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about the evolution and dynamics of output growth? Largely, no. Second, the existence and magnitude of output externalities …
Persistent link: https://www.econbiz.de/10014023732
Although ideas production plays a critical role for growth, there has been only a modicum of research on the role … played by financial forces in fostering new inventions. Drawing on Schumpeterian growth theory, this paper tests the roles of … framework, on the other hand, curbs innovative production. Schumpeterian growth ; financial development ; venture capital …
Persistent link: https://www.econbiz.de/10009553016
Empirical growth regressions typically include mean years of schooling as a proxy for human capital. However, empirical … growth, our results suggest that mean years of schooling is not a statistically relevant variable in growth regressions …
Persistent link: https://www.econbiz.de/10009681433
countries, the financial openness policy in the Non-GCC countries have reduced the benefits of FDI on growth, this finding is …
Persistent link: https://www.econbiz.de/10011496344
We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through …, growth affects trade, directly through changes in country size and indirectly through altering the incidence of trade costs …. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …
Persistent link: https://www.econbiz.de/10011298529
The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...
Persistent link: https://www.econbiz.de/10011305273
This paper examines the relationship between trade (exports), growth, and inequality, using a panel of 100 countries … of trade (exports) on growth. The findings are that in general trade openness advances growth while inequality reduces … growth. However, when we identify an inequality threshold, we find that inequality is positively associated with growth if …
Persistent link: https://www.econbiz.de/10010465444
The present study aims to investigate the financial liberalisation and growth nexus in Pakistan by using the FM … financial development promotes the economic growth of the country. Moreover, Investment, human capital, trade openness and … government expenditure are also significant contributors to economic growth. …
Persistent link: https://www.econbiz.de/10012814294
An influential paper by Berg et al., 'Redistribution, inequality, and growth: new evidence', uses the SWIID data to … examine the impact of inequality and redistribution on growth in both developing and developed countries. It finds that while … inequality is harmful for growth, redistribution does not hamper growth. This comment demonstrates that the redistribution and …
Persistent link: https://www.econbiz.de/10012299793
This research explores the origins of loss aversion and the variation in its prevalence across regions, nations and ethnic group. It advances the hypothesis and establishes empirically that the evolution of loss aversion in the course of human history can be traced to the adaptation of...
Persistent link: https://www.econbiz.de/10011912825