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and/or monetary stimuli to foster economic growth and thus, maximize the probability of re-election. Using a panel dataset … have an effect on growth. We find evidence to support the most recent studies showing that aid has a positive impact on … growth. We however, do not find evidence to support the proposition that institutional quality is a sine qua non conditional …
Persistent link: https://www.econbiz.de/10010494236
The current paper demonstrates a dichotomy of the growth response to changes in the barter terms of trade, employing as …
Persistent link: https://www.econbiz.de/10010280151
they have played significant roles in the region's slow and episodic economic growth. Results from cross …-country regressions covering 31 Sub-Saharan African countries suggest that growth in Africa is not simply a question of capital … growth of African economies does not depend so much on their ability to innovate, but rather on their capacity to absorb and …
Persistent link: https://www.econbiz.de/10010280171
growth and dynamic welfare with special reference to South Africa. While water may become a limiting factor for future … development in general, as a drought prone and water poor country with rapid population growth, South Africa may face more serious …
Persistent link: https://www.econbiz.de/10011406157
This paper argues that economic competition and political contestability are two key determinants of the successful development of the Swiss economy in the nineteenth and twentieth century. We describe how Switzerland evolved from a relatively poor country with no natural resources and net...
Persistent link: https://www.econbiz.de/10010273431
physical capital to study the interaction of international capital flows and growth. Analytically, we study conditions under … long-term growth via the accumulation of human capital. Our mechanism shows how a small initial difference in the level of …
Persistent link: https://www.econbiz.de/10012745132
growth. We use the EORA Multi-Region Input-Output tables to track the evolution of African countries along global value … local projection method to investigate the relationship between global value chains participation and growth, and provide … chains positively impacts their growth; a positive impact which is driven by trade in commodities, knowledge intensive good …
Persistent link: https://www.econbiz.de/10014483896
Unlike in Asia, the manufacturing sector has not (yet) become a driver of structural change in Africa. One common explanation is that the natural resource-focus of many African economies leads to Dutch disease effects. To test this argument for the case of newly found oil in Ghana we develop a...
Persistent link: https://www.econbiz.de/10010283292
This paper investigates the influence of international openness on economic growth in a sample of 32 European economies …. The usual approach in the literature on the topic is to observe the impact of trade openness on growth. We, however … empirical analysis we use the TSLS (two stage least squares) estimator, whereby in the first step we use the standard growth …
Persistent link: https://www.econbiz.de/10011310256
the current literature on the growth impacts of trade (by leading partner countries) often neglects the properties of … with considerable impacts of exports to EDE and AdE, exports to China have limited effects on the growth of its partners …. However, the recent financial crisis marks a turning point of China's role as a major driver of growth in the South. Namely …
Persistent link: https://www.econbiz.de/10012120814