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This paper analyzes the factors associated with economic growth in Myanmar by extending the Trade-FDI-led growth model with human capital and financial development through a Vector Error Correction Model (VECM). Vector Error Correction Model is a form of Vector Autoregressive, which has...
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Voluminous theoretical and empirical research shows that real exchange rate (RER) undervaluation could be conducive to economic development. Why do countries then often avoid the pursuit of policies that facilitate undervaluation or even intentionally pursue RER overvaluation? We address this...
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capital redistribution, as well as education, health and poverty-alleviation spending reduce the incentives for appropriation …
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evidence. This paper contributes to providing new worldwide evidence on the poverty reduction effect of democracy which we … countries from 1995 to 2015 shows that democracy does reduce poverty, although the size of the effect varies to poverty at … different poverty lines. Further studies show that the poverty reduction effect of democracy is robust to a number of …
Persistent link: https://www.econbiz.de/10014100210