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Article originally published in Banca Nazionale del Lavoro Quarterly Review, vol. 12 n. 51, December 1959, pp. 386-434.
Persistent link: https://www.econbiz.de/10010742207
The European Investment Bank contributes to EU objectives by providing long-term funding for specific projects in compliance with the prudential banking regulations. The EIB continuously adapts its activity to recent developments in EU policies. Within the EU, the EIB Group's ambition is to...
Persistent link: https://www.econbiz.de/10010817462
In a seminal contribution, Acemoglu, Johnson, and Robinson (2001) evaluate the effect of property rights institutions on national income using estimated mortality rates of early European settlers as an instrument for the risk of capital expropriation. Returning to their original sources, I find...
Persistent link: https://www.econbiz.de/10010818079
The task of economics is apparently changing. After confronting the limits to growth, the economic interests, methods …
Persistent link: https://www.econbiz.de/10010714178
’s Millennium Development Goals. We also examine the effect of conflict on economic growth. Conflict has clear detrimental effects …
Persistent link: https://www.econbiz.de/10011052058
predicated via three sub-chains (i) from marketization to growth, (ii) from growth to overall material development welfare and …
Persistent link: https://www.econbiz.de/10011126279
We analyze 1334 estimates from 67 studies that examine the effect of financial development on economic growth. Taken …. Studies that do not address endogeneity tend to overstate the effect of finance on growth. The effect seems to be weaker in … growth than other financial intermediaries. We find no evidence of publication bias in the literature. …
Persistent link: https://www.econbiz.de/10011161392
A theory is developed in which the extent to which growth in advanced industrial sectors trickles down to other sectors …. Using data from India, we investigate whether growth in the advanced sectors generates growth elsewhere in the economy, and …
Persistent link: https://www.econbiz.de/10011165363
primacy of growth as opposed to investments in health and education as propagators of development. Kerala is supposed to have … achieved development with little growth. The other striking feature of Kerala’s economy is the relatively low contribution of … manufacturing to its growth and the preponderance of the services sector in both growth and employment. Tamil Nadu, in contrast to …
Persistent link: https://www.econbiz.de/10011167121
This chapter describes how the spatial distribution of economic activity changes as economies develop and grow. We start with the relation between development and rural-urban migration. Moving beyond the coarse rural-urban distinction, we then focus on the continuum of locations in an economy...
Persistent link: https://www.econbiz.de/10011084674