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This study looks at some non-conventional determinants of economic growth, with the help of the newly developed economic freedom index datasets of the Heritage Foundation/Wall Street Journal(HF/WSJ), which is a cumulative index derived from several sub-indices (trade freedom index, financial...
Persistent link: https://www.econbiz.de/10011448023
Most of the literature that explored the relationship between financial development and economic growth taking into consideration the roles played by institutional quality in the ECOWAS region still debates on the roles of institutional quality on economic growth. This study used data from...
Persistent link: https://www.econbiz.de/10012261901
between the participating countries over time. To achieve this, a certain alignment of institutions and structures was seen as …
Persistent link: https://www.econbiz.de/10012485017
The paper aims to assess the impact of regulations (measured by the Fraser Institute index of economic freedom) on economic growth in the world as well as in EU and post-socialist countries. The method of the analysis is based on growth regressions where economic freedom is included in the set...
Persistent link: https://www.econbiz.de/10011890508
economic development. To answer this question, a new concept of the institutions-augmented Solow model is constructed. The … institutions-augmented Solow model fits the empirical data very well. It turns out that differences in physical capital, human … differences in economic development among the countries of the world. According to the institutions-augmented Solow model, the …
Persistent link: https://www.econbiz.de/10010228513
Objective: The objective of the article is to test the bidirectional association of institutions and entrepreneurship … role of institutions in entrepreneurial activity, while ignoring the role of entrepreneurship in the building of … institutions. We estimate how institutions and entrepreneurship relate to each other and contribute to economic growth. For the …
Persistent link: https://www.econbiz.de/10012520176
This study investigates the impact of Nigerian government expenditure (disaggregated into capital and recurrent) on economic growth using time series data for the period 1970-2019. The paper employs Autoregressive Distributed Lag (ARDL) model. To ensure robustness of results, the study accounts...
Persistent link: https://www.econbiz.de/10012604411
This research paper analyses the relationship between gross domestic product and public expenditures in nominal terms. The analysis is being done by using the standard Peacock-Wiseman specification of the Wagner's law and provides the results for the Visegrád Four countries, i.e. the Czech...
Persistent link: https://www.econbiz.de/10012817769
The contention that “inclusive” institutions are the deep determinants of economic growth remains unsatisfactory. This … the feedback loops among institutions, political power and economic structures, thus, markets on their own will not ensure …
Persistent link: https://www.econbiz.de/10011663419
This study examined the non-linear relationship between financial development and innovation using generalized method of moments (GMM) estimators for a panel data model. The sample comprised data for 75 developed and developing countries for the period 1996 to 2010. An inverted U-shaped...
Persistent link: https://www.econbiz.de/10011932490