finance and the sources of growth journal of financial economics

... productivity growth, (iii) experience more rapid capital accumulation, and (iv) have higher saving rates. To evaluate the impact of banks on growth and the sources of growth, we seek an indicator of the ... model. IV. Finance and the channels to economic growth This section presents the results of the cross-country and panel regressions of real per capita GDP growth, productivity per capita growth, and ... on other measures of financial development. To assess the robustness of our results, we use two other measures of financial development. LIQUID LIABILITIES equals the liquid liabilities of the financial...

Ngày tải lên: 27/01/2014, 11:20

... Development Economics, 1996 (Washington, DC: The World Bank). Chernow, Ron, 1997, The Death of the Banker. The Decline and the Fall of the Great Financial Dynasties. The Triumph of the Small Investor (New York: ... incentive-related policy implications of circuit theory of finance. Section I.2 discusses the special role of the financial system as the core of the circuit process, and reports on recent empirical ... output stabilizes the flow of funds that firms need to re- appropriate at the end of the circuit process. In terms of the CTF model discussed above, the large role of the state in the financial sector...

Ngày tải lên: 24/10/2012, 09:33

Ngày tải lên: 09/08/2014, 02:21

... horses and elephants— especially the latter the driving of chariots, and the use of the broadsword, the bow, and the mogdars or Indian clubs. They were ordered to be skilful in all kinds of games, ... "When the king and the ministers and the officers and the courtiers saw Vasantasena, and her spouse carrying the baby, they recognized her from afar. The Raja exclaimed, 'Lo! this is the ... Another old Hindu story-book relates, in the popular fairy-book style, the wondrous adventures of the hero and demigod, the great Gandharba-Sena. That son of Indra, who was also the father of...

Ngày tải lên: 16/02/2014, 21:20

... sup- port needed to maintain the shape and organization of the cell and the scaffolding for the actions of catalytic molecules such as motor proteins. Nowadays, the actin cytoskeleton is widely ... natural blocker of the Na + pump and an inhibitor of palytoxin action, have pro- vided interesting findings. Through the partial inhibition of Na + ⁄ K + -ATPase, and regardless of changes in intra- cellular ... spectrin, actin and ankyrin [48,49], and even regulation of Na + pump activity might depend on its linkage to the actin filament system [50,51]. In any case, the study of the possible existence of some...

Ngày tải lên: 18/02/2014, 14:20

... but also by the quantity and quality of the labor force. The indicators of the quantity and quality of the labor force include the change in the proportion of the population in their prime-age ... of Top 0.01% Source: Piketty and Saez. Note: The vertical axis is the share of total income. The observed relationship between the top tax rates and the income share of the top 0.1% and the ... at the top of the income distribution are currently at their lowest levels since the end of the second World War. The results of the analysis suggest that changes over the past 65 years in the...

Ngày tải lên: 20/02/2014, 19:20

Ngày tải lên: 07/03/2014, 02:20

... person the right to receive payment of the sum for the time being due on the savings certificate on the death of holder thereof and before the maturity of the certificate, or before the certificate ... (8) The nomination of any person to receive the amount standing to the credit of subscriber in the Fund in the event of his death and the cancellation or change of such nomination. (9) The ... event of my/our death, of the amount standing at the credit of the account(s) Name and address of nominee(s) If nominee is minor Date of Birth Name and address of person who may receive the...

Ngày tải lên: 15/03/2014, 10:20

Ngày tải lên: 23/03/2014, 05:22

... that the pres- ence of the two terminal short stretches of adenines at the 5Â and the 3Â ends of the ARS were not essential for binding to IMP1 (Fig. 3B: lanes 2 and 3, and the sequence of ARS and ... whether dimerization between PABP and IMP1 prior to binding the RNA could alter their binding site on the ARS. To understand the molecular nature of the interac- tion of IMP1 with the ARS and ... analyses using the ARS RNA and purified 6· His-IMP1 (Fig. 3F). The results show protection of the sequence at the 3Â end of the ARS in presence of IMP1 (Fig. 3F: compare lanes 4 and 5). Comparison of this...

Ngày tải lên: 23/03/2014, 10:20

... minority of the LPS molecules, an O-acetyl group is present in the outer core region at unknown position. The site and the configuration of the linkage between the O-polysaccharide and the core and the ... elucidation of the core phosphorylation pattern, the O-polysaccharide biolo- gical repeating unit, and the site and the mode of the attachment of the O-polysaccharide to the core. MATERIALS AND METHODS Bacterium ... the mode and the site of the linkage between the O-polysaccharide and the core. It was found that the QuiNAc residue, which occupies the reducing end of the biological repeating unit, has the b...

Ngày tải lên: 24/03/2014, 03:21

... supposed causes of the lack of effectiveness, that is, will the sector-based approach give the director of the AFF Program adequate authority and resources to direct the intramural and extramural ... toward achieving the goals of the AFF Program. It is difficult to assess the adequacy of production inputs given the lack of detail regarding the distribution of Ag Center funding and how it is ... to the director of the AFF Program. That most probably limits the abil- ity of the AFF director to manage and allocate resources, and this limitation could Copyright â National Academy of Sciences....

Ngày tải lên: 29/03/2014, 13:20

... 2003). 64 The correlation of the change in the growth of the monetary base with the top statutory tax rate is 0.031 and with the top capital gains tax rate is 0.003. The correlation of the average ... 17 The standard deviation of the average tax rate is 1.2. The average marginal tax rate (the average of the marginal tax (continued ) Taxes and the Economy: An Economic Analysis of the Top ... index of output per hour; it can be affected not only by taxes but also by the quantity and quality of the labor force. The indicators of the quantity and quality of the labor force include the...

Ngày tải lên: 31/03/2014, 05:21

... that the more the noun's relation to human becomes closer and the more the level of abstract of the noun becomes lower the numbers of verbs that are closely related to them ~id therefore ... associate to them (nouns) become large. And that the numbers of associated ideoms or ideom like parases become large, Therefore, the division of categories must further be done. The process of constructing ... at the lower level categories. (2) To each verb found in the process of the association, consults ordinary dictionary of translation equivalents and word usage of verbs and obtain the set of...

Ngày tải lên: 31/03/2014, 17:20

... plight of an apostle of a new doctrine. On the other hand, the apostle of the new doctrine was perhaps good enough for the preachers of the old. Two years before this, the priest of the church of ... see the son of the honourable tiller of the soil so ready to quit the noble calling of his forefathers, nor so ready to go and sully himself with the liveries and with the contempt of the man of ... future rewards and punishments, the incarnation, immortality, the two principles of the Manicheans, the Ormuzd and Ahriman of the Persians, the doctrine of emanations, the empire of light and darkness,...

Ngày tải lên: 31/03/2014, 18:20

Ngày tải lên: 31/03/2014, 23:20

Ngày tải lên: 20/06/2014, 07:20

Ngày tải lên: 20/06/2014, 20:20