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, productivity growth and capital accumulation. Moreover, there is evidence of a positive contribution to the process stemming from …
Persistent link: https://www.econbiz.de/10011374352
, productivity growth and capital accumulation. Moreover, there is evidence of a positive contribution to the process stemming from … financial integration on country groups within the EU. -- Financial integration ; economic growth ; productivity ; European …
Persistent link: https://www.econbiz.de/10009510726
Persistent link: https://www.econbiz.de/10009559063
The paper surveys the literature on the effects of finance on productivity growth. In both the theoretical and … growth. Clearer positive effects emerge when considering growth channels related to productivity dynamics, with the estimated …
Persistent link: https://www.econbiz.de/10009791192
productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output … growth, far less attention has been paid to its effects on productivity growth. This paper provides a comprehensive analysis … of the relationship between financial openness and total factor productivity (TFP) growth using an extensive dataset that …
Persistent link: https://www.econbiz.de/10003747653
Does capital flow from rich to poor countries? We revisit the Lucas paradox and explore the role of capital account restrictions in shaping capital flows at various stages of economic development. We find that, when accounting for the degree of capital account openness, the prediction of the...
Persistent link: https://www.econbiz.de/10009569603
This paper investigates the effects of foreign direct investment inflows in the industrial, construction and services sectors on economic growth in a panel of sixteen Central, Eastern and Southeastern European CESEE countries using data of different time spans within the 1998-2013 period. The...
Persistent link: https://www.econbiz.de/10011671825
Recent evidence from developing and emerging economies shows a negative correlation between growth and net capital inflows, a contradiction to neoclassical growth theory. I provide updated and disaggregated evidence on the origins of this puzzle. An analysis of the components of capital flows...
Persistent link: https://www.econbiz.de/10011295656
-wealth ratio, and welfare should be higher in an open economy due to a higher productivity and/or less volatility through risk … ; productivity ; volatility ; consumption-wealth ratio ; growth ; welfare ; size of government …
Persistent link: https://www.econbiz.de/10009692653
I analyze output growth, volatility, and skewness as the joint outcomes of financial openness. Using an industry panel of 53 countries over 45 years, I find that financial openness increases simultaneously mean growth and the negative skewness of the growth process. The increase in output...
Persistent link: https://www.econbiz.de/10009354652