insignificant. The accelerator effect of output growth was also found to be insignificant across the countries over the time period …

and creating job opportunities and achieving economic development. Subsequently, the importance of the investment comes …

This paper presents a model of development of an economy comprised of a rural-agricultural sector and an urban …

. For the fundamental strategy herding is optimal. The momentum strategy can result in suboptimal economic development, but …

, growth and productivity. Our motivation for studying the corporate governance challenges faced by Latin America partly arises …; the relationship between the development of particular industries and corporate governance systems; international evidence … and development. Also, institutional investors may play an important role in Latin American corporate governance …

financial development with economic growth. A recent theoretical literature offers a way of reconciling these two sets of … that systems may be related to stages of economic development. The paper summarizes a first empirical study that reports an … association between financial/corporate systems, types of activity and stages of economic development. The paper considers the …

A “lost decade” refers to an extended period of low or negative growth triggered by an economic crisis and that could … growth in the long term, they need to be accompanied by much stronger cyclical policies, especially given the recessionary …

countries' stages of economic development. For example, bank oriented systems are associated with higher growth of externally … there is a relation in terms of both industry growth rates and shares of output devoted to R&D. Investment in R&D rather …. Consistent with theories of financial development, relations between financial systems and economic activity are sensitive to …