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We examine the (potentially nonlinear) relationship between inequality and growth using a method which does not require an a priori assumption on the underlying functional form. This approach reveals a plateau completely missed by commonly used (nonlinear) parametric approaches - the economy...
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Noting that "one size does not fit all" in the case of the finance-growth (FG) nexus, a growing body of literature has recently focused on uncovering economic conditions under which financial development could be beneficial (detrimental) to economic development. We look into these conditions by...
Persistent link: https://www.econbiz.de/10009752169
particular, we propose to test the Environmental Kuznets Curve (EKC) hypothesis for a panel of 24 OECD countries and 32 non …-OECD countries by developing a more flexible estimation technique which enables to account for functional form misspecification … semiparametric panel data model. Our results corroborates that the nature and validity of the income–pollution relationship …
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A panel data set covering 145 countries between 1960 and 2010 has been investigated closely by using models of … determinants, dependent on one or both status variables in a local estimation. Afterwards, the well-known Solow (1956) model serves …
Persistent link: https://www.econbiz.de/10010415473
This article uses a nonparametric varying coefficient panel data model to study the convergence of real GDP per capita … among 120 world economies for the sample period of 1980-2010. The estimates show that the indirect contribution of initial …
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