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We examine the (potentially nonlinear) relationship between inequality and growth using a method which does not require … used (nonlinear) parametric approaches - the economy first expands rapidly with a large decline in inequality, plateaus … when inequality remains relatively stable, and then decreases rapidly with a large increase in inequality. This novel …
Persistent link: https://www.econbiz.de/10010469680
We examine the (potentially nonlinear) relationship between inequality and growth using a method which does not require … used (nonlinear) parametric approaches - the economy first expands rapidly with a large decline in inequality, plateaus … when inequality remains relatively stable, and then decreases rapidly with a large increase in inequality. This novel …
Persistent link: https://www.econbiz.de/10011128023
Public regulations can increase economic growth by correcting market faults and decrease growth by consuming resources … between growth an regulation. The relationship is possibly non-linear with some level of regulation being optimal. We estimate … the relation by a fixed effect non-linear panel data regression model using a new semi-parametric estimator. The outcome …
Persistent link: https://www.econbiz.de/10005787496
it has a negative effect on economic growth. We use a combination of nonparametric (NP) and instrumental variable … semiparametric (SNP-IV) methods to obtain inflation thresholds for the United States. The results suggest that the relationship … between growth and inflation is hump shaped—that higher levels of inflation reduce growth more. Our results consistently show …
Persistent link: https://www.econbiz.de/10011095428
approach to investigate whether trade openness has spurred economic growth in Uganda. The extant literature shows that trade … openness increases economic growth, but this empirical evidence remains contested. Our empirical results on the long … growth. Except for the use of exports to measure trade openness, using openness index and imports to proxy for trade openness …
Persistent link: https://www.econbiz.de/10014001578
approach to investigate whether trade openness has spurred economic growth in Uganda. The extant literature shows that trade … openness increases economic growth, but this empirical evidence remains contested. Our empirical results on the long … growth. Except for the use of exports to measure trade openness, using openness index and imports to proxy for trade openness …
Persistent link: https://www.econbiz.de/10013184444
The recent literature on the aid-growth relation discusses two competing models: The Good Policy Model, where the key … Medicine Model is more robust. Neither model replicates outside the original data sample. Further, we apply a semi-parametric … regression technique to test for an unknown functional form of the aid-growth relation. It rejects that aid is statistically …
Persistent link: https://www.econbiz.de/10005439986
Aid flows are included into the standard cross-country catch-up relation. Robust¬ness of the result is tested by changing time periods and by adding extra variables. The main results are: Absolute conver¬gence and absolute aid effec¬ti¬ve¬ness are both rejected. While conditional...
Persistent link: https://www.econbiz.de/10005114086
the current literature on the growth impacts of trade (by leading partner countries) often neglects the properties of … with considerable impacts of exports to EDE and AdE, exports to China have limited effects on the growth of its partners …. However, the recent financial crisis marks a turning point of China's role as a major driver of growth in the South. Namely …
Persistent link: https://www.econbiz.de/10012120434
In the last decades there has been increased interest in studying the impact of inequality on growth. Most of the … recent literature points to a negative impact of inequality on future growth but there are also models that argue in favor of … a positive relationship or a non linear one. A possible channel through which inequality may impact on growth comes from …
Persistent link: https://www.econbiz.de/10009131217