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Economic freedom and economic growth can be connected in most countries, but it is often necessary to specify those … aspects of economic freedom that can foster economic growth. This paper examines the nexus between economic freedom and … general, economic freedom positively influences economic growth in the LDCs. Moreover, most economic freedom factors raise …
Persistent link: https://www.econbiz.de/10014427512
This research explores the effects of culture on technological diffusion and economic development. It shows that culture's direct effects on development and barrier effects to technological diffusion are, in general, observationally equivalent. In particular, using a large set of measures of...
Persistent link: https://www.econbiz.de/10011528503
Purpose - This paper assesses dynamics of the knowledge economy (KE)-finance nexus using the four variables identified under the World Bank's knowledge economy index (KEI) and seven financial intermediary dynamics of depth, efficiency, activity and size. Design/methodology/approach - Principal...
Persistent link: https://www.econbiz.de/10011409956
In the first critical assessment of knowledge economy dynamic paths in Africa and the Middle East, but for a few exceptions, we find overwhelming support for diminishing cross-country disparities in knowledge-based economy dimensions. The paper employs all the four components of the World Bank's...
Persistent link: https://www.econbiz.de/10011997637
In the first critical assessment of knowledge economy dynamic paths in Africa and the Middle East, but for a few exceptions, we find overwhelming support for diminishing cross-country disparities in knowledge-base-economy dimensions. The paper employs all the four components of the World Bank's...
Persistent link: https://www.econbiz.de/10011596861
This paper offers a concise survey on the literature of growth empirics applying to DCs. It is argued that there is a number of important stylised facts of economic growth relevant to DCs which are not included in the corresponding lists of Kaldor and Romer. In contrary to the usual procedure,...
Persistent link: https://www.econbiz.de/10010485436
In economic theory, technology is treated as crucial factor contributing significantly to economic development. In seminal works of Schumpeter [1934, 1947], Baumol [1986], Gerschenkron [1962] or Abramovitz [1986], the emphasis on the role of technological progress in process of economic...
Persistent link: https://www.econbiz.de/10011802112
The claim of globalization critics that the income gap to industrial countries is bound to widen for essentially all developing countries as a consequence of economic globalization is in conflict with empirical evidence. Economic performance differs tremendously across developing countries. We...
Persistent link: https://www.econbiz.de/10011495392
Does democracy promote economic growth? There is still an ongoing debate over the economic implications of democracy, and this question has gained critical importance particularly in the African context, where a wave of democratization in the early 1990s coincided with the start of a new era of...
Persistent link: https://www.econbiz.de/10010252703
In recent years, a growing body of economic literature has focused on the phenomenon of the so-called middle-income trap (MIT). The term usually refers to countries that have experienced rapid growth and thus quickly reached middle-income status, but then failed to overcome that income range to...
Persistent link: https://www.econbiz.de/10012205654