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Growth miracles and failures in a Markov switching classification model of growth
Kerekes, Monika - 2009
Acknowledging the fact that the growth experience of countries is seldom well described by the average growth rate, this paper aims at identifying countries that are similar in terms of their growth process, thus emphasizing the dynamics of growth rates. To that end, the growth experience of...
Persistent link: https://www.econbiz.de/10003876023
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The impact of foreign direct investment on economic growth : an empirical analysis of different effects in less and more developed countries
Brenner, Thomas - 2014
panel regressions. Effects on productivity growth, capital and labor inputs as well as innovation activities are … effects on innovation activities are found for the medium developed countries in the latter time period. Effects in less …
Persistent link: https://www.econbiz.de/10011303758
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Economic growth, financial development, and income inequality
Park, Donghyun; Shin, Kwanho - 2015
The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...
Persistent link: https://www.econbiz.de/10011305273
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Inequality Affects Long-Run Growth : Cross-Industry, Cross-Country Evidence
Gutierrez-Romero, Roxana - 2020
The theoretical literature has predicted that inequality affects long-run growth by reducing human and physical capital, particularly in the presence of imperfect credit markets and other contractual frictions. We test these four mechanisms using measures of inequality at the country-level,...
Persistent link: https://www.econbiz.de/10012835129
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Institutions Rule : The Primacy of Institutions Over Integration and Geography in Economic Development
Rodrik, Dani; Subramanian, Arvind; Trebbi, Francesco - 2021
We estimate the respective contributions of institutions, geography, and trade in determining cross-country income levels using recently developed instruments for institutions and trade. Our results indicate that the quality of institutions 'trumps' everything else. Controlling for institutions,...
Persistent link: https://www.econbiz.de/10013317779
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Was kostet die Krise? : Mittelfristige Wachstumsperspektiven in Deutschland, 2010-2014
Buchen, Teresa; Carstensen, Kai; Henzel, Steffen; … - 2010
2009 ist eine Diskussion darüber entbrannt, inwieweit die derzeitige Finanzkrise Einfluss auf die mittelfristigen … Zeitreihenmodellen abgeschätzt. Die Ergebnisse deuten darauf hin, dass das Niveau des Produktionspotenzials aufgrund der Finanzkrise … durch eine Stagnation des technischen Fortschritts verursacht wird. Die Auswirkungen der Finanzkrise auf die mittelfristige …
Persistent link: https://www.econbiz.de/10003952103
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Economic Growth, Convergence and Innovation in the EU Regions
Paas, Tiiu - 2012
The paper focuses on quantitative assessment of the innovation's role in explaining regional disparities and … convergence in Europe. The empirical part of the study bases on the regional GDP pc and innovation indicators on the EU-27 NUTS2 … level regions. Based on the selected set of initial regional innovation indicators and using the principal components factor …
Persistent link: https://www.econbiz.de/10013096316
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Government ideology in donor and recipient countries : does political proximity matter for the effectiveness of aid?
Dreher, Axel; Minasyan, Anna; Nunnenkamp, Peter - 2013
Political proximity between donor and recipient governments may impair the effectiveness of aid by encouraging favoritism. By contrast, political misalignment between donor and recipient governments may render aid less effective by adding to transaction costs and giving rise to incentive...
Persistent link: https://www.econbiz.de/10010128857
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Financial development, institutional quality and economic growth : evidence from ECOWAS countries
Appiah, Michael; Li, Fanglin; Frowne, Doreen Idan - In: Organizations and markets in emerging economies 11 (2020) 1, pp. 6-17
Most of the literature that explored the relationship between financial development and economic growth taking into consideration the roles played by institutional quality in the ECOWAS region still debates on the roles of institutional quality on economic growth. This study used data from...
Persistent link: https://www.econbiz.de/10012261901
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A further examination of the export-led growth hypothesis
Herzer, Dierk - 2010
This paper challenges the common view that exports generally contribute more to GDP growth than a mere change in export volume, as the export-led growth hypothesis predicts. Applying heterogeneous panel cointegration techniques to a production function model with non-export GDP as the dependent...
Persistent link: https://www.econbiz.de/10003947937