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to innovation and growth. Finally, an outline of the role of monetary policy in sustaining growth and innovations by …A brief overview is provided about India’s long-term growth performance. Then an attempt is made to set out the … productivity gains to real GDP growth is explained. Then the focus is given on the role of financial sector reforms in contributing …
Persistent link: https://www.econbiz.de/10005341753
political economy perspective. We consider an endogenous growth economy, where growth generates pollution and a deterioration of … the environment. Public expenditures may either be devoted to supporting growth or abating pollution. The decision over …, the less she will tax and devote resources to the environment, preferring to support growth. …
Persistent link: https://www.econbiz.de/10010750774
We revisit the evidence of the existence of a long -run link between financial intermediation and economic growth, by … testing of cointegration between the growth rate of real GDP, control variables and three series reflecting financial … intermediation. We consider a model with a factor structure that allows us to determine whether the finance-growth link is due to …
Persistent link: https://www.econbiz.de/10008793870
In this paper, we analyze the interaction between corruption, taxation and economic growth. Our contributions are … twofold. Theoretically, in an endogenous growth model, we introduce corruption in two different ways: corruption in the public … growth rate positively but it can also exert a negative effect via fiscal revenue. Not only does it tend to make the tax rate …
Persistent link: https://www.econbiz.de/10008805920
This paper reviews India’s experience to understand how services sector liberalisation can generate (welfare) gains for developing countries, in particular vis-à-vis its employment generation potential. The analysis has been based on India’s experience of an increasingly open service sector...
Persistent link: https://www.econbiz.de/10005699117
With a vast and diverse SME sector India’s industrialization owes much to the technological dynamism of enterprises. Various institutional interventions have been made to promote innovativeness in the sector, albeit, following economic reforms, it appears that the SME sector has not been...
Persistent link: https://www.econbiz.de/10009386042
growth. This paper analyses the innovation-productivity relationship at the industry-level for a sample of OECD manufacturing …Several recent policy and academic contributions consider that liberalising product markets would foster innovation and … and for a given time period. Contrary to the most widespread policy claims, the innovation-boosting effects of …
Persistent link: https://www.econbiz.de/10011025709
There has been a very rapid rise since the early 1990s in foreign reserves held by developing countries. These reserves have climbed to almost 30 percent of developing countries' GDP and 8 months of imports. Assuming reasonable spreads between the yield on reserve assets and the cost of foreign...
Persistent link: https://www.econbiz.de/10005699170
region will contribute nearly 40 percent of the growth in the world’s working-age (15–64) population over the next …
Persistent link: https://www.econbiz.de/10009493951
expenditure and capital expenditure on the growth rate of output in the Indian context along with other key potential determinants … of economic growth such as trade openness and private investment. It utilizes structural vector autoregression (SVAR …) methodology for examining the dynamic response of output growth to the shocks in major macro economic variables wherein public …
Persistent link: https://www.econbiz.de/10005699133