate of...
Persistent link: https://www.econbiz.de/10009447922
considered three adverseimpacts of population growth on savings and capital formation........ …
Persistent link: https://www.econbiz.de/10009475530
Unlike the prediction of a frictionless open economy model, long-term average savings and investment rates are highly … that the calibrated model with both frictions produces a savings–investment correlation and a volume of capital flows close …
Persistent link: https://www.econbiz.de/10009476626
changes in household savings are negatively related to exogenous income shocks, with this relationship strongest for low … exchange rates, as well as community-level variations in wage and pension arrears, to identify exogenous shocks to household … household which experiences an exogenous shock of 10% of its total income changes both its food and total non …
Persistent link: https://www.econbiz.de/10009477527
(1990). This particular feature enables us to isolate the effect of risk aversion on precautionary savings. Furthermore, I … intertemporal distortions on precautionary savings in finite and infinite horizon models of a small open economy. The effects of … of shocks on precautionary savings and verify that these are qualitatively identical to the ones observed with CES …
Persistent link: https://www.econbiz.de/10009450605
-period dynamic model that under certain conditions nonbank intermediation increases an economy's savings mobilization and contributes … to banks in financial intermediation, increased the savings mobilization, and in the end contributed to the economic …
Persistent link: https://www.econbiz.de/10009451225
This paper considers savings, investment and economic growth for India using annual time series data for the period …
Persistent link: https://www.econbiz.de/10009457634