Showing 91 - 100 of 16,522
Over the last thirty years Burundi's low economic growth has led to a significant decline in per capita GDP. The … explain a large part of the weak growth performance for the last thirty years. …
Persistent link: https://www.econbiz.de/10005825808
The paper reviews the “stylized facts” on economic growth gathered by Easterly and Levine in their 2001 joint paper and … illustrates some of the points made on the basis of data from the IMF’s World Economic Outlook on real growth and per capita GDP … since 1970. The data show that the growth performance of many poor countries has been disappointing: most of the “developing …
Persistent link: https://www.econbiz.de/10005825901
This paper reexamines the empirical relationship between financial development and economic growth. It presents … reveal that the relationship between financial development and economic growth is, at best, weak. Second, there is evidence … of nonlinearities in the data, suggesting that finance matters for growth only at intermediate levels of financial …
Persistent link: https://www.econbiz.de/10005826253
explaining China's and India's growth. Specific financial sector policies are shown to map well the size and changes in the … rebalancing growth in China and sustaining high investment rate in India, further financial sector reforms could turn out to be …
Persistent link: https://www.econbiz.de/10005826386
This paper evaluates what type of models can account for the recent episodes of output drops in Latin America. I develop an open economy version of the business cycle accounting methodology (Chari, Kehoe, and McGrattan, 2007) in which output fluctuations are decomposed into four sources: total...
Persistent link: https://www.econbiz.de/10005826407
slightly more than one percentage point in Canada's real GDP growth after 3 quarters. That decline can be decomposed into three … raising capital in the United States; the indirect financial channel, where growth is hampered as financial conditions in …
Persistent link: https://www.econbiz.de/10005826463
We examine the short- and long-term movements of government spending relative to output in 51 countries. We find that in the short term, the main components of government spending increase with output in about half of the sample countries, with some variation across spending categories and...
Persistent link: https://www.econbiz.de/10005826560
Persistent link: https://www.econbiz.de/10005826715
Macroeconomic shocks such as wil price increases induce a systematic (endogenous) response of monetary policy. We develop a VAR-based technique for decomposing the total economic effects of a given exogenous shock into the portion attributable directly to the shock and the part arising from the...
Persistent link: https://www.econbiz.de/10005826730
Persistent link: https://www.econbiz.de/10005826738