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for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the … presumed growth benefits of financial integration. Indeed, a new literature proposes that the indirect benefits of financial …
Persistent link: https://www.econbiz.de/10010269032
Institutions are now widely believed to be important in explaining performance. In this paper, we analyze whether … commonly used measures of institutions have any significant, measurable impact on performance, whether of countries or firms …. We look at three 'levels' of institutions and associated conjectures. The first concerns whether the political system …
Persistent link: https://www.econbiz.de/10010274658
innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth …We construct an endogenous growth model that includes a cultural variable along the dimension of individualism … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …
Persistent link: https://www.econbiz.de/10010274699
institutions are highly malleable even in advanced economies, while sustained economic growth could well be deep rooted in … economic development. If the sociopolitical, legal and economic transformations in the Anglo-Saxon world in the last three … identification, they too narrowly defined what Northian institutions entail. As a matter of fact, political, legal and economic …
Persistent link: https://www.econbiz.de/10010290007
real ?imperfect market? world. Many welfare state institutions only have a clear-cut negative effect against the background …This paper uses data from 20 OECD countries to investigate the impact of welfare state institutions (especially … empirically. It shows that the impact of welfare state institutions is not as clear-cut as the deregulationists' view suggests …
Persistent link: https://www.econbiz.de/10010262103
China has achieved impressive growth over the last three decades. However, there has been debate over the sources of … the growth, and the role of the intensive versus extensive margin. Growth accounting exercises at the aggregate level … have been doubts about the contribution of TFP improvements to growth. For the period between 1978 and 1998, Young (2003 …
Persistent link: https://www.econbiz.de/10010269571
We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … growth rates is consistent with the main implication of certain endogenous growth models, such as the AK model. …
Persistent link: https://www.econbiz.de/10010261921
This paper focuses on the importance data issues to the analysis of growth, poverty and economic inequality. We … introduce a number of major databases frequently used in applied research on growth, poverty and global and international …
Persistent link: https://www.econbiz.de/10010262015
between inequality and growth in the post World War II period using WIDER inequality database. Regression results suggest that … in the inequality and growth literature. These include growth, openness, wages, and liberalisation. We review the … existing cross-country empirical evidence on the effects of inequality on growth and the extent to which the poorest in society …
Persistent link: https://www.econbiz.de/10010262079
remittances and growth has not been adequately studied. This paper studies one of the links between remittances and growth, in …-constructed dataset for remittances covering about 100 developing countries, we find that remittances boost growth in countries with less …
Persistent link: https://www.econbiz.de/10010267976