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Persistent link: https://www.econbiz.de/10010485824
This paper uses the OECD's indicators of product market regulation to assess the extent to which the regulatory … environment affects economic performance across Indian states. The degree to which product market regulation is supportive of … regulation have a significant impact on both labour and total factor productivity. States in which the regulatory environment …
Persistent link: https://www.econbiz.de/10012445595
Modern paper currency contributes little to productive investment. This shortcoming is not inherent to paper money. It stems from the fact that such money is monopolistically supplied by public monetary authorities that are poor intermediaries. Commercial banknotes, in contrast, are just as...
Persistent link: https://www.econbiz.de/10014222811
The literature on aid effectiveness has focused more on recipient policies than the determinants of aid allocation yet a consistent result is that political allies obtain more aid from donors than non-allies. This paper shows that aid allocated to political allies is ineffective for growth,...
Persistent link: https://www.econbiz.de/10003775820
Persistent link: https://www.econbiz.de/10003863398
This paper shows that bank competition has an intrinsically ambiguous effect on capital accumulation and economic growth. We further demonstrate that banking market structure can be responsible for the emergence of development traps in economies that would otherwise be characterized by unique...
Persistent link: https://www.econbiz.de/10003864581
problems, excessive regulation, administrative costs and local capture. Using panel data for up to 59 countries, we find that …
Persistent link: https://www.econbiz.de/10003851118
We investigate whether a causal interpretation of the robust association between cognitive skills and economic growth is appropriate and whether cross-country evidence supports a case for the economic benefits of effective school policy. We develop a new common metric that allows tracking...
Persistent link: https://www.econbiz.de/10003920009
The micro-macro paradox has been revived. Despite broadly positive evaluations at the micro and meso-levels, recent literature doubts the ability of foreign aid to foster economic growth and development. This paper assesses the aid-growth literature and, taking inspiration from the program...
Persistent link: https://www.econbiz.de/10008663071
The historical fertility transition is the process by which much of Europe and North America went from high to low fertility in the nineteenth and early twentieth centuries. This transformation is central to recent accounts of long-run economic growth. Prior to the transition, women bore as many...
Persistent link: https://www.econbiz.de/10008664560