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A growing body of recent macroeconomic evidence suggests that volatility is detrimental to economic growth. The channels through which volatility affects growth, however, are less clear; substantive evidence based on disaggregate data is almost non-existent. This paper offers a framework in...
Persistent link: https://www.econbiz.de/10003775716
In diesem Aufsatz analysieren wir die Beziehung zwischen politischer Instabilität und Wirtschaftswachstum für … kausale Beziehungen zwischen politischer Instabilität und Wirtschaftswachstum zu identifizieren. Die empirischen Ergebnisse …- und Konsumverhalten um 4 bis 7 % verringert. Steigt hingegen das Wirtschaftswachstum, verringert dies die politische …
Persistent link: https://www.econbiz.de/10014228376
There exists a persistent disagreement in the literature over the effect of business cycles on economic growth. This paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a negative indirect effect, operating through the insurance...
Persistent link: https://www.econbiz.de/10010228789
This study articulates the interaction between institutional governance, education and economic growth. Given the current pursuit of education policy reforms and knowledge economy around the world, it is of policy relevance to theoretically analyze the main mechanisms by which the macroeconomic...
Persistent link: https://www.econbiz.de/10011596860
There exists a persistent disagreement in the literature over the effect of business cycles on economic growth. This paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a negative indirect effect, operating through the insurance...
Persistent link: https://www.econbiz.de/10013071293
This study looks at some non-conventional determinants of economic growth, with the help of the newly developed economic freedom index datasets of the Heritage Foundation/Wall Street Journal(HF/WSJ), which is a cumulative index derived from several sub-indices (trade freedom index, financial...
Persistent link: https://www.econbiz.de/10011448023
Corruption is widely believed to negatively affect economic growth. However, many East and Southeast Asia countries either achieved or currently are achieving impressively rapid economic growth despite widespread corruption - the 'East Asian Paradox'. Is this negative relationship equally likely...
Persistent link: https://www.econbiz.de/10012102930
Both institutional quality and institutional stability have been argued to stimulate economic growth. But to improve institutional quality, a country must endure a period of institutional change, which implies at least a little and possibly a lot of institutional instability. We investigate the...
Persistent link: https://www.econbiz.de/10013158839
This paper estimates the potential income gains associated with greater gender parity in social institutions and the cost of the current level of discrimination. Using cross-country analysis, it investigates how gender-based discrimination in social institutions, measured by the OECD Development...
Persistent link: https://www.econbiz.de/10011580786
This article analyses the main determinants of income per capita based on a sample of 50 countries for the period 2005 to 2009, using multivariate statistics. The results show that institutional indicators (heterodox) have a greater impact on the welfare of the population than the traditional...
Persistent link: https://www.econbiz.de/10013078946