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The primary objective of this article is to answer the following two research questions: has the growing public debt of state governments promoted increased public investment? If the answer is yes, then does any increase in public investment lead to more growth in the Mexican states? Dynamic...
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This paper aims to analyze the relationship between innovation and per capita economic growth over the long-run for 12 Latin American countries for the period 1996–2015. This study uses six different indicators of innovation. Using Granger causality test, the study finds the presence of...
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This research seeks to identify the factors that account for the variation in development levels across nations by … focusing on the institutional components of development, especially the effects of financial market development on economic and … political development. I argue that financial market institutions are critical to economic and political development, and …
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We analyze 1334 estimates from 67 studies that examine the effect of financial development on economic growth. Taken …. Studies that do not address endogeneity tend to overstate the effect of finance on growth. While the effect seems to be weaker …
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