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Thomas, Alex M - Volkswirtschaftliche Fakultät, … - 2011

This paper revisits the work of Richard Cantillon and Francois Quesnay in order to conceptualise the dynamics between rural and urban areas in an economy. Concepts of social surplus and economy as a circular flow are presented in order to highlight the interrelationship between the growth...

Persistent link: https://www.econbiz.de/10008836739

Economic growth and the optimum size of government in 15 European countries: A threshold panel approach

Hajamini, Mehdi; Falahi, Mohammad Ali - Volkswirtschaftliche Fakultät, … - 2012

In the growth literature, there is a nonlinear relationship between economic growth and government size, which is similar to an inverted U-shaped curve. This curve can be used to determine the optimum share of government expenditures. This paper, using threshold panel approach, attempts to...

Persistent link: https://www.econbiz.de/10011109576

Testing for Stochastic and Beta-convergence in Latin American Countries

Escobari, Diego - Volkswirtschaftliche Fakultät, … - 2011

This paper uses time-series data from nineteen Latin American countries and the U.S. to test for income convergence … using two existing definitions of convergence and a new testable definition of β-convergence. Only Dominican Republic and … convergence exists when allowing for structural breaks using the two-break minimum LM unit root of Lee and Strazicich (2003). The …

Persistent link: https://www.econbiz.de/10009493290

Medical Tourism and Its Implication on Malaysia's Economic Growth

Tang, Chor Foon - Volkswirtschaftliche Fakultät, … - 2015

Policymakers in the developed and developing countries already heading toward medical tourism to stimulate economic growth. Nonetheless, the actual impact of medical tourism on economic growth remains ambiguous. Although medical tourism may spur economic growth via its impact on foreign currency...

Persistent link: https://www.econbiz.de/10011234829

Energy Consumption, Financial Development and Growth: Evidence from Cointegration with unknown Structural breaks in Lebanon

Shahbaz, Muhammad; Abosedra, Salah; Sbia, Rashid - Volkswirtschaftliche Fakultät, … - 2013

This paper investigates the dynamic causal relationship between financial development, energy consumption and economic growth in Lebanon over the period 1993M1-2010M12.Our findings confirm the existence of cointegration among the variables. The results indicate that financial development and...

Persistent link: https://www.econbiz.de/10011257783

Economic growth dynamics across countries.

Ewa, Lechman - Volkswirtschaftliche Fakultät, … - 2011

Economic growth is one of the most important issues discussed worldwide. Its dynamics over time seem to be crucial from the perspective of the ability of poor countries to catch up with highly developed economies. As can be easily noticed in world statistics, both GDP per capita and GDP growth...

Persistent link: https://www.econbiz.de/10011258876

Foreign Aid, Legal Origin, Economic Growth and Africa’s Least Developed Countries

Wamboye, Evelyn; Adekola, Abel - Volkswirtschaftliche Fakultät, … - 2013

The issue of foreign aid dependency in African countries remains controversial among policy makers. So far, there is no consensus on aid effectiveness and the resulting policy prescriptions have been conflicting. The Euro zone which provides the bulk of foreign aid to developing countries, is...

Persistent link: https://www.econbiz.de/10011259182

Does financial sector development cause investment and growth? empirical analysis of the case of Ghana

Adam, Anokye M.; Siaw, Frimpong - Volkswirtschaftliche Fakultät, … - 2010

This article examines whether financial sector development has ‘caused’ economic growth and investment in Ghana between 1970 and 2007. As a proxy for financial sector development we use credit to private sector as per cent of GDP, bank liquid reserve – asset ratio and liquid liability as a...

Persistent link: https://www.econbiz.de/10011259193

Financial Permeation and Economic Growth: Evidence from Sub-Saharan Africa

Inoue, Takeshi; Hamori, Shigeyuki - Volkswirtschaftliche Fakultät, … - 2013

This article empirically analyzes the role of finance in economic growth in Sub-Saharan Africa from the perspective of what is termed herein “financial permeation”. By estimating panel data on 37 countries in Sub-Saharan Africa between 2004 and 2010, we examine whether financial permeation...

Persistent link: https://www.econbiz.de/10011259255

Способы формирования контрактных институтов как факторы экономического ростa: сравнительный анализ...

Tamilina, Larysa; Baklanova, Olena - Volkswirtschaftliche Fakultät, … - 2012

В статье анализируется влияние формальных контрактных институтов на развитие экономических систем. Акцент делается на необходимости разграничения...

Persistent link: https://www.econbiz.de/10011259656