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Backwardness advantage and economic growth in the information age : a cross-country empirical study
Vu, Khuong; Asongu, Simplice - 2020
derives theoretical grounds from the existing economic models to support the hypothesis that the internet, inter alia, enables … evidence to show that the growth landscape has indeed shifted decisively in favor of developing countries in the Internet Age … gains from internet adoption in comparison to the average advanced country. The paper discusses policy implications from the …
Persistent link: https://www.econbiz.de/10012251917
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Does Public Investment Enhance Labor Productivity Growth in Argentina? A Cointegration Analysis
Ramirez, Miguel D. - 2009
This paper addresses the important question of whether public investment spending on economic infrastructure enhances economic growth and labor productivity in Argentina. Following the lead of the endogenous growth literature, it presents a simple modified production function that explicitly...
Persistent link: https://www.econbiz.de/10014211529
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Private Credit Development and Economic Growth In Transition Economies
Bakardzhieva, Damyana - 2009
This research compares the links between the economic growth and the development of banking credit for the private sector in three transition economies. The empirical results confirm the choice of a case-by-case analytical and time series econometrical approach. Each country has its own...
Persistent link: https://www.econbiz.de/10013156628
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Stock Markets, Banks and Economic Growth: Time Series Evidence from South Africa
Ndako, Umar Bida - In: The African Finance Journal 12 (2010) 2, pp. 72-92
The paper examines the causal relationship between stock market development and economic growth in South Africa while controlling for the effect of banking variable. It applies vector error correction model (VECM), generalized impulse response function (GIRF) and variance decomposition (VDC). In...
Persistent link: https://www.econbiz.de/10008691672
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Substitution or complementary effects between banking and stock markets: Evidence from financial openness in Taiwan
Cheng, Su-Yin - In: Journal of International Financial Markets, … 22 (2012) 3, pp. 508-520
This study uses quarterly data from 1973 to 2007 to investigate the influence of financial institutions on economic growth in Taiwan. We find that the breakpoint obtained by Gregory and Hansen (1996) appears in the third quarter of 1982, which coincides with the period of financial openness. In...
Persistent link: https://www.econbiz.de/10010572107
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Military expenditure and economic growth across different groups: A dynamic panel Granger-causality approach
Chang, Hsin-Chen; Huang, Bwo-Nung; Yang, Chin Wei - In: Economic Modelling 28 (2011) 6, pp. 2416-2423
Applying GMM (Arellano and Bond, 1991) to panel data of 90 countries spanning over 1992–2006, this paper explores …
Persistent link: https://www.econbiz.de/10010577127
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Taxes and Economic Growth in Developing Countries : A Dynamic Panel Approach
NANTOB, N'Yilimon - Volkswirtschaftliche Fakultät, … - 2014
. Mobilizing a dynamic panel data over the period 2000–2012 and using the system GMM estimator to address endogeneity issues, the …
Persistent link: https://www.econbiz.de/10011156993
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Public Debt and Growth
Woo, Jaejoon; Kumar, Manmohan S. - International Monetary Fund (IMF) - 2010
This paper explores the impact of high public debt on long-run economic growth. The analysis, based on a panel of advanced and emerging economies over almost four decades, takes into account a broad range of determinants of growth as well as various estimation issues including reverse causality...
Persistent link: https://www.econbiz.de/10008646412
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International Tourism and Economic Growth: a Panel Data Approach
Sequeira, Tiago Neves; Campos, Carla - 2005
On average, tourism-specialized countries grow more than others. This fact is inconsistent with economic theory as, in particular, endogenous growth theory suggests that economic growth is linked with: (1) sectors with high intensity in R&D and thus high productivity; (2) large scale. In this...
Persistent link: https://www.econbiz.de/10010312575
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Total factor productivity and the role of entrepreneurship
Erken, Hugo; Donselaar, Piet; Thurik, Adriaan R. - 2009 - Current version: May 2009
Total factor productivity of twenty OECD countries for a recent period (1971-2002) is explained using six different models based on the established literature. Traditionally, entrepreneurship is not dealt with in these models. In the present paper it is shown that – when this variable is added...
Persistent link: https://www.econbiz.de/10011378136