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Persistent link: https://www.econbiz.de/10011755755
This study revisits the growth-finance nexus using a new econometric approach and unique data set. In particular by employing the smooth transition framework and annual time series data for Brazil from 1890 to 2003, we attempt to address on the one side, what is the relationship between...
Persistent link: https://www.econbiz.de/10011992433
This paper empirically investigates the relationship between corruption, political instability and economic growth. We first show how these variables interact by allowing for bidirectional causality between each two of the three variables for which we employ a panel VAR model on a dataset of 140...
Persistent link: https://www.econbiz.de/10012912082
Are institutions a deep cause of economic growth? This paper tries to answer this question in a novel manner by focusing on within-country variation, over long periods of time, using a new hand-collected data set on institutions and the power-ARCH econometric framework. Focusing on the case of...
Persistent link: https://www.econbiz.de/10012836392
What is the relationship between economic growth and its volatility? Does political instability affect growth directly or indirectly, through volatility? This paper tries to answer such questions using a power-ARCH framework with annual time series data for Argentina from 1896 to 2000. We show...
Persistent link: https://www.econbiz.de/10012766848
This paper investigates the effects of financial development and political instability on economic growth in a power-ARCH framework with data for Argentina from 1896 to 2000. Our findings suggest that (i) informal or unanticipated political instability (e.g., guerrilla warfare) has a direct...
Persistent link: https://www.econbiz.de/10013324919
Persistent link: https://www.econbiz.de/10011915063
Egypt accelerated its ongoing transition from a public sector dominated economy to a private sector led and market … experienced less change in substance. We examine some determinants of growth in Egypt since the mid-1980s using insights from both … significant determinants of growth in Egypt in the past. We also present evidence that suggests that inefficiency of financial …
Persistent link: https://www.econbiz.de/10012766978
The paper examines whether the Arab Spring phenomenon was predictable by complete elimination in the dispersion of core demands for better governance, more jobs and stable consumer prices. A methodological innovation of the Generalized Methods of Moments is employed to assess the feasibility and...
Persistent link: https://www.econbiz.de/10011409159
We model core demands for better governance (political, economic and institutional), more employment and less consumer price inflation using a methodological innovation on the complete elimination of cross-country differences in signals susceptible of sparking social revolts. The empirical...
Persistent link: https://www.econbiz.de/10011794969