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This paper uses a production function to examine the channels through which remittances affect output per worker in 31 … Sub-Saharan Africa (SSA) countries from 1980-2010. We find that remittances directly increase output per worker if … remittances have increased human capital among the low-income nations, among the upper-middle-income nations, they have mostly …
Persistent link: https://www.econbiz.de/10011409201
This paper analyzes the effect of earned and unearned remittances on agricultural productivity in Nepal. This approach … differs from the existing practice of studying the impact of total remittances on socio-economic outcomes. In particular, we … disaggregate total remittances into earned and unearned remittances, and isolate their impacts on productivity-an individual …
Persistent link: https://www.econbiz.de/10012168774
The literature on the finance-growth nexus highlights the importance of the financial cycle for the estimation of potential output of an economy. We estimate potential output growth for the G-5 countries, as well as for 10 high- and middle-income Asian economies, using a multivariate model that...
Persistent link: https://www.econbiz.de/10011346261
In spite of being the second largest recipient of FDI in the world, China shows limited evidence of considerable FDI benefits on growth (Fan and Hu 2007; Luo 2007; Ran et al. 2007). Motivated by Alfaro et al.'s (2003) model, this study tests whether poor financial market development might be responsible...
Persistent link: https://www.econbiz.de/10013121874
This is the supplemental material to the paper titled "Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and The Distribution of Income." It includes additional theoretical and quantitative results. It also includes illustration for the numerical algorithm for our...
Persistent link: https://www.econbiz.de/10012844703
We propose a theory linking imperfect information to resource misallocation and hence to aggregate productivity and output. In our setup, firms look to a variety of noisy information sources when making input decisions. We devise a novel empirical strategy that uses a combination of firm-level...
Persistent link: https://www.econbiz.de/10013032125
A general equilibrium model featuring multiple realistic sources of financial frictions is developed to study how different constraints interact in equilibrium. We highlight, distinguish, and evaluate their differential impacts and rich interactions. The economic impact of financial inclusion...
Persistent link: https://www.econbiz.de/10012846881
We study the aggregate productivity effects of firm-level financial frictions. Credit constraints affect not only production decisions but also household-level schooling decisions. In turn, entrepreneurial schooling decisions impact firm-level productivities, whose cross-sectional distribution...
Persistent link: https://www.econbiz.de/10011586645
This paper analyzes the effect of the so-called 'brain drain' on economic growth through the channel of growth in total factor productivity. We analyze panel data that measure the severity of brain drain, which are from IMD and the U.S. National Science Foundation. Our analysis shows that...
Persistent link: https://www.econbiz.de/10013174011
This paper explores the links between economic growth and human development, identifying two chains, one from economic growth to human development, the other, from human development to economic growth. The importance of various links in each chain are explored empirically with the help of...
Persistent link: https://www.econbiz.de/10010369150