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growth through capital accumulation. This paper contributes to this literature. As opposed to the previous studies, which …, and tests of Granger non-causality are performed within the estimated systems. The main results show that the causal … chains linking saving and output differ across countries, and also that causality associated with adjustments to long …
Persistent link: https://www.econbiz.de/10011587110
The empirical growth literature has focused on capital accumulation but largely ignored productivity growth. To address … importance of efficiency changes for economic growth. Using a sample of 26 OECD countries from 1965-90, we find convergence and … important source of economic growth. …
Persistent link: https://www.econbiz.de/10010466016
-run relationship between financial development and economic growth. An augmented form of Granger causality analysis is implemented to … 1968 to 2005. The bounds testing approach to cointegration is conducted to establish the existence of a long … identify the direction of causality among the variables both in the short-run and the long-run. The empirical findings suggest …
Persistent link: https://www.econbiz.de/10011523134
testing approach to cointegration is employed to test the causal relationship between industrial production, exports and terms …This study seeks to validity of the export-led growth hypothesis using quarterly data from 1980 to 2005. The bounds … of trade. An augmented form of Granger causality analysis is implemented to identify the direction of relationship among …
Persistent link: https://www.econbiz.de/10011523113
This paper examines the interactive effect of distance and trade on international conflict and cooperation. The effect of geographic distance depends on trade, while the effect of trade varies with geographic distance. Trade reduces conflict to a greater extent when dyads are geographically...
Persistent link: https://www.econbiz.de/10003283434
Persistent link: https://www.econbiz.de/10009784939
A method for analyzing productivity convergence based on frontier production functions is proposed. It is examined whether departures from the frontier - country-level inefficiencies - exhibit long-run relationships and convergence. The method is applied to 1-digit industries of 14 OECD...
Persistent link: https://www.econbiz.de/10010466017
Export growth in India has been much faster than GDP growth over the past few decades. Several factors appear to have … through which FDI influences growth. Using annual data for 1970-98 we investigate the determinants of export performance in … India in a simultaneous equation framework. Results suggest that demand for Indian exports increases when its export prices …
Persistent link: https://www.econbiz.de/10011608021
and national ownership patterns. On the second question, the sensitivity of exports to labour costs is lower in high tech …
Persistent link: https://www.econbiz.de/10011537525
most recent financial crisis, estimating models for export market participation decisions and firm growth and survival. The … the global financial crisis. With respect to firm growth and survival, we find that starters and continuous exporters are …
Persistent link: https://www.econbiz.de/10010347353