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relationship between financial inclusion and Gross Domestic Product (GDP) per capita in the Least Developed Countries (LDCs) using … panel data for the period 1990-2021. The empirical evidence suggests that financial inclusion is indeed related to economic … growth in the LDCs. We consider different dimensions of financial inclusion: usability (% of bank credit to bank deposits …
Persistent link: https://www.econbiz.de/10014534365
. The analysis proposed is based on a panel data approach and the Arellano-Bond estimator for dynamic panels. We obtain …, and investment in infrastructures. We employ a generalised least squares AR(1) panel data model. The results provide …
Persistent link: https://www.econbiz.de/10011324906
This paper offers a concise survey on the literature of growth empirics applying to DCs. It is argued that there is a number of important stylised facts of economic growth relevant to DCs which are not included in the corresponding lists of Kaldor and Romer. In contrary to the usual procedure,...
Persistent link: https://www.econbiz.de/10010306047
While developing Asia has recovered strongly from the global crisis, the region faces the medium- and long-term challenge of sustaining growth beyond the crisis. The central objective of this paper is to empirically investigate the sources of economic growth in 12 developing Asian economies...
Persistent link: https://www.econbiz.de/10011432686
output gaps, and can be applied when N is large relative to T (the time dimension of the panel). The proposed test is applied … to output series in the Penn World Tables over 1950-2000, as well as to Maddion's historical series over 1870 …
Persistent link: https://www.econbiz.de/10010276156
output gaps, and can be applied when N is large relative to T (the time dimension of the panel). The proposed test is applied … to output series in the Penn World Tables over 1950-2000, as well as to Maddion?s historical series over 1870 …
Persistent link: https://www.econbiz.de/10010276183
using time series data from 1980 to 2004. We first estimate a panel data model (using fixed and random effects) for the real … of real exchange rate misalignment using panel cointegration methods. The variables used in our real exchange rate models …-step System GMM panel growth models indicate that the coefficients for real exchange rate misalignment are positive for different …
Persistent link: https://www.econbiz.de/10010270496
Dynamic panel data methods are used to estimate a growth model using data from 23 transition countries for the period …
Persistent link: https://www.econbiz.de/10011470765
The number of variables related to long-run economic growth is large compared with the number of countries. Bayesian model averaging is often used to impose parsimony in the cross-country growth regression. The underlying prior is that many of the considered variables need to be excluded from...
Persistent link: https://www.econbiz.de/10011605280
The growth effects of international financial liberalization and integration are investigated using the methodology and data developed by Rajan and Zingales (1998). The main result is that industries highly dependent on external financing do not experience higher growth in value added in...
Persistent link: https://www.econbiz.de/10010281407