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, allowing an understanding of growth and inequality in the region. The region has experienced Ø- and σ-convergence …; however, growth rates of per capita gross domestic product are low at aggregate and sectoral levels. At sectoral level, the … sectors such as education and health can enhance growth rate, whereas the overall revenue expenditure retards growth …
Persistent link: https://www.econbiz.de/10012424163
understanding of growth and inequality in the region. The region has experienced β- and σ-convergence; however, growth rates of per … health can enhance growth rate, whereas the overall revenue expenditure retards growth. Therefore, provinces' capital budgets …
Persistent link: https://www.econbiz.de/10012404488
We reappraise the relationship between productivity and equilibrium real exchange rates using a panel estimation framework that incorporates a large number of countries and importantly, a dataset that allows explicit consideration of the role of non-traded, as well as traded, sector productivity...
Persistent link: https://www.econbiz.de/10011605092
obtaining fast growth in TFP is not simple, it appears to be a key factor in achieving fast GDP per capita growth. They also …
Persistent link: https://www.econbiz.de/10011332395
We investigate the marginal productivity of investment across countries. The aim is to estimate the return on investments financed by foreign aid and by domestic resource mobilization, using aggregate data. Both returns are expected to vary across countries and time. Consequently we develop a...
Persistent link: https://www.econbiz.de/10011418572
utilization proxy. Based on a large panel of Hungarian manufacturing firms, we decompose value added growth to input factor …, capacity utilization and estimated TFP growth contributions. We find that using an hours worked proxy, the variance of the … growth mostly in periods when/after institutional reforms, privatization or FDI inflow took place and lost its importance …
Persistent link: https://www.econbiz.de/10010322437
This paper investigates the determinants of TFP for Italian regions. We find strong evidence in favour of the factors commonly suggested by the theoretical literature. In particular, R&D expenditures and the number of researchers are positively related to regional TFP. Moreover, human capital is...
Persistent link: https://www.econbiz.de/10010326121
This study is an attempt to test the hypothesis 'international trade contributes to economic growth through its effects … on human capital accumulation.' To assess the hypothesis empirically, we employed the extended Neo-Classical growth model … that reflects some features of the endogenous growth models. We thus ended up with a model in which the change in human …
Persistent link: https://www.econbiz.de/10011988693
This paper uses panel data for 116 countries over the period 1995-2016 to investigate the heterogeneity of the debt-growth … indebtedness, and the maturity of debt. Finally, the underlying factors explaining the time-varying impact of public debt on growth …
Persistent link: https://www.econbiz.de/10012025070
will analyze the influence of GDP growth, remittances, level of exports, level of imports, and foreign direct investments … GDP growth, imports, and foreign direct investments have a positive influence on the inflation rate, while, working …
Persistent link: https://www.econbiz.de/10014001426