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literature with little attention on remittances and the joint effect of financial sector development and remittances. This paper … uses macrodata to examine the linkages between financial development, remittances, and economic growth in Ghana. We …, growth-enhancing, and a certain level of financial development can drag down economic growth in the long term and the …
Persistent link: https://www.econbiz.de/10013245766
literature with little attention on remittances and the joint effect of financial sector development and remittances. This paper … uses macrodata to examine the linkages between financial development, remittances and economic growth in Ghana. We estimate …, growth-enhancing, and a certain level of financial development can drag down economic growth in the long term and the …
Persistent link: https://www.econbiz.de/10012024006
In this paper we examined the impact of the liberalization of financial sector on growth in small open economy of Ghana using time series data from 1970 to 2007. Using autoregressive distributed lag (ARDL) modelling approach we find long-run positive and significant impact of financial...
Persistent link: https://www.econbiz.de/10014210241
This article examines the effect of remittances on economic growth, highlighting the main transmission channels. Using the SGMM method, estimates based on data from 27 developing countries show that remittances have a positive and significant effect on economic growth. The results don’t allow...
Persistent link: https://www.econbiz.de/10009195605
We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between mergers and acquisitions ("M&As") and "greenfield" investment. A simple model captures the key difference between the two types of FDI: unlike greenfield investment, M&As partly...
Persistent link: https://www.econbiz.de/10009376718
This paper investigates the effect of FDI on economic growth conditional on the institutional quality of host countries. We first develop several theoretical arguments to show that institutional heterogeneity may be an explanation for the mixed results of previous empirical studies. Second,...
Persistent link: https://www.econbiz.de/10013020803
This paper investigates the effect of FDI on economic growth conditional on the institutional quality of host countries. As we consider institutional heterogeneity to be an explanation for the mixed results of previous empirical studies, we develop several arguments to show that institutional...
Persistent link: https://www.econbiz.de/10013033984
results do not imply that foreign finance has no role in development or that all types of capital naturally flow “uphill …
Persistent link: https://www.econbiz.de/10005021976
investigate influence of international integration processes on development of economy of Latvia. In the paper Latvian economic …
Persistent link: https://www.econbiz.de/10009216353
economic growth through the process of technological diffusion. The literature also suggests that the development of the … achieved a certain minimum-level development. The results further suggest that better domestic financial conditions not only …
Persistent link: https://www.econbiz.de/10009363808