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This paper attempts to reconcile the apparent contradiction between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private...
Persistent link: https://www.econbiz.de/10011409380
This paper attempts to reconcile the apparent contradiction between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private...
Persistent link: https://www.econbiz.de/10013320595
the economic history of preindustrial China in order to understand how and why it differed from that of preindustrial …
Persistent link: https://www.econbiz.de/10013135194
Beginning in the late 1970s, China's economy delivered the largest growth spurt in recorded history. Striking … "China miracle" that requires neither economic nor historical analysis. This overlooks deep institutional constraints arising … decentralized innovation. Historic legacies that shape political structures and individual behavior will continue to influence China …
Persistent link: https://www.econbiz.de/10013314817
Beginning in the late 1970s, China's economy delivered the largest growth spurt in recorded history. Striking … "China miracle" that requires neither economic nor historical analysis. This overlooks deep institutional constraints arising … decentralized innovation. Historic legacies that shape political structures and individual behavior will continue to influence China …
Persistent link: https://www.econbiz.de/10012373127
Paper reviews India's growth performance since independence. Phrases suchas "Hindu Rate of Growth," sometimes make a telling comment and expose obscureeconomic data to a wider audience, but they can just as readily obscure reality byfocussing attention on the wrong issue. There is nothing in the...
Persistent link: https://www.econbiz.de/10011807532
The economic crisis of 2001-2002 in Argentina caused a large increase in unemployment. Policy responses have been imperfect. This paper discusses the roots and character of the crisis, the policies implemented to address the resulting social situation, and the quality of early warning indicators...
Persistent link: https://www.econbiz.de/10014058203
Persistent link: https://www.econbiz.de/10011807541
Persistent link: https://www.econbiz.de/10008937735
in China. Ordinary Least Square (OLS) multiple regressions are applied on a set of data from China for the period 1978 to … studies as it uses up-to-date data (1978-2013) from China capturing the effects of financial development on economic growth in …
Persistent link: https://www.econbiz.de/10013003387