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, institutions and growth. Drawing on cross-sectional as well as panel data, it presents new empirical results showing that the form …
Persistent link: https://www.econbiz.de/10014065998
We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through …, growth affects trade, directly through changes in country size and indirectly through altering the incidence of trade costs …. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …
Persistent link: https://www.econbiz.de/10011298529
This paper clarifies one of the puzzling results of the economic growth literature: The impact of military expenditure is frequently found to be non-significant or negative, yet most countries spend a large fraction of their GDP on defense and the military. We start by empirical evaluation of...
Persistent link: https://www.econbiz.de/10014087609
Persistent link: https://www.econbiz.de/10008732476
This paper empirically investigates the impact of trade and financial liberalisation on economic growth in Pakistan … advanced by Pesaran, et al. (2001). The empirical findings suggest that both trade and financial policies play an important … and trade policy variables are very low, suggesting further acceleration of the reform process. The feedback coefficient …
Persistent link: https://www.econbiz.de/10014050644
We survey the recent literature on growth empirics in this paper. Modern growth economics has led to a rich and wide-ranging empirical literature replete with many new methodologies and many new findings. Yet in comparing the modern empirical literature to the traditional growth accounting...
Persistent link: https://www.econbiz.de/10014062187
This paper investigates the impact of trade openness on economic growth and development for a sample of 85 middle … trade openness has been one of the main drivers of the level of development, but not of economic growth in middle income … countries. Secondly, that trade openness is both a cause and a consequence of the level of development in middle …
Persistent link: https://www.econbiz.de/10013097488
Persistent link: https://www.econbiz.de/10012543537
role that local institutions play in this context. Chapter 2 analyzes how greenhouse gas emissions of companies in OECD and …
Persistent link: https://www.econbiz.de/10012262529
Persistent link: https://www.econbiz.de/10013482260