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We analyze the empirical relationship between growth, country size and tourism specialization by using a dataset …-groups considered in our analysis. Tourism appears to be an independent determining factor for growth, and the reason for that is … covering the period 1980-2003. We find that tourism countries grow significantly faster than all the other sub …
Persistent link: https://www.econbiz.de/10005049493
We analyze the empirical relationship between growth, country size and tourism specialization by using a dataset …-groups considered in our analysis. Tourism appears to be an independent determining factor for growth, and the reason for that is … covering the period 1980-2003. We find that tourism countries grow significantly faster than all the other sub …
Persistent link: https://www.econbiz.de/10005392521
determinants, we find that the growth performance for pegs was not different from that of floats during the crisis. The picture is … different for the recovery period 2010–2011, as pegs appear to be faring worse, with growth recovering more slowly than floats … the trade and financial channels are important determinants of growth performance during the crisis, while only the trade …
Persistent link: https://www.econbiz.de/10010577867
Summary This paper analyses the extent and impact of structural changes on aggregate economic growth that occurred in … order to evaluate the impact of broader sectoral shifts on GDP growth, focusing on the period 1995-2011. A decomposition of … aggregate GDP/GVA growth using the shift and share analysis shows a distinct North-South pattern of growth and restructuring …
Persistent link: https://www.econbiz.de/10010820199
globalization as well as sub-indexes constructed to measure the single dimensions on economic growth are analyzed empirically. The … results show that globalization promotes growth - but not to an extent necessary to reduce poverty on a large scale. The … dimensions most robustly related with growth refer to actual economic flows and restrictions in developed countries. Although …
Persistent link: https://www.econbiz.de/10005556005
This paper decomposes the large regression residuals of income across 84 U.S. Native American economies (USNAEs) into Solow and Solow-like parts. Decomposition is accomplished algebraically. The calculations find a weak to negative correlation between income and Solow residuals, and a strong...
Persistent link: https://www.econbiz.de/10005118791
The economic history of Argentina presents one of the most dramatic examples of divergence in the modern era. What happened and why? This paper reviews the wide range of competing explanations in the literature and argues that, setting aside deeper social and political determinants, the various...
Persistent link: https://www.econbiz.de/10011083510
This paper tests the relationship between trade and economic growth for the case of Romania, during 1998-2004. We …, export-led-growth hypothesis is verified. Bi-directional causality found for exports and output in the case of Czech Republic … and EU 15 is implying a virtuous circle of growth and exports, case that should be desirable for all the countries from …
Persistent link: https://www.econbiz.de/10005790475
We investigate the relationship between tourism specialization and economic growth. We deviate from previous studies … once the potential of tourism-led growth has been exhausted. … - which have reported mixed evidence - by allowing the relationship to take a nonlinear form. We find that tourism …
Persistent link: https://www.econbiz.de/10008511776
From 1980 to 1992, emerging and developing countries grew by 3.4 percent per year. Their annual rate of growth … increased to 5.4 percent between 1993 and 2012. No such increase occurred for advanced nations, whose average growth from 1980 … embracing discipline--sustained commitment to a pragmatic and flexible growth strategy. Three illustrations of discipline …
Persistent link: https://www.econbiz.de/10010950775