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Convergence, productivity and debt : the case of Hungary
Baksa, Dániel; Kónya, István - 2019
We study the role of productivity convergence and financial conditions in the recent growth experience of Hungary. We … build a stochastic, small-open economy growth model with productivity convergence, capital accumulation and external …
Persistent link: https://www.econbiz.de/10012107277
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Colombian Economic Growth, Investment and Saving : From 1954 to 2019 and Beyond
Esteban Posada, Carlos - 2019
This paper presents an interpretation of post-1953 Colombian economic growth and a discussion on future outcomes. The interpretation takes the form of a data playback guided by the decentralized equilibrium version of the Cass-Koopmans-Ramsey model. The role of technical change as a driver of...
Persistent link: https://www.econbiz.de/10012864372
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Capital flows and endogenous growth
Komarov, Evgenij - 2021 - This version: November 18, 2021
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
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Convergence at last? Evidence from Transition Countries
Polanec, Sašo - 2004
In this paper, we test the neoclassical growth model and its main prediction of conditional convergence of productivity …-1998 and 1998-2002 and confirm the convergence hypothesis only for the last period of transition, while in the early transition … results, however, should not yet be intepreted as a sign of a pfirmenent return to convergence in transition countries as they …
Persistent link: https://www.econbiz.de/10010313244
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Capital Flows and Growth across Developing Countries
Schroth, Josef - 2020
Foreign direct investment inflows are positively related to economic growth across developing countries — but so are savings in excess of investment. This paper develops an explanation for these known empirical findings by focusing on the limited availability of consumer credit in developing...
Persistent link: https://www.econbiz.de/10012852135
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A Human Capital Theory of Growth : New Evidence for an Old Idea
Breton, Theodore R. - 2014
In 1960 Theodore Schultz expounded a human capital theory of economic growth that includes three elements: 1) Countries without much human capital cannot manage physical capital effectively, 2) Economic growth can only proceed if physical capital and human capital rise together, and 3) Human...
Persistent link: https://www.econbiz.de/10013052248
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What Happens If Central Banks Misdiagnose a Slowdown in Potential Output
Bakker, Bas Berend - 2019
In the last few decades, real GDP growth and investment in advanced countries have declined in tandem. This slowdown was not the result of weak demand (there has been no shift along the Okun curve), but of a decline in potential output growth (which has shifted the Okun curve to the left). We...
Persistent link: https://www.econbiz.de/10012859859
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Are Net FDI Flows and Reversals of Capital Flows a Result of Output Growth?
Aharonovitz, Gilad D.; Miller, James - 2009
Literature notes many factors as affecting capital flows, but the effects of these flows over the recipient economies and the overall effect over growth are highly debatable. This study claims that although capital flows may be required for the increase in output, other forces are causing this...
Persistent link: https://www.econbiz.de/10014200026
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How Does Openness to Capital Flows Affect Growth?
Rappaport, Jordan - 2013
neoclassical growth model to match real world observables including the transition paths of convergence speed, the shadow value of …
Persistent link: https://www.econbiz.de/10014129819
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The impact of foreign direct investment on Namibia’s economic growth : a time series investigation
Sunde, Tafirenyika - In: Cogent economics & finance 11 (2023) 1, pp. 1-15
The current study investigates the impact of foreign direct investment on the growth of Namibia's economy from 1990 to 2020 using the ARDL cointegration method. The results reveal that FDI, the interactive variable of FDI and trade openness, and other macroeconomic variables such as domestic...
Persistent link: https://www.econbiz.de/10014500822