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The Least-Squares Monte Carlo model (LSM model) has emerged as the derivative valuation technique with the greatest impact in current practice. As with other options valuation models, the LSM algorithm was initially posited in the field of financial derivatives and its extension to the realm of...
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direct effect of openness on poverty reduction. The results also suggest that the impact of growth on poverty is greater for … transformation. The standard trade theory postulates that trade openness contributes to poverty alleviation directly by changing … the trade-to-grossdomestic-product ratio to measure openness often fail to find a direct effect of openness on poverty over …
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This paper investigates the influence of international openness on economic growth in a sample of 32 European economies …. The usual approach in the literature on the topic is to observe the impact of trade openness on growth. We, however … openness. Our research, in general, shows that openness is an important determinant of growth in a set of investigated …
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The role of regulatory quality as one of the so-called deep determinants of growth has emerged as an important issue in … economic research in the past 20 years. The positive or negative growth effects of a countryś regulatory framework are …. Therefore, the two potential determinants to growth might be interlinked. So far there is very little empirical evidence on the …
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This paper revisits the relationship between international trade and economic growth. We measure trade openness indices … growth. Openness in terms of final consumer goods turns out to be insignificant in most specifications. We also estimate … traditional cross country growth regressions where we use trade data to construct the two trade openness indices for 174 countries …
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