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This paper explores the influences of financial deepening on growth and its volatility. Following a review of the … output growth but that finance has not shown a significant relationship with output volatility. In the Mexican case …, financial deepening has reduced the volatility of growth which, in turn, has induced higher output growth rates. Further, higher …
Persistent link: https://www.econbiz.de/10010675900
This paper explores the influences of financial deepening on growth and its volatility. Following a review of the … output growth but that finance has not shown a significant relationship with output volatility. In the Mexican case …, financial deepening has reduced the volatility of growth which, in turn, has induced higher output growth rates. Further, higher …
Persistent link: https://www.econbiz.de/10010823279
This study aims at understanding regional growth dynamics in Japan using nonstationary panel data. Since the panel unit …
Persistent link: https://www.econbiz.de/10005042216
This study was prepared by Beate Schirwitz while she was working at the Ifo Institute’s Dresden Branch. It was completed in February 2012 and accepted as a doctoral thesis by the Faculty of Law, Management, and Economics at the Johannes Gutenberg University Mainz in July 2012. It focuses on a...
Persistent link: https://www.econbiz.de/10011698337
The slow recovery following the 2008/2009 recession has led to renewed interest in the question whether deep recessions lower real GDP permanently or whether we can expect a rebound to earlier trend levels. Using a recent quantile autoregression unit root test we check whether shocks to real GDP...
Persistent link: https://www.econbiz.de/10010340611
This study estimates and tests the endogeneity of the natural rate of growth using the balance-of-payments consistent rate of growth (BPCRG) instead of the actual rate of growth. Our approach is also theoretically compatible with the one proposed by Thirlwall (2001). Following this idea, we...
Persistent link: https://www.econbiz.de/10010462545
Can a growing welfare state induce a regime switch in the growth rate of an economy? This paper constructs a dynamic political economy model of economic growth and the welfare state in which both variables are non-linearly related and jointly endogenous. Using a Markov switching framework over...
Persistent link: https://www.econbiz.de/10010260719
This paper investigates the empirical relationship between labor productivity, real wages and real GDP in Singapore from 1997 to 2011. The paper begins with a review of productivity, wage and growth situations in Singapore in the past decade and further attempts to uncover the underlying...
Persistent link: https://www.econbiz.de/10013118877
The issue of capital flows is considered to be the most accessible route for economic growth whereby investment is regarded as the engine of growth. The worldwide changes have recognized the importance of Foreign Direct Investment (FDI) as one of the possible options to stimulate growth...
Persistent link: https://www.econbiz.de/10013097344
The aim of this study is to empirically test the export-led growth hypothesis in the Republic of Macedonia, as small and open economy. In other words, the question trailed is whether by export promotion the country could impinge on its overall economic development. For that purpose, quarterly...
Persistent link: https://www.econbiz.de/10012776540