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Following Max Weber, many theories have hypothesized that Protestantism should have favored economic development. With its religious heterogeneity, the Holy Roman Empire presents an ideal testing ground for this hypothesis. Using population figures of 272 cities in the years 1300–1900, I find...
Persistent link: https://www.econbiz.de/10011210862
This paper explores the non-linear relationship between financial development and economic growth. It mainly relies on the Panel Smooth Transition Regression (PSTR) model of Gonzalés et al. (2005) and three metrics of financial development to endogenously assess the impact of financial...
Persistent link: https://www.econbiz.de/10011271319
This paper aims at analyzing the determinants of services trade flows between Vietnam and European Union. In this respect, a gravity model has been estimated with panel data and pooled, random and fixed effect estimation covering the period of ten years from 2002 to 2011 for total services...
Persistent link: https://www.econbiz.de/10011271324
In this book the author analyses three very important aspects of transition: human resources, foreign investments and financial sector. At the beginning there is an analysis of investments in human resources. It starts by definition and types of human resources, and continues with definition of...
Persistent link: https://www.econbiz.de/10011271690
This article analyzes the relationship between growth and income distribution in developing countries. Three important hypotheses are scrutinized: The U-hypothesis, the absolute income hypothesis and the hypothesis of conflict between growth and a more equal income distribution. After a review...
Persistent link: https://www.econbiz.de/10011274390
Foreign aid has evolved considerably over the last five decades in response to a dramatically changing global political and economic context. This paper takes a retrospective look at this process and discusses whether aid has been effective in furthering economic growth and development. The...
Persistent link: https://www.econbiz.de/10011274393
The aim of this paper is to empirically examine the relationship between Oil revenues, government spending and GDP growth in the kingdom of Bahrain. Oil revenues are the main source of financing government expenditures and imports of products. Increasing oil prices in the recent years have...
Persistent link: https://www.econbiz.de/10011275135
Given the decline in growth momentum in the manufacturing sector in many OECD countries, the role of knowledge-based capital has emerged as a key driver for sustained growth. While empirical studies on estimating knowledge spillovers have usually been undertaken at the country level, the...
Persistent link: https://www.econbiz.de/10011251881
This paper develops a SAM database encompassing 6,002 representative Vietnamese households, mapping one-to-one with 16 aggregate households. The database is used to calibrate two Computable General Equilibrium (CGE) models with respectively 16 aggregate and 6,002 disaggregate households....
Persistent link: https://www.econbiz.de/10011253059
This study aims to estimate of Business or Formality Index (FI) for business households at provincial and district levels in the rural areas of Vietnam. In order to construct the FI, we implemented a survey of 900 business households in three provinces in Vietnam. Then we estimate the FI for...
Persistent link: https://www.econbiz.de/10011258618