... between FDI andfinancialdevelopment enhances economicgrowth Choong and Lim (2009) analyzed the interaction between FDI andfinancialdevelopment in promoting Malaysia's economicgrowth Using ... of economic growth, the relationship among FDI, financialdevelopmentandeconomic growth, as well as the measures of financialdevelopment Then, empirical studies regarding to the roles of financial ... among FDI, financialdevelopmentandeconomicgrowth The chapter is divided into four main parts The first part contains the concepts and the relationship between FDI andeconomicgrowth The...
... allocation and service delivery III Human Developmentand its Impact on Growth Human development, in turn, has important effects on economicgrowth If a central element of economicgrowth is allowing ... Success in Human Development, Journal of Human Development, Vol 1, No Ranis, Gustav, Frances Stewart and Alejandro Ramires (2000) EconomicGrowthand Human Development, World Development Vol 28, ... Human DevelopmentandEconomicGrowth Gustav Ranis Yale University∗ Recent literature has contrasted Human Development, described as the ultimate goal of the development process, with economic growth, ...
... Financial Structure andEconomicGrowth This page intentionally left blank Financial Structure andEconomicGrowth A Cross-Country Comparison of Banks, Markets, andDevelopment Edited ... intentionally left blank Financial Structure andEconomic Growth: Perspectives and Lessons Aslõ DemirguÈcË-Kunt and Ross Levine 1.1 Motivation and Scope In Financial Structure and Development, Raymond ... differences in economic performance Measures of bank developmentand market development are strongly linked to economicgrowth More speci®cally, Financial Structure andEconomicGrowth the data...
... 1997, FinancialDevelopmentandEconomic Growth, Journal of Economic Literature, vol 35, pp 688-726 Rajan, R., and L Zingales, 1998, Financial Dependence and Growth, American Economic Review ... Keith and Victor Hung, 1998, “A Theory of Growth, FinancialDevelopmentand Trade,” Economica, v.65, n.257, pp107-24 Cetorelli, Nicola and Michele Gamberra, 2001, “Banking Market Structure, Financial ... we report our results; and in Section 5, we conclude Theories of FinancialDevelopmentand Resource Allocation While financialdevelopment may affect the level of economicgrowth through numerous...
... 1989 Innovation and learning: two faces of R&D Economic Journal 99, 569–596 Demetriades, P., Hussein, K., 1996 Does financial development cause economic growth? Journal of Development Economics 15, ... 2005 Finance and growth: theory and evidence In: Aghion, P., Durlauf, S (Eds.), Handbook of Economic Growth, vol Elsevier, Amsterdam, pp 865–934 Levine, R., Loayza, N., Beck, T., 2000 Financial ... Sample splitting and threshold estimation Econometrica 68, 575–603 Hermes, N., Lensink, R., 2003 Foreign direct investment, financial developmentandeconomicgrowth Journal of Development Studies...
... sustainable and equitable economicgrowthand socio -economic development through efficient productive systems, deeper co-operation and integration, good governance and durable peace and security, ... to economicgrowthand below which inflation is beneficial to economicgrowth Similarly, Li (2006) estimates a non-linear relationship between inflation andeconomicgrowth for 27 developing and ... openness to trade andfinancialdevelopment affects the nonlinearity between financialdevelopmentandgrowth Furthermore, Eggoh (2011) examine the inflation effects on finance andgrowth using a...
... Przeworski, A and Limongi, F (1993) “Political Regimes andEconomic Growth, ” Journal of Economic Perspectives 7: 51–69 Przeworski, A., Alvarez, M.E., Cheibub, J.A and Limongi, F (2000) Democracy and Development: ... (Fukuyama, 1992) and the economicgrowthand efficiency that appears to sustain it We attempt to enhance the understanding of the indirect effects that democracy has on economicgrowth Although ... Shleifer, Andrei and Vishny, Robert W (1993) “Corruption,” Quarterly Journal of Economics 108: 599–617 Sirowy, Larry and Inkeles, Alex (1990) “The Effects of Democracy on EconomicGrowthand Inequality:...
... Roubini, and P Swagel 1996 Political Instability andEconomic Growth, Journal of EconomicGrowth Alesina, A and D Rodrik 1994 Distributive Politics and Economics Growth Quarterly Journal of Economics ... Politics, World Development, EconomicDevelopmentand Cultural Change, Kyklos, Journal of Comparative Economics, Review of Economics and Statistics, European Economic Review, American Economic Review, ... Inequality andGrowth American Economic Review; 90, 869-88 Frankel, J and D Romer 1999 Does Trade Cause Growth? American Economic Review 89, no 3, 379-399 Galenson, W 1959 Labor andEconomic Development...
... Roubini, and P Swagel 1996 Political Instability andEconomic Growth, Journal of EconomicGrowth Alesina, A and D Rodrik 1994 Distributive Politics and Economics Growth Quarterly Journal of Economics ... Politics, World Development, EconomicDevelopmentand Cultural Change, Kyklos, Journal of Comparative Economics, Review of Economics and Statistics, European Economic Review, American Economic Review, ... Inequality andGrowth American Economic Review; 90, 869-88 Frankel, J and D Romer 1999 Does Trade Cause Growth? American Economic Review 89, no 3, 379-399 Galenson, W 1959 Labor andEconomic Development...
... Przeworski, A and Limongi, F (1993) “Political Regimes andEconomic Growth, ” Journal of Economic Perspectives 7: 51–69 Przeworski, A., Alvarez, M.E., Cheibub, J.A and Limongi, F (2000) Democracy and Development: ... Shleifer, Andrei and Vishny, Robert W (1993) “Corruption,” Quarterly Journal of Economics 108: 599–617 Sirowy, Larry and Inkeles, Alex (1990) “The Effects of Democracy on EconomicGrowthand Inequality: ... education and health, both of which facilitate economicgrowth (Baum and Lake, 2003; Helliwell, 1994) Moreover, democracy facilitates political stability, which is also known to be good for economic growth...
... Rajan, R G and L Zingales, 1998, Financial Dependence and Growth, American Economic Review, Vol 88, 559-86 -, 1999, Financial Systems, Industrial Structure, and Growth, prepared ... achieve sustainable and stable economic efficiency gains, financial liberalization programs must be supported by development of financial infrastructure, that is, the complex of law and legal systems, ... stages of economic development, banks are the financial infrastructure that brdige the trust gaps among savers and investors in the economy, and make up for much of the missing formal and impersonal...
... Canning, and Günther Fink, "Population Aging andEconomic Growth" , forthcoming in Spence, Michael, and Danny Leipziger (eds.), Global Challenges and Growth, Commission on GrowthandDevelopment ... world financialandeconomic crisis Changes in economic policies and practices may be called for, but sudden lurches are unnecessary and may be inadvisable As noted at the outset, China’s economic ... significant slowing in economic growth; other things equal, rapid growth is typically fastest at lower levels of income China has made considerable gains, and its economicgrowth is likely to moderate...
... social trust andeconomic performance and thus to contribute to a deeper understanding of economicgrowthand social trust To achieve this goal the analysis is based on a panel dataset and thus more ... social trust andeconomicgrowth To shed more light on how social trust might influence economic growth, the relationship between social trust and human capital and social trust and legal quality ... detail and its measurement is discussed Subsequently, an overview of social trust within an economicgrowth context is given and direct and indirect links through which social trust might have an economic...
... of 1945, and a number of firms were already engaged in the manufacture and sale of computers by 1950 And yet, as late as 1956 Howard Aiken, a brilliant physics instructor at Harvard and one of ... consumer needs and preferences in particular specialised markets, and a speedy and imaginative approach to how these needs might be catered to in a more efficient, but also a more attractive and more ... the future demand for innovations The fact is that most major innovations enter the world in a very primitive condition, and go through a long process of technical improvements and cost reduction...
... Rates and State Economic Growth. ” Regional Science and Urban Economics 24 (6): 687–705 Plaut, T R., and Pluta, J (1983) “Business Climate, Taxes and Expenditures, and State Industrial Growth ... Hypotheses.” Economic Inquiry 27 (3): 367–86 Mofidi, A., and Stone J A (1990) “Do State and Local Taxes Affect Economic Growth? ” Review of Economics and Statistics 72 (4): 686–91 Mullen, J K., and Williams, ... Transfers and Regional Growth. ” Southern Economic Journal 46 (2): 435–44 70 State Income Taxes andEconomicGrowth Romer, P M (1994) “The Origins of Endogenous Growth. ” Journal of Economic Perspectives...
... Macroeconomic Stability, Financial Markets andEconomicDevelopment Kormendi, R.C and P.G Meguire (1985) “Macroeconomic Determinants of Growth: Cross-Country Evidence”, Journal of Monetary Economics, ... Faria (1994) “Money and Growth: From a QuasiNeoclassical Standpoint”, Revista Brasieira de Economia, Vol 48, pp 529-550 Andres J and I Hernando (1997) Does inflation harm Economic Growth? Evidence ... Thoursie (2002) Cyclical and Causal Patterns of Inflation and GDP Growth Department of Economics Paper, Stockholm University Mallik, G and A Chowdhury (2001) Inflation andEconomic Growth: Evidence from...
... Cisco Public Education andEconomicGrowth Section 1—Education andEconomicGrowth The relationship between economicgrowthand education has been one of the central threads of economic analysis Both ... (K) and labor (L) and using different theories of the economicgrowth , looks at three basic links between schooling andgrowth (Hanushek and Wößmann, 2007, p 23) One, building on the micro -economic ... Collier Book J Benhabib and M Spiegel, 2005, ‘Human Capital and Technology Diffusion,’ in P Aghion and S Durlauf, eds, Handbook of Economic Growth, Elsevier, North-Holland M Bils and P Klenow, 2000,...
... Barro and Lee (1993, 1996) These data are classified by sex and age (for persons aged 15 and over and 25 and over) and by levels of education (no school, partial and complete primary, partial and ... capital markets — on the state of financialdevelopment and, hence, on the rate of economicgrowth Easterly and Rebelo (1993) examined aspects of public investment and also considered the nature ... Some Problems and Implications for Growth Regressions” unpublished, Instituto de Analisis Economico CSIC Easterly, William, and Sergio Rebelo (1993) “Fiscal Policy andEconomic Growth: An Empirical...
... Businesses and Entrepreneurs and the Engine of Job Growth Session EXECUTIVE SUMMARY •• Participants provided candid accounts of recent economic difficulties, and offered both simple and innovative ... house forum on jobs andeconomicgrowth again? How we get ourselves to the point where more people are working, and more people are spending, and you start seeing a virtuous cycle and the recovery ... prices and maxed-out credit cards and overleveraged banks was akin to building a house on sand So we implemented plans to stabilize the financial system and revive lending to families and businesses. ...