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Acceleration, Stagnation and Crisis: the Role of Policies and Institutions
Jerzmanowski, Michal - Volkswirtschaftliche Fakultät, … - 2011
role of institutions and macroeconomic policies in determining this sequence. We analyze the joint effect of policies and … institutions on the frequency of the four growth regimes: stable growth, stagnation, crisis and miracle-like fast growth. The … results confirm the importance of institutions for growth but also show that macro-policies; inflation, trade openness, size …
Persistent link: https://www.econbiz.de/10008871185
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Corruption and economic growth: A meta-analysis of the evidence on low-income countries and beyond
Ugur, Mehmet; Dasgupta, Nandini - Volkswirtschaftliche Fakultät, … - 2011
Corruption is a symptom and outcome of institutional deficiency, with potentially adverse effects on economic growth. This paper aims to provide a synthesis of the existing evidence on the relationship between corruption and economic growth - controlling for effect type, data sources, and...
Persistent link: https://www.econbiz.de/10009372561
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Federal, State, and Local Governments: Evaluating their Separate Roles in US Growth
Higgins, Matthew; Young, Andrew; Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2009
We use US county level data (3,058 observations) from 1970 to 1998 to explore the relationship between economic growth and the extent of government employment at three levels: federal, state and local. We find that increases in federal, state and local government employments are all negatively...
Persistent link: https://www.econbiz.de/10005616935
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Esclavagisme et colonisation : Quelles conséquences contemporaines en Afrique ? - Résumé critique des travaux de l'économiste Nathan Nunn
Kodila-Tedika, Oasis - Volkswirtschaftliche Fakultät, … - 2013
This article aims to highlight the first work of economist Nathan Nunn on slavery and colonization. Indeed, for the latter, these two historical facts, quantifiable consequences, have defined the path of economic development of African countries. Secondly, this paper discusses the findings of...
Persistent link: https://www.econbiz.de/10011260637
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Institutions and Economic Performance: Cross-Country Tests Using Alternative Institutional Indicators
Knack, Stephen; Keefer, Philip - Volkswirtschaftliche Fakultät, … - 1995
This paper compares more direct measures of the institutional environment with both the instability proxies used by Barro (1991) and the Gastil indices, by comparing their effects both on growth and private investment. The results provide substantial support for the position that the...
Persistent link: https://www.econbiz.de/10008530718
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Equity Criteria as Instrument to Ensure Sustainability of Pareto or Kaldor-Hicks Efficiency: A Correlation Hidden by Sources of Confounding as Key for Sorting Out the Global Econom...
Benazzo, Piero - Volkswirtschaftliche Fakultät, … - 2010
, requiring cooperation and redistribution, call the international institutions to coordinate their action for harmonizing such …
Persistent link: https://www.econbiz.de/10008540106
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Policy-Induced Changes in Income Distribution and Profit-Led Growth in A Developing Economy
Mitra Thakur, Gogol - Volkswirtschaftliche Fakultät, … - 2013
In a demand-side growth model we show that a developing economy may experience a steady positive equilibrium growth rate of investment and profit as long as– investment in the economy is responsive to the aspirations of the richer section of the population to match the consumption level of the...
Persistent link: https://www.econbiz.de/10011108849
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Bank stock returns and economic growth
Cole, Rebel; Moshirian, Fari; Wu, Qionbing - Volkswirtschaftliche Fakultät, … - 2007
Previous research has established (i) that a country’s financial sector influence future economic growth and (ii) that stock market index returns affect future economic growth. We extend and tie together these two strands of the growth literature by analyzing the relationship between banking...
Persistent link: https://www.econbiz.de/10005836488
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The Long-Term Effects of Protestant Activities in China
Chen, Yuyu; Wang, Hui; Yan, Se - Volkswirtschaftliche Fakultät, … - 2014
Does culture, and in particular religion, exert an independent causal effect on long-term economic growth, or do culture and religion merely reflect the latter? We explore this issue by studying the case of Protestantism in China during the late nineteenth and early twentieth centuries....
Persistent link: https://www.econbiz.de/10011258769
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Bank stock returns and economic growth
Cole, Rebel; Moshirian, Fari; Wu, Qionbing - Volkswirtschaftliche Fakultät, … - 2007
Previous research has established (i) that a country’s financial sector influence future economic growth and (ii) that stock market index returns affect future economic growth. We extend and tie together these two strands of the growth literature by analyzing the relationship between banking...
Persistent link: https://www.econbiz.de/10011259225