... will definitely act to remove politicians that engage in significant growth- impairing corruption This ability to punish elected officials provides a powerful incentive for politicians to confine ... their corrupt activities to economically irrelevant activities This is a rather common-sense intuition, but it has interesting implications for the relationships between democracy, corruption, and ... political parties put in place mechanisms that constrain individual politicians from engaging in growth- impairing corruption Finally, democratic regimes are likely to provide greater political independence...
... and profit maximizing private activity can be maintained with higher political rights and civil liberties In addition, Bhagwati (1995) argues that democracies rarely engage in military conflict ... of Economics and Statistics, European Economic Review, American Economic Review, Public Choice, Applied Economics, Journal of Theoretical Politics, World Politics and International Sociology 28 ... for positive empirical prediction between inequality andgrowth 28 protection of economic freedom and civil and political rights require government spending (Pritchett and Kaufman 1998 and de...
... and profit maximizing private activity can be maintained with higher political rights and civil liberties In addition, Bhagwati (1995) argues that democracies rarely engage in military conflict ... of Economics and Statistics, European Economic Review, American Economic Review, Public Choice, Applied Economics, Journal of Theoretical Politics, World Politics and International Sociology 28 ... for positive empirical prediction between inequality andgrowth 28 protection of economic freedom and civil and political rights require government spending (Pritchett and Kaufman 1998 and de...
... will definitely act to remove politicians that engage in significant growth- impairing corruption This ability to punish elected officials provides a powerful incentive for politicians to confine ... their corrupt activities to economically irrelevant activities This is a rather common-sense intuition, but it has interesting implications for the relationships between democracy, corruption, and ... political parties put in place mechanisms that constrain individual politicians from engaging in growth- impairing corruption Finally, democratic regimes are likely to provide greater political independence...
... underutilized and untapped labor in concluding that population aging is not likely to cause significant problems for China's economicgrowth Urbanization and Population Aging in China Conditions and ... from which to learn 30 In many other aspects of socioeconomic development, India is also trailing behind China India’s economic initiatives to free it from prior bureaucratic and socialist torpor ... their skills 38 Bloom, David E., David Canning, Linlin Hu, Yuanli Liu, Ajay Mahal, and Winnie Yip, ‘The Contribution of Population Health and Demographic Change to EconomicGrowth in China and India’,...
... consuming relatively more money in times of economic recession The coefficient on the investment share of GDP is positive and highly significant, which is not surprising since investment is an important ... factor that might determ economicgrowth is inequality The gini coefficient is obtained from the World Income Inequality Database, which is a compilation of several gini coefficient sources, ... despite their social background, which provides a national feeling and a strong sign of unity It also might endow with social and political stability, since it is not as temporary as presidencies...
... of an American firm called Combustion Engineering It turned out that ABB eventually “inherited” (if that is the right word) the unexpected liabilities of its subsidiary These liabilities resulted ... sophistication in determining how the patterns of work might be optimally redesigned in order to exploit the vastly expanded capabilities of the latest generation of computers Innovation in tourism ... been building models in which economicgrowth was treated as if it was primarily a matter of adding more inputs into the productive process, especially inputs of capital The large residual told...
... frontier in economicgrowth Richard Easterlin (1960) provided an empirical foundation for regional influences on the growth of individual states Implicit in Easterlin’s analysis is an exogenous growth ... taxes create a disincentive to earning taxable income Individuals and firms have an incentive to engage in activities that minimize their tax burden As they substitute activities that are taxed ... hypothesis In all of these equations the sign on the coefficient for initial relative per capita personal income (RPCPI) is negative and significant, which means that the higher the initial level...
... Introduction Like many countries, industrialised and developing, one of the most fundamental objectives of macroeconomic policies in Fiji is to sustain high economicgrowth together with low inflation ... others provide useful insights into the relationship between the two variables and to determine the advantages of maintaining price stability Looking specifically at Fiji’s economicand inflation performance, ... more industry specific causes) Having stated the theoretical possibilities, if inflation is indeed detrimental to economic activity and growth, then how low should inflation be? The answer to this...
... urban life, mass-citizenship and the administrative state; Augmenting the size and fitness of the population available for increasing the division of labor in industrial work and life; and These ... cooperation-interdependency 14 Cisco Public Education andEconomicGrowth Augmenting the size and fitness of the population available for increasing the division of labor in industrial work and life ... of interdependency, diverse expressions of freedoms and internalized responsibilities And that by understanding the enabling and limiting role of schooling in this process of social evolution...
... characteristics and on initial values of state variables, including stocks of human and physical capital 19 For a given level of initial per capita GDP, a higher initial stock of human capital signifies ... behavior — including its monetary and fiscal policies and its political stability — is a reaction to economic events For most of the empirical results, the Whereas researchers and policymakers in ... country maintains strong institutions and policies today, then it is likely also to maintain these tomorrow In this model, a permanent improvement in some government policy initially raises the growth...
... The first major topic of discussion was the availability of capital for small businesses, and by extension, the ability of lending institutions to provide credit white house forum on jobs andeconomic ... repairing existing assets in established communities •• Mark Ayers noted that while there is private money available to support training, any significant training effort will require more funding ... opportunities like Americorps Overarching Issue: Putting a price on carbon and overall financial challenges Participants highlighted the need for predictability and certainty by putting a price on...
... consistent with our empirical findings that: ( a ) liquidity is positively associated with economic growth; and ( b ) neither liquidity nor international capital market integration is associated ... robust link with long- run growth Volatility is insignificantly comelated with growth in most specifications Similarly, market size and international integration are not robustly linked with growth, ... Capitalization, initial Value Traded, initial Turnover, initial Inflation, initial ratio of international trade to GDP (Trade), initial Government, and initial Black Market Premium The first-stage...
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... and simplification of the original capabilities theory.1 Notably missing were measures of political freedom and income inequality Furthermore, any quantitative ranking raises difficult empirical ... the case for HD and what produces HD Section III discusses similar issues for EG, and Section IV concludes, analyzing the two-way relationship between them II Growthand its Impact on Human Development ... development thinking, causing developing countries to publish their own national-level human development reports and indices and modifying their policies Income growth clearly strikes one as the main contributor...
... 1991b David, Paul “Invention and Accumulation in America’s Economic Growth: A Nineteenth Century Parable.” In Industrial Organization, National Priorities, andEconomic Development, edited by ... find that traditional Solow growth models generate implausible transition paths in shifting from one equilibrium to another There is an extensive simulation literature showing transitional gains ... marginal pro-duct in the noncorporate sector Without any tax distortion, the profit-maximizing and most efficient point is C; the mar-ginal productivity of capital is equalized in both sectors and...
... remain significant when included in a modified Barro [1991] specification The estimated coefficient on SXP is -9.17 (t-ratio= -6.26) and on SOPEN is 1.96 (t-ratio=4.57) With the exception of initial ... growth divided by the economically active population rather than dividing by population In table V we report a similar replication exercise with the financial variables of King and Levine [1993] ... replicate their basic result in the first column: a significant coefficient on EQUIP and an insignificant coefficient on NES (investment spending on everything else) In the second regression,...
... Introduction i Access to Finance andEconomicGrowth in Egypt ii Access to Finance andEconomicGrowth in Egypt Introduction iii Middle East and North African Region Access to Finance andEconomic ... Acknowledgments xiii Executive Summary xvii I Introduction II Sources for Financial Services: The Banking Sector 23 III Sources for Financial Services: Non-bank Financial Services 55 IV Institutional Environment ... SFD SIF SME SOE SRC SRO TSX US$ WBES WFE International Financial Reporting Standards Islamic Financial Institutions Islamic Financial Services Islamic Investment Companies Initial Public Offerings...
... Service, Capital Inflows andEconomicGrowth This study will examine the interaction among economic growth, external debt service and capital inflow using time series data for Turkey and using ... heavily indebted countries iv- It is also argued that direct private investment is important in the debtgrowth relationship, since direct private investment does not affect economicgrowth but it ... service andeconomicgrowthand capital inflow is provided Section presents a research design and describe and specify our simultaneous equations In section 5, theoretical expectations and hypothesis...