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Financial development and growth in the short and long run
Fisman, Raymond - 2004
"We analyze the relationship between financial development and inter-industry resource allocation in the short- and long-run. We suggest that in the long-run, economies with high rates of financial development will devote relatively more resources to industries with a 'natural' reliance on...
Persistent link: https://www.econbiz.de/10010523015
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Understanding long-run economic growth : geography, institutions, and the knowledge economy
Costa, Dora L. (ed.); Sokoloff, Kenneth L. (honouree);  … - 2011
Persistent link: https://www.econbiz.de/10009355394
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Technology in the Great Divergence
Clark, Gregory - 2001
things: (1) that incomes per capita diverged more around the world after 1800 than before; (2) that the source of this …
Persistent link: https://www.econbiz.de/10012470120
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The Effect of Health on Economic Growth : Theory and Evidence
Bloom, David E. - 2001
Macroeconomists acknowledge the contribution of human capital to economic growth, but their empirical studies define human capital solely in terms of schooling. In this paper, we extend production function models of economic growth to account for two additional variables that microeconomists...
Persistent link: https://www.econbiz.de/10012470129
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A Tariff-Growth Paradox? Protection's Impact the World Around 1875-1997
Clemens, Michael A. - 2001
This paper uses a new database to establish two findings covering the first globalization boom before World War I, the … second since World War II, and the autarkic interlude in between. First, there is strong evidence supporting a Tariff …-Growth Paradox: protection was associated with fast growth before World War II, while it was associated with slow growth thereafter …
Persistent link: https://www.econbiz.de/10012470259
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Financial Systems, Economic Growth, and Globalization
Rousseau, Peter L. - 2001
This paper brings together two strands of the economic literature -- that on the finance-growth nexus and that on capital market integration -- and explores key issues surrounding each strand through both institutional/country histories and formal quantitative analysis. We begin with studies of...
Persistent link: https://www.econbiz.de/10012470401
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Dollarization and Economic Performance : An Empirical Investigation
Edwards, Sebastian - 2001
In this paper I investigate the historical record of countries that have lived under a 'dollarized' monetary system. As it turns out, this is a very small group of counties, most of which have operated under very special circumstances, and for which there are very limited data. The results...
Persistent link: https://www.econbiz.de/10012470450
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Does Financial Liberalization Spur Growth?
Bekaert, Geert - 2001
We show that equity market liberalizations, on average, lead to a one percent increase in annual real economic growth over a five-year period. The liberalization effect is not spuriously accounted for by macro-economic reforms and does not reflect a business cycle effect. Although financial...
Persistent link: https://www.econbiz.de/10012470479
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Population Growth, Technological Adoption and Economic Outcomes : A Theory of Cross-Country Differences for the Information Era
Beaudry, Paul - 2001
The object of this paper is to show how population growth, through its interaction with recent technological and organizational developments, can account for many of the cross-country differences in economic outcome observed among industrialized countries over the last 20 years. In particular,...
Persistent link: https://www.econbiz.de/10012470577