international capital flows and economic growth

... of CAP shocks on CUR and RGDP are invariant to the ordering between CUR and RGDP. On the other hand, capital flows might affect CUR and RGDP within a quarter, and the CUR and RGDP shocks may ... extract the shocks to capital flows, to analyze how shocks to capital flows affect the various macroeconomic variables in each country, and to examine how the shocks to capital flows are correlated ... Specialization, and the Asymmetry of Macroeconomic Fluctuations,” Journal of International Economics 55, 107-137. Kim, S., S.H. Kim and Y. Wang (2002), “Macroeconomic Effects of Capital Account...

Ngày tải lên: 24/10/2012, 09:27

... international capital flows. The most important constraint is exchange risk. The OIP is then constructed TABLE 8: MARKET WEIGHTS WITH RESPECT TO THE MACRO BARRIERS TO INTERNATIONAL CAPITAL FLOWS Macro ... [5] French, K and J. Poterba. 1991. International diversification and international equity markets. American Economic Review, 81(2): 222-226. [6] Ritov H., I. Gatti, and A. Tverski. 1990. ... 0.61 0.26 0.66 0.67 Source: Morgan Stanley's Capital International Perspectives (1999). 338 Modeling Barriers to International Capital Flows: A Multicountry Framework A. Seddik Meziani...

Ngày tải lên: 08/11/2013, 23:15

... A. and Limongi, F. (1993). “Political Regimes and Economic 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 economic growth and efficiency that appears to sustain it. We attempt to enhance the understanding of the indirect effects that democ- racy has on economic growth. Although ... an D RURY /K RIECKHAUS /L USZTIG : Corruption, Democracy, and Economic Growth 131 T ABLE 4. The Effects of Corruption on Economic Growth in Non-Democracies and Democracies, 1982–90 (ACLP Democracy Data) Democracy/corruption...

Ngày tải lên: 09/12/2013, 20:15

... Ozler, N. Roubini, and P. Swagel. 1996. Political Instability and Economic Growth, Journal of Economic Growth Alesina, A. and D. Rodrik. 1994. Distributive Politics and Economics Growth. Quarterly ... Lawson and R.G. Holcombe 1999. Economic freedom and the environment for economic growth, Journal of Theoretical and Institutional Economics, 155, 643-663. Hanke, S. and S. Walters. 1997. Economic ... Government and Economic Growth in the LDC’s: An Empirical Study for 1960-1980. Economic Development and Cultural Change 25, 35-75. Leblang, D.A. 1997. Political Democracy and Economic Growth: ...

Ngày tải lên: 23/12/2013, 06:17

... Lawson and R.G. Holcombe 1999. Economic freedom and the environment for economic growth, Journal of Theoretical and Institutional Economics, 155, 643-663. Hanke, S. and S. Walters. 1997. Economic ... Distributive Politics and Economics Growth. Quarterly Journal of Economics. Andreski, S. 1968. Military Organization and Society. Palo Alto: Stanford University Press. Aron J. 2000. Growth and Institutions: ... World Bank Economic Review 8, 351-71 Alesina, A., S. Ozler, N. Roubini, and P. Swagel. 1996. Political Instability and Economic Growth, Journal of Economic Growth Alesina, A. and D. Rodrik....

Ngày tải lên: 16/01/2014, 16:34

... (Fukuyama, 1992) and the economic growth and efficiency that appears to sustain it. We attempt to enhance the understanding of the indirect effects that democ- racy has on economic growth. Although ... largely DRURY/KRIECKHAUS/LUSZTIG: Corruption, Democracy, and Economic Growth 125 Corruption, Democracy, and Economic Growth A. COOPER DRURY, JONATHAN KRIECKHAUS, AND MICHAEL LUSZTIG A BSTRACT . Scholars have ... A. and Limongi, F. (1993). “Political Regimes and Economic Growth, ” Journal of Economic Perspectives 7: 51–69. Przeworski, A., Alvarez, M.E., Cheibub, J.A. and Limongi, F. (2000). Democracy and Development:...

Ngày tải lên: 20/01/2014, 10:20

... Canning, and Günther Fink, "Population Aging and Economic Growth& quot;, forthcoming in Spence, Michael, and Danny Leipziger (eds.), Global Challenges and Growth, Commission on Growth and Development. ... in China. Economic Implications of Population Aging in China In any economy, economic output depends on the presence and productive functioning of capital and labor (and this paper focuses ... invest in human capital formation that may stimulate economic growth and mitigate the possible negative economic effects of an older population. The research of Bloom, Canning, and Fink 7 finds...

Ngày tải lên: 13/02/2014, 18:20

... Microfinance institutions and non-bank financial institutions provide domestic and international money transfer services—a growing industry in Uganda with a population of 23 million and per capita GDP ... Investment, and Rural Asset Accumulation in Pakistan. Economic Development and Cultural Change, vol. 47, No. 1 (October): pp. 155-73. Richard H. Adams, Jr. and John Page, The Impact of International ... Faist, Thomas (2000). The Volume and Dynamics of International Migration and Transnational Social Spaces. New York: Oxford University Press. Fernandez- Kelly, Patricia and Curran (2001). Ethnicities:...

Ngày tải lên: 16/02/2014, 10:20

... social trust and economic growth. 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 ... social trust and economic performance and thus to contribute to a deeper understanding of economic growth and social trust. To achieve this goal the analysis is based on a panel dataset and thus ... “Does Social Capital have an Economic Payoff?” in 1997. They were the first to examine different features of social capital separately in a standard empirical growth framework, and they provided...

Ngày tải lên: 20/02/2014, 16:20

... much a growth in a unit of labour and how much a growth in a unit of capital should add to the output of the economy. It turned out that the measured growth of inputs (i.e., in capital and labor) ... what Abramovitz did was to measure the growth in the output of the American economy between 1870 and 1950. Then he measured the growth in inputs (of capital and labor) over the same time period. ... services) will fit in with consumer preferences and priorities. â OECD, 2004 3 INNOVATION AND ECONOMIC GROWTH by Nathan Rosenberg Professor of Economics (Emeritus), Stanford University Abstract...

Ngày tải lên: 20/02/2014, 19:20

... 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 ... (1990) “Tiebout Taxes and Economic Growth. ” Cato Journal 10 (1): 99–108. __________ (1995) “State and Local Taxation and Economic Growth: Lessons for Federal Tax Reform.” Joint Economic Committee....

Ngày tải lên: 20/02/2014, 19:20

... 45 References Andrade, J. P. and J. R. Faria (1994). “Money and Growth: From a Quasi- Neoclassical Standpoint”, Revista Brasieira de Economia, Vol. 48, pp. 529-550. Andres J. and I. Hernando (1997). ... Inflation and Economic Growth, NBER Working Paper 5326. Barro, R. J. and X. Sala-i-Martin. (1995). Economic Growth, McGraw- Hill, New York. Bruno, M. and W. Easterly. (1995). Inflation Crises and ... induces greater capital accumulation and higher growth, only until the return to capital falls. Thereafter higher investment will cease and only steady state growth will result. Indeed, growth in...

Ngày tải lên: 20/02/2014, 19:20

... Education and Economic Growth Cisco Public 7 Section 1—Education and Economic Growth The relationship between economic growth and education has been one of the central threads of economic analysis. ... 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, ... States Luxembourg Canada Switzerland Ireland Isreal Australia New Zealand United Kingdom Sweden Czech Republic Slovak Republic Japan Korea Australia Poland Hungary France Belgium Finland Netherlands Greece Spain Iceland Italy Turkey Mexico Portugal ...

Ngày tải lên: 20/02/2014, 20:20

... D., and Andrew Warner (1995) Economic Reform and the Process of Global Integration” Brookings Papers on Economic Activity 1: 1-95. Solow, Robert M. (1956) “A Contribution to the Theory of Economic ... significant. This paper focuses on human capital as a determinant of economic growth. Although human capital includes education, health, and aspects of “social capital, ” the main focus of the present ... on labor and capital income, and so on. Since the tax side has not been held constant, the effect of a higher government consumption ratio on growth involves partly a direct impact and partly...

Ngày tải lên: 21/02/2014, 00:20

... investments in broadband and high-speed rail, and competitive education and infrastructure. In fact, the money spent on clean water, renewable energy, superfund sites, and much more, is going ... to have to be surgical and we’re going to have to be creative. We’re going to have to be smart and stra- tegic. We’ll need to look beyond the old standbys and fallbacks and come up with the best ... cities and communities together and changed the way we look at the world and innovated and created new products, that you can come up with some additional good ideas on how to create jobs. And...

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