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We discuss the role of contracting impediments created by the existence of national borders on open economy growth. In … a two-good neoclassical Ramsey growth model with lack of enforcement on international trade contracts we show that … many researchers believe, international trade affects growth by increasing investment rates. The model provides a new …
Persistent link: https://www.econbiz.de/10005481995
paper empirically assesses the impact of debt relief on growth and investment by examining two potential mechanisms. The … and 2004, this study shows that debt relief did not affect growth directly or through capital investment. …
Persistent link: https://www.econbiz.de/10005771074
can be replicated: 1) the persistent US current account deficits since the beginning of the 90’s; 2) growth of output per …) TFP growth in these countries, also relative to the US. The more productive technology takes more time to implement and is … into higher growth. …
Persistent link: https://www.econbiz.de/10005000364
was due in large part to macroeconomic volatility that depressed private investment and growth. Using cross-sectional data … for 87 countries, we show that real per-capita growth over the period 1980–1994 was a function of productivity growth and … investments). When comparing Nigeria to high growth nations, we find that most of the growth differential can be attributed to …
Persistent link: https://www.econbiz.de/10005617087
development, the following facts can be replicated: 1) persistent current account surpluses and 2) high TFP growth in China. Under …
Persistent link: https://www.econbiz.de/10010594672
can be replicated: 1) the persistent US current account deficits since the beginning of the 90's; 2) growth of output per …) TFP growth in these countries, also relative to the US. The more productive technology takes more time to implement and is … into higher growth. …
Persistent link: https://www.econbiz.de/10008677739
This paper investigates the effect of FDI on economic growth conditional on the institutional quality of host countries … develop several arguments to show that institutional quality modulates the intensity of FDI impact on growth. Using a … threshold of institutional quality that influence the FDI growth effect. These results have significant implications for policy …
Persistent link: https://www.econbiz.de/10011110324
The purpose of preliminary is to present a broad agenda of theoretical and empirical modeling about the fundamental links between the quality of governance, financial development and economic development. The main theoretical predictions and evidence are of a large importance in terms of...
Persistent link: https://www.econbiz.de/10011112584
the context of two partial equilibrium endogenous growth models. In our first model, the scale of fickle outside … investment funds traces out a meanvariance tradeoff for the growth rate of the economy. In particular, the volatility of these … regulation of outside investment may increase growth. Our second model involves increasing returns and multiple equilibria. In …
Persistent link: https://www.econbiz.de/10011091428
imperfect, the wealth distribution typically determines an economy's growth potential in autarky; hence, high exposure to …
Persistent link: https://www.econbiz.de/10008564834