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obsolete and make business service outsourcing via cross-border trade more feasible. Although the (service-led) growth … to trade commercial- and specialized business services on long-run growth by applying a dynamic panel data approach to … account for unobserved country specific effects and endogenous growth determinants. The system GMM estimates validate that a …
Persistent link: https://www.econbiz.de/10010291838
We examine empirically the effect of natural resource abundance on economic growth. We find that natural resources have … a negative impact on growth when considered in isolation, but a positive impact on growth when including in the analysis … indirect effect on growth, that is, when we examine possible transmission channels, we find a strong negative effect of natural …
Persistent link: https://www.econbiz.de/10011325038
The effect of business tax and regulation on growth, together with potential effects of government spending on … education and R&D, is embodied in a model of a small open economy with growth choices. The structural model is estimated on post … regressions of growth. Statistical rejection can occur at either the structural or the growth regression stage. The models …
Persistent link: https://www.econbiz.de/10010322775
the size of government and on other key economic variables, including the consumption-wealth ratio, the growth rate of … because of risk sharing. The theoretical results for the growth rate depend on differences in productivity and in consumption …
Persistent link: https://www.econbiz.de/10010324295
Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...
Persistent link: https://www.econbiz.de/10010324788
The purpose of this paper is to assess whether the banking system, over and beyond its credit function, has a significant impact on per capita GDP by providing means of payment. An annual database of 85 countries spanning the 1980-2008 period is exploited to this end. On the descriptive front,...
Persistent link: https://www.econbiz.de/10010325088
growth opportunities. Also,higher accountability and lower income inequality are associated with more ef-fective legal …
Persistent link: https://www.econbiz.de/10010325212
Cross-country growth regressions have in recent years become a major growth industry. The most common purpose of this … work has been to investigate the determinants of economic growth. But it is also possible to use the existing growth data … to determine the extent to which policy choices help or hinder growth. This paper generates estimates of the net …
Persistent link: https://www.econbiz.de/10010332290
. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyze the effects on inflation …
Persistent link: https://www.econbiz.de/10011604661
growth and the quantity of various pollutants produced has recently increased significantly. In several cases researchers …
Persistent link: https://www.econbiz.de/10011608466