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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 sectors, or because they are subject to greater investment …
Persistent link: https://www.econbiz.de/10012727281
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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 in Nigeria over the period 1981 to 2017. The study used the autoregressive distributed lag (ARDL) model to analyze the long-run and short-run relationships between the...
Persistent link: https://www.econbiz.de/10012021957
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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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Remittances and Financial Development : Substitutes or Complements in Economic Growth?
Bettin, Giulia - 2008
A recent study by Giuliano and Ruiz-Arranz (2006) has provided evidence of substitutability between remittances and financial development in fostering economic growth in developing countries. In this paper, we introduce a new qualitative inefficiency indicator of the domestic banking system and...
Persistent link: https://www.econbiz.de/10012723430
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Does Openness Matter for Financial Development in Africa?
David, Antonio C. - 2014
This paper analyzes the links between financial and trade openness and financial development in Sub-Saharan African (SSA) countries. It is based on a panel dataset using methods that tackle slope heterogeneity, cross-sectional dependence and non-stationarity, important econometric problems that...
Persistent link: https://www.econbiz.de/10013050666
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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 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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The Linkages Between FDI and Domestic Investment : Unravelling the Developmental Impact of Foreign Investment in Sub-Saharan Africa
Ndikumana, Leonce; Verick, Sher - 2021
While the recent increase in foreign direct investment (FDI) to African countries is a welcome development, the … the impact of FDI on development is through its effects on domestic factor markets, especially domestic investment and … employment. In this context, this study analyses the two-way linkages between FDI and domestic investment in Sub-Saharan Africa …
Persistent link: https://www.econbiz.de/10013325168
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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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ARDL analysis of remittance and per capita growth nexus in oil dependent economy : the Nigeria's experience
Rotimi, Mathew; Doorasamy, Mishelle; Joshua, Udi; … - In: International journal of business and economic sciences … 15 (2022) 3, pp. 38-51
Purpose: Remittance is essential to economic wellbeing, Realising this fact, this study examined, within the optimist theoretical framework, whether international remittances significantly impact per capita economic growth in Nigeria. Design/methodology/approach: Employing annual time series...
Persistent link: https://www.econbiz.de/10014281277