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The impact of financial development (FD) on economic growth (EG) is well documented. However, studies on how inflation mediates the impact of FD on EG produce inconclusive findings. Meanwhile, the tripartite relationship among FD, inflation and EG is particularly crucial for sub-Saharan African...
Persistent link: https://www.econbiz.de/10013431455
This paper constructs a model of growth based on Adam Smith's notions of specialization and extent of the market. We seek to explain the following stylized facts. 1) The share of household production in total output has fallen over time as the economy has grown. 2) Services as a percent of GDP...
Persistent link: https://www.econbiz.de/10013110580
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This paper investigates the relationship between tax structures and economic growth in a panel of developed and … Dataset (GRD) from the International Centre for Tax and Development (ICTD), we consider the effects of revenue-neutral changes … in tax structure on economic growth for a panel of over 100 countries with data covering the period 1980-2010. Results …
Persistent link: https://www.econbiz.de/10013047370
A wealth of new data have been unearthed in recent years on African economic growth, wages, living standards, and taxes. In The Wealth and Poverty of African States, Morten Jerven shows how these findings transform our understanding of African economic development. He focuses on the central...
Persistent link: https://www.econbiz.de/10013272587
This research explores the effects of culture on technological diffusion and economic development. It shows that culture's direct effects on development and barrier effects to technological diffusion are, in general, observationally equivalent. In particular, using a large set of measures of...
Persistent link: https://www.econbiz.de/10011528503
This paper analyzes the impact of information and communication technologies (ICT) on economic growth in developing, emerging and developed countries. It is based on a sample of 59 countries for the period 1995 to 2010. Various panel data regressions confirm the positive relationship between ICT...
Persistent link: https://www.econbiz.de/10010458249