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Disasters and development: Natural disasters, credit constraints and economic growth
McDermott, Thomas K. J.; Barry, Frank; Tol, Richard S. J. - 2011
We demonstrate, using a simple two - period equilibrium model of the economy, the potential effects of extreme event … focus on the effect of such shocks on investment. We examine two polar cases; an economy in which agents have unconstrained … access to capital markets, versus a credit - constrained version, where the economy is assumed to operate in financial …
Persistent link: https://www.econbiz.de/10010392509
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Infrastructure policy in Japan
Simonis, Udo E. - In: Japan - economic and social studies in development: a …, (pp. 53-85). 1974
Persistent link: https://www.econbiz.de/10011295046
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Climate change, economic growth, and health
Ikefuji, Masako; Magnus, Jan R.; Sakamoto, Hiroaki - 2010
This paper studies the interplay between climate, health, and the economy in a stylized world with four heterogeneous …
Persistent link: https://www.econbiz.de/10010332438
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Analyzing the stock markets role as a source of capital formation in Pakistan
Kanasro, Hakim Ali; Junejo, Mumtaz Ali; Junejo, Mansoor … - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 5 (2011) 2, pp. 273-282
This paper is to examine the stock markets role in the capital formation in Pakistan from the period 1st January 2001 to 31st December 2008. This analytical study is based on the data collected from the secondary sources such as State Bank of Pakistan and three stock exchanges; Karachi, Lahore...
Persistent link: https://www.econbiz.de/10011938288
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Coordination Failure in Technological Progress, Economic Growth and Volatility
Li, Mei - 2007
Technological progress has long been posited to be crucial in a country's economic growth. This paper argues that coordination failure in a country's new technology investment can be one of the barriers in a country's capital accumulation and economic growth. The global game established by...
Persistent link: https://www.econbiz.de/10011940761
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[Sigma]: the long and short of it
Chirinko, Robert S. - 2008
Research on the elasticity of substitution between capital and labor - ó - has been proceeding for 75 years. While there is clearly a strong case for the importance of ó in the analysis of growth and other economic issues, much less agreement exists on the value of ó. This paper offers some...
Persistent link: https://www.econbiz.de/10010264314
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Why economic growth trends differ so much across developing countries: the globalization debate and its relevance to Pakistan
Nunnenkamp, Peter - 2002
The claim of globalization critics that the income gap to industrial countries is bound to widen for essentially all developing countries as a consequence of economic globalization is in conflict with empirical evidence. Economic performance differs tremendously across developing countries. We...
Persistent link: https://www.econbiz.de/10010265520
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Why Germany has such a weak growth performance
Siebert, Horst - 2003
Germany has had an extremely low growth performance since 1995. The paper looks at the long-run reasons for this loss of economic dynamics besides German unification: These include leaving labor idle, a declining share of investment in GDP, a weaker innovative activity, an ineffective system for...
Persistent link: https://www.econbiz.de/10010265594
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Climate change and economic growth: Some critical reflections
Greiner, Alfred - 2022
Empirical studies analyzing the effect of climate change on output growth sometimes neglect economic variables. This yields a biased picture of the growth process and does not represent a good approximation of the true data generating process. Thus, the question arises how valid the results are...
Persistent link: https://www.econbiz.de/10014565900
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A Remark on the Form of Accumulation Functions in Economic Growth Models
Yetkiner, I. Hakan - 2012
This study is a short note designed to underline the importance of using the theoretically required form of accumulation functions. It is now a common knowledge that a growth model must rely on non-diminishing returns to a factor of production in order to generate endogenous growth. In Lucas...
Persistent link: https://www.econbiz.de/10011807214