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Remittances, finance and growth : does financial development foster the impact of remittances on economic growth?

Sobiech, Izabela - In: World development : the multi-disciplinary … 113 (2019), pp. 44-59

Persistent link: https://www.econbiz.de/10012128680

Equity market liberalization, credit constraints and income inequality

Sun, Puyang; Sen, Somnath; Jin, Shujing - In: Economics - The Open-Access, Open-Assessment E-Journal 7 (2013), pp. 1-28

This paper provides compelling evidence that equity market liberalization, as the most efficient way to smooth financial market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality by promoting increased human capital accumulation. The authors examine...

Persistent link: https://www.econbiz.de/10010954791

China's March to Prosperity: Reforms to Avoid the Middle-income Trap

Koen, Vincent; Herd, Richard; Hill, Sam - Economics Department, Organisation de Coopération et … - 2013

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/10011277005

Chapter 7 Growth Theory through the Lens of Development Economics

Banerjee, Abhijit V.; Duflo, Esther - 2005

Growth theory has traditionally assumed the existence of an aggregate production function, whose existence and properties are closely tied to the assumption of optimal resource allocation within each economy. We show extensive evidence, culled from the micro-development literature, demonstrating...

Persistent link: https://www.econbiz.de/10014023780

China's march to prosperity : reforms to avoid the middle-income trap

Koen, Vincent; Herd, Richard; Hill, Sam - 2013

Persistent link: https://www.econbiz.de/10010231008

Remittances for economic development: The investment perspective

Le, Thanh - In: Economic Modelling 28 (2011) 6, pp. 2409-2415

Based on the economic theory of the family, this paper constructs a model of remittances where the migrant, besides …

Persistent link: https://www.econbiz.de/10010573346

Remittances, growth and poverty: New evidence from Asian countries

Imai, Katsushi S.; Gaiha, Raghav; Ali, Abdilahi; … - In: Journal of Policy Modeling 36 (2014) 3, pp. 524-538

The present study re-examines the effects of remittances on growth of GDP per capita using annual panel data for 24 …. However, our analysis also shows that the volatility of capital inflows such as remittances and FDI is harmful to economic … growth. This means that, while remittances contribute to better economic performance, they are also a source of output shocks …

Persistent link: https://www.econbiz.de/10010785248

The finance-growth nexus revisited: From origins to a modern theoretical landscape

Stolbov, Mikhail - In: Economics - The Open-Access, Open-Assessment E-Journal 7 (2013), pp. 1-22

The paper recounts the history of the finance-growth nexus research from its origins to the yearly 1990s. The contributions are analyzed in connection with the socioeconomic context and advances in economic theory. Many ideas first expressed decades ago are still subject to constant discussions...

Persistent link: https://www.econbiz.de/10010954749

Financial Development and Economic Growth in Tanzania: A Dynamic Casualty Test

Odhiambo, Nicholas - In: The African Finance Journal 7 (2005) 1, pp. 1-17

This study investigates empirically the role of financial development on economic growth in Tanzania. Unlike many previous studies, the study uses three proxies of financial development against real GDP per capita (a proxy for economic growth). Using the Johansen-Juselius cointegration method...

Persistent link: https://www.econbiz.de/10008503550

How does financial system efficiency affect the growth impact of FDI in China?: Evidence from provincial data 1999-2006

Xu, Ying - In: China Finance Review International 2 (2012) August, pp. 406-428

Purpose–In spite of being the second largest recipient of foreign direct investment (FDI) in the world, China shows limited evidence of considerable FDI benefits on growth (Fan and Hu; Luo; Ran et al.). Motivated by Alfaro et al.'s model, the purpose of this study is to test whether poor...

Persistent link: https://www.econbiz.de/10010565825