Showing 1 - 10 of 51
uncertainty on capital inflows generates long-term growth while the deterministic counterpart does not: long-term growth is … entirely driven by precautionary savings, and the asymptotic growth rate of the expected capital stock is increasing in both …
Persistent link: https://www.econbiz.de/10010743702
negatively the growth gains from trade liberalisation. Variations in the growth rate of value added–decomposed in the growth rate … of the number of establishments and the growth rate in average size–of manufacturing industries in 34 developing … countries before and after trade liberalisation are used to study the effects of inequality on the difference in growth under …
Persistent link: https://www.econbiz.de/10010702782
We examine the (potentially nonlinear) relationship between inequality and growth using a method which does not require …
Persistent link: https://www.econbiz.de/10011208448
We analyze the impact of healthcare financing on economic growth, focusing on the issue of the joint public …–private financing of healthcare (co-payment). We use an overlapping-generations model with endogenous growth based on health human …-finance adulthood curative care. From a growth maximizing perspective, distortionary taxes give an advantage to co …
Persistent link: https://www.econbiz.de/10010784995
We find that an expansion of credit has a positive effect on per capita output growth only up to a point. Beyond this … threshold the impact of finance on growth is not statistically significant anymore. We show, however, that the estimated non … impact on growth in mature financial systems, and include the magnitude of financial cycles as well as the importance of non …
Persistent link: https://www.econbiz.de/10010930711
We show that financial development has a non-monotonic effect on growth in the Rajan and Zingales (1998) and Fisman and … Love (2007) sample. Beyond a threshold, financially dependent industries and industries facing good growth opportunities …
Persistent link: https://www.econbiz.de/10011041651
Scholars have often argued that crime hinders growth, but the empirical literature assessing such an effect is scarce …-related crime indeed deters growth. …
Persistent link: https://www.econbiz.de/10011041653
This paper explores some implications of the comparison between feedback Nash and Stackelberg equilibria for growth and … growth rate, while it leaves both the leaders and the followers better off, i.e., the Stackelberg equilibrium is Pareto …
Persistent link: https://www.econbiz.de/10010576430
In a Barro-type economy with exogenous consumption aspirations, raising income taxes favors growth even in the presence … of lump-sum taxes. Such a policy is compatible with the behavior of private consumption, income taxes and growth rates …
Persistent link: https://www.econbiz.de/10010576445
There is a view in the literature that curbing corruption is concurrently growth augmenting. We present evidence that … such is not always the case: independent of its indirect effects, a drop in corruption is growth augmenting only if there …
Persistent link: https://www.econbiz.de/10010597185