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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 … stock-market-oriented measures as a proxy for financial development tend to report larger positive effects on growth. We …
Persistent link: https://www.econbiz.de/10010833294
This paper reviews the literature on the finance-growth nexus within a neoclassical growth framework, placing an … Agenda. While more research is needed to establish causality and verify the theoretical channels linking access to finance … countries financial development fosters aggregate growth mainly by lowering the cost of capital, while in advanced economies by …
Persistent link: https://www.econbiz.de/10011604833
financial resources of the countries they leave. This paper critiques existing policy proposals to address the development …
Persistent link: https://www.econbiz.de/10011606561
This paper offers a new theoretical approach for comparing the current political-economic U-turns in South Africa and Israel. Our principal focus is on a revised notion of capital, emphasizing the central role of differential accumulation by dominant capital groups. We further distinguish...
Persistent link: https://www.econbiz.de/10011644559
Since the late 1980s, Israel has been undergoing a profound transformation, characterized by reconciliation with its Arab neighbours and attempts to reintegrate into the regional economy, a transition from a militarized economy to open markets, and a decline of the collectivist ethos in favour...
Persistent link: https://www.econbiz.de/10011644560
Existing theories of capital, neo-classical as well as Marxist, are anchored in the material sphere of production and consumption. This article offers a new analytical framework for capital as a crystallization of power. The relative nature of power requires accumulation to be measured in...
Persistent link: https://www.econbiz.de/10011644561
This paper offers a new approach to the political economy of armament, focusing on the relationship between military spending and differential accumulation in mature capitalist economies. Applied to the “model” case of Israel, our analysis suggests that the militarization of Israel’s...
Persistent link: https://www.econbiz.de/10011644563
our capitalist world, they cannot adequately explain its development. Israel is a capitalist country in a capitalist world … processes of capitalist development, local and global. Focusing on the 1990s, the purpose of this paper is to identify several …
Persistent link: https://www.econbiz.de/10011644920
An analysis of the political economy of Israel during the 1990s.
Persistent link: https://www.econbiz.de/10011644922
The April 21, 2005 issue of the LONDON REVIEW OF BOOKS carried a lead article titled ‘Blood for Oil?’ The paper is attributed to a group of writers and activists – Iain Boal, T.J. Clark, Joseph Matthews and Michael Watts – who identify themselves by the collective name ‘Retort.’ In...
Persistent link: https://www.econbiz.de/10011644928