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strand of economic literature has suggested that such dependence may hurt a country's growth prospects and the scope for job … policies on achieving higher and sustained growth through diversification away from oil. It explores analytical questions which … Economies' Low Level of Diversification -- Limited Diversification, Natural Resource Rents, and Growth Volatility -- Why Is …
Persistent link: https://www.econbiz.de/10012690252
This paper argues for a transformation of finance to support the economic and social transformation of the Middle East and North Africa. The paper first documents the existing financial system in the region. The system is heavily skewed toward banking, relative to non-banking services, such as...
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natural resource abundance and economic growth. It shows empirically that resource-rich countries appear to have a less …
Persistent link: https://www.econbiz.de/10010433905
natural resource abundance and economic growth. It shows empirically that resource-rich countries appear to have a less …
Persistent link: https://www.econbiz.de/10010336252
Persistent link: https://www.econbiz.de/10009670870
Economic growth and financial development are intrinsically related. Literature provides evidence that economic growth … leads to financial development and financial development also leads to economic growth. The study analyzes this association … between economic growth and financial development considering institutions for countries with substantial oil rents. The study …
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