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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
This study investigates the impact of tax revenue on economic growth in the context of increasing trade openness in developing countries by using the data of 29 developing countries with accelerating economic growth during the period 2000-2020. This study further applies the Fixed Effect Model...
Persistent link: https://www.econbiz.de/10014504983
focus on LICs, macroeconomic policies in Africa prior to the crisis. It then discusses factors behind ‘the Africa surprise …
Persistent link: https://www.econbiz.de/10013131525
countries in Sub Saharan Africa (SSA). Design/methodology/approach - This study made use of annual data for the period of 1974 …
Persistent link: https://www.econbiz.de/10012839374
the resource curse hypothesis apply to Africa? If so, what are its major channels? Our hypothesis is that governance is … much more important in Africa than in other regions because of non-democratic and unstable political environments, which … resources in governance and economic growth in Africa …
Persistent link: https://www.econbiz.de/10012942596
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
Persistent link: https://www.econbiz.de/10011337836
Persistent link: https://www.econbiz.de/10011337841
We construct and estimate a unified model combining three of the main sources of cross-country income disparities:[...]
Persistent link: https://www.econbiz.de/10009486844
Recent empirical studies have found a robust correlation between competitive exchange rates and economic growth in developing economies. This paper presents (i) a formal model to help explain these findings and (ii) econometric evidence on the relation between investment and the real exchange...
Persistent link: https://www.econbiz.de/10009273104