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Sustaining Growth in Emerging Markets : The Role of Structural and Monetary Policies in Turkey
Aysan, Ahmet - 2016
The last decade witnessed an unprecedented economic growth in Emerging Market Economies (EMEs). EMEs have also been the main drivers of growth in the recovery following the global financial crisis. Nevertheless, EMEs continue to face a number of institutional and structural challenges that may...
Persistent link: https://www.econbiz.de/10013007646
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Growth and trade with frictions : a structural estimation framework
Anderson, James E.; Larch, Mario; Yotov, Yoto V. - 2015
We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through …, growth affects trade, directly through changes in country size and indirectly through altering the incidence of trade costs …. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …
Persistent link: https://www.econbiz.de/10011298529
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Military Expenditure, Threats, and Growth
Aizenman, Joshua; Glick, Reuven - 2003
This paper clarifies one of the puzzling results of the economic growth literature: The impact of military expenditure is frequently found to be non-significant or negative, yet most countries spend a large fraction of their GDP on defense and the military. We start by empirical evaluation of...
Persistent link: https://www.econbiz.de/10014087609
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Global Financial Crisis and the Link Between the Monetary and Real Sector : Moving Beyond the Asset-Backed Islamic Finance
Farooq, Mohammad Omar - 2010
A major factor behind this crisis is financialization of the system, with a growing disconnect between the monetary and the real sector. Some proponents of the Islamic finance claim such financial crisis would have been avoided, if asset-backed Islamic finance were adopted. However, while...
Persistent link: https://www.econbiz.de/10014200507
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Trade Liberalisation, Financial Development and Economic Growth
Arshad; Qayyum, Abdul - 2007
This paper empirically investigates the impact of trade and financial liberalisation on economic growth in Pakistan … advanced by Pesaran, et al. (2001). The empirical findings suggest that both trade and financial policies play an important … and trade policy variables are very low, suggesting further acceleration of the reform process. The feedback coefficient …
Persistent link: https://www.econbiz.de/10014050644
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Empirics of Growth and Development
Durlauf, Steven N.; Kourtellos, Andros; Tan, Chih Ming - 2011
We survey the recent literature on growth empirics in this paper. Modern growth economics has led to a rich and wide-ranging empirical literature replete with many new methodologies and many new findings. Yet in comparing the modern empirical literature to the traditional growth accounting...
Persistent link: https://www.econbiz.de/10014062187
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Trade Openness, Growth and Development : Evidence from Heterogeneous Panel Cointegration Analysis for Middle-Income Countries
Sakyi, Daniel - 2012
This paper investigates the impact of trade openness on economic growth and development for a sample of 85 middle … trade openness has been one of the main drivers of the level of development, but not of economic growth in middle income … countries. Secondly, that trade openness is both a cause and a consequence of the level of development in middle …
Persistent link: https://www.econbiz.de/10013097488
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From fossil fuels to renewables : studies on the effects of resource endowments and climate policy on economic outcomes
Montoya Gómez, Ana Maria - 2020
role that local institutions play in this context. Chapter 2 analyzes how greenhouse gas emissions of companies in OECD and …
Persistent link: https://www.econbiz.de/10012262529
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Determinants of human development: Capturing the role of institutions
Binder, Michael; Georgiadis, Georgios - 2011
' persistent characteristics, such as their institutions. Among our findings are that macroeconomic policies affect development …
Persistent link: https://www.econbiz.de/10010274921
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Ethnic geography : measurement and evidence
Hodler, Roland; Valsecchi, Michele; Vesperoni, Alberto - 2017
The effects of ethnic geography, i.e., the distribution of ethnic groups across space, on economic, political and social outcomes are not well understood. We develop a novel index of ethnic segregation that takes both ethnic and spatial distances between individuals into account. Importantly, we...
Persistent link: https://www.econbiz.de/10011747456