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This dissertation examines the role that institutions play in the existence of multiple equilibria in models of … dissertation presents an empirical test for the role that human capital and institutions may play in transitions between equilibria … probabilities. I find that political and economic institutions are similar in their effects on transitions arid that the time …
Persistent link: https://www.econbiz.de/10009447394
institutions.There is widespread agreement among most economists on the positive reinforcing linkbetween innovation and growth …. However, the importance of institutions as catalysts in thislink has not been adequately examined. The concept of innovation … innovation systems are used as a foundation to propose a newperspective on the role of institutions and a framework for …
Persistent link: https://www.econbiz.de/10009475905
This paper provides a comprehensive empirical assessment of the relation between the cyclicality of fiscal expenditure policy, output volatility, and economic growth, using a large cross-section of 88 countries over the period 1960 to 2004. Identification of the effects of (endogenous) cyclical...
Persistent link: https://www.econbiz.de/10009480897
Advocates of financial regulation, Arestis and Demetriades, argue that financial liberalisation does not impact on financial market efficiency and the allocation of investment. Results in this study find that Czech, Hungarian and Polish firms are subject to scrutiny when applying for credit. The...
Persistent link: https://www.econbiz.de/10009476848
The Czech Republic, Hungary and Poland all experienced an initial reduction in the number of industries and an increase in unemployment, once they moved to a market driven economy. Over time the unemployment problem reduced in significance though Poland still experiences high levels to date....
Persistent link: https://www.econbiz.de/10009476874
Results support Arestis’s theory, that low real interest rates do not prevent economic growth (though he related it to the regulation debate). Here in the deregulation environment, it also stands. Results also support Shaw’s assertion that financial liberalisation increases the monetary...
Persistent link: https://www.econbiz.de/10009476877
kausale Beziehung zwischen ausländischen Direktinvestitionen (DI) und Wirtschaftswachstum in 6 lateinamerikanischen Ländern … aufgeworfen, wie die Interaktion zwischen DI und inländischem Wirtschaftswachstum zu sehen ist. Auch wenn in der theoretischen als … auch empirischen Literatur signifikante Belege für eine Verbindung zwischen DI und Wirtschaftswachstum zu finden sind, so …
Persistent link: https://www.econbiz.de/10009476170
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Persistent link: https://www.econbiz.de/10010353250