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export-orientated growth. We use a small open economy DSGE model with a tradable and a non-tradable sector to examine this … the Irish recovery is mostly export-driven with structural reforms playing a very minor role in stimulating growth in the …
Persistent link: https://www.econbiz.de/10011948264
This paper attempts a re-examination of the relationship between the output volatility and economic growth using an … proxy of macroeconomic volatility has negative effect on economic growth. The results appear to be stronger when we include … between economic growth and volatility for the developing countries. The financial development indicator indicates significant …
Persistent link: https://www.econbiz.de/10013179618
show a significant impact of openness on productivity growth. We find also an effect, significant at the ten per cent level …This paper investigates the impact of openness to trade and higher levels of human capital on the economies of some … MENA countries. To answer the question: whether either human capital or openness can be shown to cause productivity, we use …
Persistent link: https://www.econbiz.de/10010262187
The question whether international openness causes higher domestic growth has been subject to intense discussions in … the empirical growth literature. This paper addresses this issue using the fall of the Berlin wall in 1990 as a natural …s and the lower international openness of East Germany are linked. We address the endogeneity of openness by adapting …
Persistent link: https://www.econbiz.de/10010262870
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 …
Persistent link: https://www.econbiz.de/10011298539
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 …
Persistent link: https://www.econbiz.de/10010346735
growth, and find that it has a robust negative effect on GDP growth. This link coexists with the negative link between … variance and growth typically found in the literature. To explain the link between crises and growth we present a model where … weak institutions lead to severe financial constraints and low growth. Financial liberalization policies that facilitate …
Persistent link: https://www.econbiz.de/10010261177
This paper discusses some puzzles in the contemporary macroeconomic scene in India, from the perspective of public finance and economic development. These include a fiscal deficit higher than it was during the 1991 crisis, but without a large current account deficit or rise in inflation or...
Persistent link: https://www.econbiz.de/10011520530
During the 2011-2015 period, Turkey's current account deficit as a percentage of GDP was one of the largest among the OECD countries. In this paper, we examine if this deficit can be considered sustainable using the Engel and Rogers (2006) approach. In this framework, the current account of a...
Persistent link: https://www.econbiz.de/10011609959
According to theory, financial openness (FO) increases growth. The literature often conditions the growth effect of FO … on favorable collateral environment. However, this can conceal the actual growth benefits of FO. This paper contributes … to the literature by investigating the unconditional growth effect of FO, measured as de facto international financial …
Persistent link: https://www.econbiz.de/10014307771