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Does economic prosperity bring about a happier society? Mathematical remarks on the Easterlin Paradox debate
Beja Jr, Edsel - Volkswirtschaftliche Fakultät, … - 2013
The Easterlin Paradox—the perceived absence of a relationship between economic progress and happiness—is one of the most important continuing debates in economics. Yet, both sides of the extant debate are anchored on valid mathematical arguments. The preponderance of evidence is therefore...
Persistent link: https://www.econbiz.de/10011260089
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Is Monetary Policy a Growth Stimulant in Nigeria? A Vector Autoregressive Approach
Adesoye, A. Bolaji; Maku, Olukayode E.; Atanda, … - Volkswirtschaftliche Fakultät, … - 2012
This paper critically examines the dynamic interaction between monetary policy tools in stimulating economic growth, as well as stabilizing the economy from external shocks in Nigeria. The paper considered key monetary time series variables and real growth of output in formulating Vector...
Persistent link: https://www.econbiz.de/10009397156
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Towards building shared prosperity in Sub-Saharan Africa : how does the effect of economic integration compare to social equity policies?
Ofori, Isaac Kwesi - 2021
The debate on the need for Sub-Saharan African (SSA) countries to foster inclusive growth has intensified following the coming into force of the African Continental Free Trade Area (AfCFTA), and the emergence of the coronavirus pandemic. A conspicuous lacuna in the literature is a lack of...
Persistent link: https://www.econbiz.de/10012590001
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Multivariate-based Granger causality between financial deepening and poverty: the case of Pakistan
Rehman, Ijaz; Shahbaz, Muhammad - In: Quality & Quantity: International Journal of Methodology 48 (2014) 6, pp. 3221-3241
and poverty reduction using quarter frequency data in case of Pakistan over the period of 1972–2011. We applied the … long run relationship between financial deepening, economic growth and poverty reduction exists in case of Pakistan. The … causality analysis implied that causality results are sensitive with the use of proxy for poverty reduction. Copyright Springer …
Persistent link: https://www.econbiz.de/10010949446
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The nexus of financial deepening and poverty : the case of Black Sea region economies
Lu, Chenghui; Dilanchiev, Azer - In: The Singapore economic review 68 (2023) 4, pp. 1183-1205
Persistent link: https://www.econbiz.de/10014366031
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Thirty years in Africa's development : from structural adjustment to structural transformation?
Addison, Tony - 2015
been strong, yet poverty remains high. Underlying the shortage of good livelihoods and high social inequality is the lack …
Persistent link: https://www.econbiz.de/10011396968
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New financial development indicators : with a critical contribution to inequality empirics
Asongu, Simplice A. - 2013
The employment of financial development indicators without due consideration to country/regional specific financial development realities remains an issue of substantial policy relevance. Financial depth in the perspective of money supply is not equal to liquid liabilities in every development...
Persistent link: https://www.econbiz.de/10011409823
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Do Foreign Inflows Benefit Pakistani Poor?
Ali, Muhammad; Nishat, Muhammad - In: The Pakistan Development Review 48 (2009) 4, pp. 715-738
foreign inflows on poverty reduction in Pakistan through the channel of health, education and other indicators related to … whole have increased poverty levels in Pakistan. At disaggregated levels, we found that foreign assistance is the major … component of inflows which is responsible for the positive relationship between inflows and poverty. We also found positive …
Persistent link: https://www.econbiz.de/10010547051
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Does Financial Deepening Improve Income Distribution? A Dynamic Panel Analysis on Developing Countries
Tan, Hui-Boon; Law, Siong-Hook - Business School, University of Nottingham - 2009
This study examines the dynamic effects of financial deepening on income distribution of 35 developing countries during the past two decades of 1980-2000. For this purpose, three existing alternative hypotheses concerning the finance-inequality nexus are tested based on the newly assembled...
Persistent link: https://www.econbiz.de/10004990920
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News Shocks
Barsky, Robert - 2009
We implement a new approach for the identification of news shocks about future technology. In a VAR featuring a measure of aggregate technology and several forward-looking variables, we identify the news shock as the shock orthogonal to technology innovations that best explains future variation...
Persistent link: https://www.econbiz.de/10013156463