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Empirical results on the link between financial development and economic growth is mixed in Turkey. However, existing … extended periods. As a consequence of such instabilities, Turkish economy has shown frequent growth accelerations and collapses … the role of overall macroeconomic instability and public borrowing on finance-growth nexus in Turkey by using time series …
Persistent link: https://www.econbiz.de/10010850449
the link between economic growth and structural transformation in Turkey. The study begins by reviewing and evaluating the … economic growth on the basis of a multi–sector growth model. The study compares the structural transformation process in Turkey …-sectoral economic policy suggestions in order to raise economic growth. …
Persistent link: https://www.econbiz.de/10010885051
aggregate labor supply and savings. Next, we turn to economic growth and describe how accounting for families is central for …
Persistent link: https://www.econbiz.de/10014024274
While South Africa’s growth performance has improved somewhat in recent years, it has generally been poor over the … past few decades. This article uses Chenery’s factor decomposition method to analyse the sources of growth in South … Africa from 1970 to 2007. Using input-output data, the growth of each subsector is decomposed into components associated with …
Persistent link: https://www.econbiz.de/10011133833
This study contributes in bridging the dichotomy between economic growth and business cycle paradigms by providing … dynamic characterisation of the link between economic growth, risk aversion, uncertainty and variability in industrial … variability of business cycle components aid to contract growth. In contrast, ambiguous relationship exists between variability of …
Persistent link: https://www.econbiz.de/10011100028
This paper presents a small macroeconomic model describing the main mechanisms of the process of credit creation by the private banking system. The model is composed of a core unit - where the dynamics of income, credit, and aggregate demand are determined - and a set of sectoral accounts that...
Persistent link: https://www.econbiz.de/10010513076
This article challenges recent findings that democracy has sizable effects on economic growth. As extensive political … called endogenous, and those grounded in reasons more exogenous to economic growth. The behavior of economic growth following … these more exogenous democratizations strongly indicates that democracy does not cause growth. Consequently, the common …
Persistent link: https://www.econbiz.de/10011535771
immigration in Europe. Can refugee immigration promote long-term per-capita growth? How are the drivers of per …-capita growth in the host country and that the growth is higher if immigrants are relatively young and have sufficiently high … qualifications. Further, capital inflowsare a prerequisite for boosting per-capita growth. These findings can inform the migration …
Persistent link: https://www.econbiz.de/10012542223
This article challenges recent findings that democracy has sizable effects on economic growth. As extensive political … called endogenous, and those grounded in reasons more exogenous to economic growth. The behavior of economic growth following … these more exogenous democratizations strongly indicates that democracy does not cause growth. Consequently, the common …
Persistent link: https://www.econbiz.de/10011521223
This paper presents a small macroeconomic model describing the main mechanisms of the process of credit creation by the private banking system. The model is composed of a core unit - where the dynamics of income, credit, and aggregate demand are determined - and a set of sectoral accounts that...
Persistent link: https://www.econbiz.de/10010188745