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Current account deficit has become a common phenomenon in both developed and developing countries. Although there is a plethora of perspective towards the current account deficit-economic growth nexus, there is still no consensus on the impact and direction of causality. This study seeks to...
Persistent link: https://www.econbiz.de/10012945866
This paper reconsiders two questions relating to India's economic growth: structural breaks in growth and the impact of … post-independence India has witnessed four structural breaks: in 1964-65, in 1978-79, in 1990-91, and in 2004-05. However …
Persistent link: https://www.econbiz.de/10012136993
Comparisons of India and China have been made for over 50 years. This paper focuses on purchasing power estimates in … China and India in the 2005 round of the UN International Comparison Programme (ICP) that was coordinated by the World Bank … currencies and real product per capita for 146 countries, and the results for China and India are discussed in the context of the …
Persistent link: https://www.econbiz.de/10003798394
Purpose This paper examines the relationship of financial market inclusion, economic growth, foreign direct investment and real output on trade openness for the Saudi Arabia Economy. Trade openness potentially is a major source of economic growth and development. Design/methodology/approach This...
Persistent link: https://www.econbiz.de/10013413558
Development economists have long recognized the role of the financial system in the process of economic development. Financial institutions and markets anticipate future growth opportunities, were financial development tends to accelerate growth through new firm formation, increasing access to...
Persistent link: https://www.econbiz.de/10013054771
This paper investigates the existence of threshold effects in the relationship between public debt and economic growth in Nigeria using quarterly data. Generally, we found empirical support for an inverted U-shape relationship between public debt types and economic growth. For total public debt...
Persistent link: https://www.econbiz.de/10011661495
The financial crisis and the ensuing Great Recession created unprecedented federal budget deficits in recent years. In fact, these events, combined with subsequent slow growth and two continuing unfunded wars, have resulted in a national debt that is out of control by all meaningful measures....
Persistent link: https://www.econbiz.de/10013120084
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10010231008
We analyze the medium-term macroeconomic impact of the Covid-19 pandemic and associated lock-down measures on low-income countries. We focus on the impact over the medium-run of the degradation of health and human capital caused by the pandemic and its aftermath, exploring the trade-offs between...
Persistent link: https://www.econbiz.de/10013295135
Researches focusing on the effects caused by growing sovereign debt of developed countries on economic growth gained new momentum in the past few years. One half of the empirical studies concludes that the rising debt slows down the pace of economic growth, while the other half of the analyses...
Persistent link: https://www.econbiz.de/10010826267