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show a significant impact of openness on productivity growth. We find also an effect, significant at the ten per cent level …This paper investigates the impact of openness to trade and higher levels of human capital on the economies of some … MENA countries. To answer the question: whether either human capital or openness can be shown to cause productivity, we use …
Persistent link: https://www.econbiz.de/10010262187
growth, and find that it has a robust negative effect on GDP growth. This link coexists with the negative link between … variance and growth typically found in the literature. To explain the link between crises and growth we present a model where … weak institutions lead to severe financial constraints and low growth. Financial liberalization policies that facilitate …
Persistent link: https://www.econbiz.de/10010261177
This paper discusses some puzzles in the contemporary macroeconomic scene in India, from the perspective of public finance and economic development. These include a fiscal deficit higher than it was during the 1991 crisis, but without a large current account deficit or rise in inflation or...
Persistent link: https://www.econbiz.de/10011520530
According to theory, financial openness (FO) increases growth. The literature often conditions the growth effect of FO … on favorable collateral environment. However, this can conceal the actual growth benefits of FO. This paper contributes … to the literature by investigating the unconditional growth effect of FO, measured as de facto international financial …
Persistent link: https://www.econbiz.de/10014307771
that formal aspects of financial openness generate a strongly positive impact on economic growth and its sources …, productivity growth and capital accumulation. Moreover, there is evidence of a positive contribution to the process stemming from …
Persistent link: https://www.econbiz.de/10010311699
that formal aspects of financial openness generate a strongly positive impact on economic growth and its sources …, productivity growth and capital accumulation. Moreover, there is evidence of a positive contribution to the process stemming from … financial integration on country groups within the EU. -- Financial integration ; economic growth ; productivity ; European …
Persistent link: https://www.econbiz.de/10009510726
that formal aspects of financial openness generate a strongly positive impact on economic growth and its sources …, productivity growth and capital accumulation. Moreover, there is evidence of a positive contribution to the process stemming from …
Persistent link: https://www.econbiz.de/10011374352
that formal aspects of financial openness generate a strongly positive impact on economic growth and its sources …, productivity growth and capital accumulation. Moreover, there is evidence of a positive contribution to the process stemming from …
Persistent link: https://www.econbiz.de/10013108975
The business cycles of advanced economies are synchronized. Standard macro models fail to explain that fact. This paper presents a simple model of a two-country, two-traded-good, complete-financial-markets world in which country-specific productivity shocks generate business cycles that are...
Persistent link: https://www.econbiz.de/10012960598
The business cycles of advanced economies are synchronized. Standard macro models fail to explain that fact. This paper presents a simple model of a two-country, two-traded good, complete-financial-markets world in which country-specific productivity shocks generate business cycles that are...
Persistent link: https://www.econbiz.de/10014121891