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Sovereign nations grow faster than non-sovereign ones. When Pakistan ceded economic management to the IMF in the late … existence of the rule of law. As this can't be assumed in Pakistan, government must take a more prominent role in the economy …. Pakistan's economic difficulties arise from the lack of “agency” of its scholars and of “sovereignty” of the state. In this …
Persistent link: https://www.econbiz.de/10013240764
Investment growth in emerging market and developing economies has slowed sharply since 2010. This paper presents a comprehensive analysis of the causes and implications of this slowdown and presents a menu of policy responses to improve investment growth. It reports four main results. First, the...
Persistent link: https://www.econbiz.de/10011635504
A brief look at the prime macroeconomic variables affecting economic growth in the country confirms the key role of the Gross Domestic Savings in the process. This paper is an attempt to study the causal relationship between domestic saving and economic growth and the overall trend in gross...
Persistent link: https://www.econbiz.de/10012925717
The assumption of perfectly functioning labour markets is ubiquitous in growth theory, yet incompatible with equally ubiquitous poverty in developing countries' informal sectors. We argue that developing countries and high-income countries differ as in the former, induced by informal sector...
Persistent link: https://www.econbiz.de/10012949535
In this study unstable economic growth rate in North Cyprus is analyzed. Annual time series data between 1980 and 2018 were sourced from State Planning Office in North Cyprus. In this research dependent variable RGDP growth rate and independent variables total public debt, consumption,...
Persistent link: https://www.econbiz.de/10013250571
-differential effects of Foreign Direct Investment (FDI) and Domestic Investment (DI) among 41 selected African countries from 1970 to 2017 …. The result of Hausman test shows that PMG estimator is preferred. The study found that FDI and DI are important grease for … growth of African countries in the long-run. The study also found that inflows of FDI crowds-in DI in Africa and that there …
Persistent link: https://www.econbiz.de/10012178170
The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and ultimately unsustainable. But largely unnoticed, a shift has taken place. This paper examines the changes in investment patterns since 2003 and the potential impact of industrial...
Persistent link: https://www.econbiz.de/10012205874
The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and ultimately unsustainable. But largely unnoticed, a shift has taken place. This paper examines the changes in investment patterns since 2003 and the potential impact of industrial...
Persistent link: https://www.econbiz.de/10011657882
For the past nearly forty years, China has experienced average annual real GDP growth of close to ten percent, much of it driven by investment and capital accumulation. By 2014, gross capital formation had reached 46 percent of aggregate expenditures. This paper documents the role of investment...
Persistent link: https://www.econbiz.de/10011659322
This paper analyses the growth effects of capital formation, exports and FDI as major drivers of economic development …, and FDI bears substantial potential for fostering economic growth. It is shown that the recent worldwide recession clearly …
Persistent link: https://www.econbiz.de/10013135777