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The theoretical literature has predicted that inequality affects long-run growth by reducing human and physical capital, particularly in the presence of imperfect credit markets and other contractual frictions. We test these four mechanisms using measures of inequality at the country-level,...
Persistent link: https://www.econbiz.de/10012835129
The number of studies seeking to empirically characterize the reduced-form relationship between a country economic growth and the quantity of pollutants produced in the process has recently increased significantly. In several cases researchers have found evidence pointing to an inverted-U...
Persistent link: https://www.econbiz.de/10014124435
growth for a selection of 200 economies around the world for the period 1990-2018. We subdivided the sample into World Bank … income group clusters to aid comparison across income blocs. The study employed panel estimation techniques including pooled … ordinary least squares (POLS), dynamic panel estimation with fixed-effects and random-effects and generalized method of moments …
Persistent link: https://www.econbiz.de/10012388218
system GMM to estimate research models. The estimation results show that there are threshold values of financial development …
Persistent link: https://www.econbiz.de/10014439689
Income inequality in many middle-income countries has increased at an alarming level. While the time series relationship between income inequality and economic growth has been extensively investigated, the causal and dynamic link between them, particularly for the middle-income countries, has...
Persistent link: https://www.econbiz.de/10012022305
collected from 44 developing countries of the world. System generalized method of moment was employed to examine the nature of …
Persistent link: https://www.econbiz.de/10013460262
Economic freedom and economic growth can be connected in most countries, but it is often necessary to specify those aspects of economic freedom that can foster economic growth. This paper examines the nexus between economic freedom and economic growth in the Least Developed Countries (LDCs)...
Persistent link: https://www.econbiz.de/10014427512
The theoretical literature has discussed different channels through which foreign direct investments (FDI) promote host country's economic growth, but empirical analyses have so far been inconclusive. In this paper we provide evidence that FDI have a positive and statistically significant growth...
Persistent link: https://www.econbiz.de/10013113327
The theoretical literature has discussed different channels through which foreign direct investments (FDI) promote host country's economic growth, but empirical analyses have so far been inconclusive. In this paper we provide evidence that FDI have a positive and statistically significant growth...
Persistent link: https://www.econbiz.de/10013125437
The theoretical literature has discussed different channels through which foreign direct investments (FDI) promote host country’s economic growth, but empirical analyses have so far been inconclusive. In this paper we provide evidence that FDI have a positive and statistically significant...
Persistent link: https://www.econbiz.de/10014177258