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China's march to prosperity : reforms to avoid the middle-income trap
Koen, Vincent; Herd, Richard; Hill, Sam - 2013
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10010231008
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Development threshold, capital flows, and financial turbulence
Ding, Ding; Jinjarak, Yothin - In: The North American Journal of Economics and Finance 23 (2012) 3, pp. 365-385
We study capital flows in a panel of 130 countries, and derive the implications for the observed patterns of capital flows and capital controls before and into the crisis of 2008–11. We find that the size of capital flows is positively correlated with country's income level. In addition,...
Persistent link: https://www.econbiz.de/10010588397
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Financial Liberalization and Growth in Ghana : An Application of the ARDL Bounds Testing Approach
Adam, Anokye M. - 2009
In this paper we examined the impact of the liberalization of financial sector on growth in small open economy of Ghana using time series data from 1970 to 2007. Using autoregressive distributed lag (ARDL) modelling approach we find long-run positive and significant impact of financial...
Persistent link: https://www.econbiz.de/10014210241
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Discovering the true Schumpeter: New insights into the finance and growth nexus
Bofinger, Peter; Geißendörfer, Lisa; Haas, Thomas; … - 2022
Joseph A. Schumpeter is one of the most famous economists of the 20th century and the 'patron saint' of the finance and growth literature. We have discovered that the prevailing literature has, however, misinterpreted Schumpeter, which leads to puzzling empirical results and difficulties in...
Persistent link: https://www.econbiz.de/10013207024
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Discovering the true Schumpeter : new insights into the finance and growth nexus
Bofinger, Peter; Geißendörfer, Lisa; Haas, Thomas; … - 2022
Joseph A. Schumpeter is one of the most famous economists of the 20th century and the ’patron saint’ of the finance and growth literature. We have discovered that the prevailing literature has, however, misinterpreted Schumpeter, which leads to puzzling empirical results and difficulties in...
Persistent link: https://www.econbiz.de/10013201693
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Financial Development, Technological Progress and Economic Growth
Ductor, Lorenzo - 2016
This paper contributes to the empirical literature on the non-trivial relationship between financial development and … economic growth. Based on panel data from 98 developed and developing countries, we show that for smooth economic development … relationship between financial development and economic growth …
Persistent link: https://www.econbiz.de/10013008316
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Remittance and economic growth nexus in Nigeria : does financial sector development play a critical role?
Anetor, Friday Osemenshan - In: International journal of management, economics and … 8 (2019) 2, pp. 116-135
The purpose of the study was to examine the relationship between remittances, financial sector development, and … economic growth both in the long-run and short-run. The study also established that financial sector development has a negative … of complementarity between remittances and financial sector development in influencing economic growth. In addition …
Persistent link: https://www.econbiz.de/10012021957
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How does quality of institutions affect the impact of trade openness on economic growth of Ghana?
Duodu, Emmanuel; Baidoo, Samuel Tawiah - In: Cogent economics & finance 8 (2020) 1, pp. 1-19
Developing countries, of which Ghana is no exception have actively engaged in trade openness after independence, yet, their economic growth remains low and this calls for urgent attention to address the situation. This study therefore examines the impact of trade openness on economic growth of...
Persistent link: https://www.econbiz.de/10013179542
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Remittances and Financial Development : Substitutes or Complements in Economic Growth?
Bettin, Giulia - 2008
financial development in fostering economic growth in developing countries. In this paper, we introduce a new qualitative … development and institutional quality indicators …
Persistent link: https://www.econbiz.de/10012723430
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Legal Institutions, Sectoral Heterogeneity, and Economic Development
Clementi, Gian Luca - 2008
A large body of evidence suggests that poor countries tend to invest less (have lower PPP - adjusted investment rates) and to face higher relative prices of investment goods. It has been suggested that this happens either because these countries have lower TFP in the investment - good producing...
Persistent link: https://www.econbiz.de/10012727281