Showing 1 - 10 of 44
Enhancing public and private investment, but also ensuring that this translates into higher growth and employment, have … long been key policy challenges in Arab countries. Reflecting an improvement in policies and global conditions, investment … differences across the region-investment has on average been somewhat weaker than in peer countries and less effective at …
Persistent link: https://www.econbiz.de/10014408616
This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital acquisition. We use the standard system GMM approach as well as...
Persistent link: https://www.econbiz.de/10014396933
This paper examines some factors that may have accounted for the investment and growth performance of Ghana during the …
Persistent link: https://www.econbiz.de/10014397501
The spectacular growth of many economies in East Asia over the past 30years has impressed the economics profession, which often refers to thesuccess of the so-called Four Tigers of the region (Hong Kong, Korea, Singapore, and Taiwan Province of China) as ""miraculous."" This papercritically...
Persistent link: https://www.econbiz.de/10014402766
This paper analyzes the effects of several policy and other macro-economic variables on the ratio of private investment … econometric evidence indicates that the rate of private investment is positively related to the real growth rate of GDP, public … sector investment, and to a lesser extent the level of per capita GDP, while it is negatively related to domestic inflation …
Persistent link: https://www.econbiz.de/10014395767
While there is a substantial body of literature on the effects of “debt overhang” on investment in heavily … of foreign debt acts as a disincentive to private investment in the specific case of the Philippines. The empirical … reduction (such as the one completed through the buyback operation in early 1990) would increase investment demand by something …
Persistent link: https://www.econbiz.de/10014395790
This paper develops a model of an open economy which employs distortionary taxes to finance public consumption, and with an access to the world capital market. The paper examines the efficiency of quantity restrictions on capital exports and the accompanying set of taxes. A distinction is made...
Persistent link: https://www.econbiz.de/10014395795
This paper examines the extent of international financial integration, and its consequences for the current account. The evidence indicates that financial liberalization in the 1970s and 1980s has resulted in a substantial movement towards closer integration of world capital markets. By reducing...
Persistent link: https://www.econbiz.de/10014395900
In the 1980s, U.S. real investment in high technology equipment has grown rapidly while other components of business … fixed investment have been weak. The surge in real high technology investment has been accompanied by a very sharp decline … investment was extended to cover the period through 1988, the equation for nonresidential structures performed much as before …
Persistent link: https://www.econbiz.de/10014396096
This paper extends recent work by Feldstein and Horioka (1980) and Bayoumi (1990), and examines saving-investment … non-EMS countries. It is seen that the EMS countries exhibit much lower saving-investment correlations than their non …
Persistent link: https://www.econbiz.de/10014396141