Showing 1 - 10 of 16,520
active creation and implementation of innovations into production. As tools for overcoming the consequences of the crisis and …
Persistent link: https://www.econbiz.de/10011659884
Does international financial integration boost economic growth? The question has been discussed controversially for a long time. As of yet, robust evidence for a positive impact is lacking (Edison et al., 2002). However, there is substantial narrative evidence from economic history that...
Persistent link: https://www.econbiz.de/10010276748
economic growth of peripheral economies during the so-called first age of financial globalization before 1914. For this paper … globalization. Our temptative explanation for this marked difference between now and then stresses property rights protection as a …
Persistent link: https://www.econbiz.de/10011753111
In the first era of financial globalization (1880-1914), global capital market integration led to substantial net … capital movements from rich to poor economies. The historical experience stands in contrast to the contemporary globalization …
Persistent link: https://www.econbiz.de/10010299133
This paper identifies factors associated with takeoff - a sustained period of high growth following a period of stagnation. We examine a panel of 241 stagnation episodes" from 146 countries, 54 % of these episodes are followed by takeoffs. Countries that experience takeoffs average 2.3% annual...
Persistent link: https://www.econbiz.de/10010285304
2009 ist eine Diskussion darüber entbrannt, inwieweit die derzeitige Finanzkrise Einfluss auf die mittelfristigen … Zeitreihenmodellen abgeschätzt. Die Ergebnisse deuten darauf hin, dass das Niveau des Produktionspotenzials aufgrund der Finanzkrise … durch eine Stagnation des technischen Fortschritts verursacht wird. Die Auswirkungen der Finanzkrise auf die mittelfristige …
Persistent link: https://www.econbiz.de/10010427571
paper argues that globalization and openness are not entirely responsible for the recent Asian crisis. It can be argued … to lessons for other countries, and this in turn centres on the fundamental question: has globalization and …
Persistent link: https://www.econbiz.de/10010279383
less willing to run trade deficits in the post-financial-crisis world, can this growth model be sustained? Using panel data …
Persistent link: https://www.econbiz.de/10010286185
-specific data are analysed for the US$1.25 and US$2.50 level poverty headcount ratios using the most recent World Bank data. The …
Persistent link: https://www.econbiz.de/10010280101
This paper challenges the common view that exports generally contribute more to GDP growth than a mere change in export volume, as the export-led growth hypothesis predicts. Applying heterogeneous panel cointegration techniques to a production function model with non-export GDP as the dependent...
Persistent link: https://www.econbiz.de/10010281816