Showing 1 - 10 of 31,935
The purpose of this research is to estimate the dynamic impacts of foreign direct investments (FDI) and exports on economic growth in Peru (1970-2020) using annual series. Starting with the theoretical Mundell-Fleming static model with assumptions, we find that the change in exports does not...
Persistent link: https://www.econbiz.de/10013499178
Do more open financial economies grow faster? The short answer is yes, as long as certain policies are in place. This paper extends previous studies by analyzing how different legal protections interact with each other and with initial wealth to allow financial openness to enhance growth. I...
Persistent link: https://www.econbiz.de/10012728488
This paper contributes to the empirical literature on the non-trivial relationship between financial development and … economic growth. Based on panel data from 98 developed and developing countries, we show that for smooth economic development … relationship between financial development and economic growth …
Persistent link: https://www.econbiz.de/10013008316
The recent financial crisis in East Asia has generated a revival of interest in the merits of financial openness. The ensuing debate on the benefits of openness has focused more on short and medium run issues than on the long run effects. Within the empirical literature on economic growth,...
Persistent link: https://www.econbiz.de/10014130504
So-called "uphill capital flows", i.e. flows of physical capital from relatively poor to rich countries, are a new phenomenon with yet unclear impact. We develop a unified framework incorporating economic institutions, human capital and physical capital to study the interaction of international...
Persistent link: https://www.econbiz.de/10012696550
Persistent link: https://www.econbiz.de/10003386163
During the last years the relationship between financial development and economic growth has received widespread … attention in the literature on growth and development. This paper summarises in its first part the results of this research … development. The second part of the paper seeks to identify the determinants of financial development based on Diamond's theory of …
Persistent link: https://www.econbiz.de/10010330134
In this paper, we examine theoretically how corporate saving in emerging markets is contributing to global rebalancing. We consider a two-country dynamic general equilibrium model, based on Bacchetta and Benhima (2014), with a Developed and an Emerging country. Firms need to save in liquid...
Persistent link: https://www.econbiz.de/10010376442
Persistent link: https://www.econbiz.de/10012964373
This paper uses an overlapping generations model with international labor mobility and a politically responsive fiscal policy to examine aging in developed and developing regions. Migrant workers change the political structure composed of young and elderly voters in both labor-receiving and...
Persistent link: https://www.econbiz.de/10003845509