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There are increasing studies that address the skill upgrading in developing countries. The theoretical analyses yield different results about which factors affect skill upgrading. The impact of trade openness and technology transfer on the relative demand for skilled labor remains a puzzle, the...
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This paper investigates the impact of financial development on economic growth in Pakistan using the Markov Switching Model over the period 1980-2017. The results based on two-state Markov switching model confirm the Schumpeter's view that finance spurs growth. The result reveals that financial...
Persistent link: https://www.econbiz.de/10012219668
This paper investigates the impact of financial development on economic growth in Pakistan using the Markov Switching Model over the period 1980-2017. The results based on two-state Markov switching model confirm the Schumpeter's view that finance spurs growth. The result reveals that financial...
Persistent link: https://www.econbiz.de/10012657560