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increase of volatility lowers growth by up to 0.57 percentage points in a democracy, but raises growth by 1.74 percentage …
Persistent link: https://www.econbiz.de/10010228789
increase of volatility lowers growth by up to 0.57 percentage points in a democracy, but raises growth by 1.74 percentage …
Persistent link: https://www.econbiz.de/10013071293
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-varying parameter models that incorporate both stochastic volatility and a Heckman-type two-step estimation procedure that deals with …
Persistent link: https://www.econbiz.de/10011823990
a one standard deviation increase of volatility lowers growth by up to 0.52 percentage points in a democracy, but raises …
Persistent link: https://www.econbiz.de/10010939860
This paper estimates the impact of financial development on industry-level total factor productivity (TFP) growth using a largely unexploited panel of 77 countries with data for 26 manufacturing industries for the years 1963 to 2003. A significant relationship is found between financial...
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theory of development consistent with these three facts. I show that even when total factor productivity (TFP) growth and …
Persistent link: https://www.econbiz.de/10013141336
Persistent link: https://www.econbiz.de/10011577757