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Economic theory suggests that sound and efficient financial systems - banks, equity markets, and bond markets - which channel capital to its most productive uses are beneficial for economic growth. Sound and efficient financial systems are especially important for sustaining growth in developing...
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ICT investment and economic growth in the period 1985-99 for a sample of 42 countries for which ICT spending data are … much in ICT. The second reason is that even if they have done so, they may not have invested enough in complementary … infrastructure, like education and skills, in order to reap the benefits from ICT investment. Technology by itself is not a solution …
Persistent link: https://www.econbiz.de/10010279209
We modify the concept of the middle-income trap (MIT) against the background of the Fourth Industrial Revolution and the (future) challenges of automation (creating the concept of the "MIT 2.0") and discuss the implications for developing Asia. In particular, we analyze the impacts of...
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Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic mechanism of per capita income convergence among countries....
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, and information and communication technology (ICT) penetration, which have been explored separately in previous studies … following. First, both ICT penetration and institutional quality have significantly positive effects on economic growth. On the …-shape relations for the cases of institutional quality and ICT penetration on economic growth, respectively. Third, the interaction …
Persistent link: https://www.econbiz.de/10014500346