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Persistent link: https://www.econbiz.de/10011513980
This paper discusses some puzzles in the contemporary macroeconomic scene in India, from the perspective of public finance and economic development. These include a fiscal deficit higher than it was during the 1991 crisis, but without a large current account deficit or rise in inflation or...
Persistent link: https://www.econbiz.de/10011520530
This paper is the first attempt to directly explore the long-run nonlinear relationship between theshadow economy and level of development. Using a dataset of 158 countries over the period from1996 to 2015, our results reveal a robust U-shaped relationship between the shadow economy sizeand GDP...
Persistent link: https://www.econbiz.de/10012889145
This study investigates the impact of institutional quality on Foreign Direct Investment (FDI) inflows using panel data for low, lower-middle, upper-middle and high-income countries for the sample period of 1996-2016 using the system Generalized Method of Moments (GMM). The empirical results...
Persistent link: https://www.econbiz.de/10011972651
The question of what really drives economic growth in sub-Saharan Africa (SSA) has been debated for many decades now …. However, there is still a lack of clarity on variables crucial for driving growth as prior contributions have been executed at … the backdrop of preferential selection of covariates in the midst several of potential drivers of economic growth. The …
Persistent link: https://www.econbiz.de/10013380603
economic growth of eleven Central and Eastern European (CEE or EU11) countries, including their real convergence to the … selected macroeconomic variables related to the EU enlargement on economic growth of the CEE countries is examined with the use … direct investment) turned out to be important drivers of GDP growth. …
Persistent link: https://www.econbiz.de/10012259712
This paper investigates the impact of financial development on economic growth in Pakistan using the Markov Switching … finance spurs growth. The result reveals that financial development augments economic growth in both high and low economic … growth regimes in Pakistan. However, the impact of financial development on economic growth is found to be relatively higher …
Persistent link: https://www.econbiz.de/10012219668
demonstrate how oil wealth may go hand in hand with structural change in the future. -- Transformation ; growth ; structural …
Persistent link: https://www.econbiz.de/10009570498
economic growth dynamics, and (ii) the relevance of value added from three economic sectors in modulating the established … effect of FDI on TFP and economic growth dynamics. The geographical and temporal scopes are respectively 25 Sub … Method of Moments. The following main findings are established. First, FDI has a positive effect on GDP growth, GDP per …
Persistent link: https://www.econbiz.de/10012798944
economic growth dynamics, and (ii) the relevance of value added from three economic sectors in modulating the established … effect of FDI on TFP and economic growth dynamics. The geographical and temporal scopes are respectively 25 Sub … Method of Moments. The following main findings are established. First, FDI has a positive effect on GDP growth, GDP per …
Persistent link: https://www.econbiz.de/10013311097