placeholder
and
and

Your email was sent successfully. Check your inbox.

An error occurred while sending the email. Please try again.

Proceed reservation?

Export
Filter
Document type
Language
Year
  • 1
    Language: English
    In: Scottish journal of political economy, 2019-07, Vol.66 (3), p.360-383
    Description: Remittances have grown tremendously in magnitude and economic importance in the past four decades, providing economies with additional disposable incomes and even serving as buffers against economic downturns. It is thus but fitting to ask how remittances have impacted on growth, particularly on manufacturing growth. This note presents a simple model linking remittances and manufacturing growth via a ‘Dutch Disease’ channel. Using Blundell and Bond's (1998) system general method of moments on a panel dataset of 56 developing economies from 1992 to 2016, we verify that remittances adversely affect manufacturing growth in economies that experience high real appreciation rates. This result is robust to alternate specifications, such as the inclusion of financial development indicators, the expansion of the sample to include high‐income economies, and the use of different sample periods.
    Subject(s): Appreciation ; Business & Economics ; Disease ; Disposable income ; Economic development ; Economic models ; Economics ; Fitting ; Government & Law ; Manufacturing ; Political Science ; Remittances ; Social Sciences
    ISSN: 0036-9292
    E-ISSN: 1467-9485
    Source: International Bibliography of the Social Sciences (IBSS)
    Source: Business Source Ultimate
    Source: EconLit with Full Text
    Source: Alma/SFX Local Collection
    Source: Web of Science - Social Sciences Citation Index – 2019〈img src="http://exlibris-pub.s3.amazonaws.com/fromwos-v2.jpg" /〉
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 2
    Language: English
    In: International journal of finance and economics, 2021-04, Vol.26 (2), p.2560-2580
    Description: Financial development (FD) is multi‐faceted and it is not always clear how best to characterize the type or aspect of FD that matters for growth outcomes. Using two‐step system generalized method of moments on the IMF FD indices and a panel dataset of 108 countries spanning seven, 5‐year period averages from 1987 to 2016, this article finds that certain aspects of FD matter more than others in developing economies: financial market (FM) depth, efficiency and access matter for services growth, while both FM and financial institution (FI) depth and FM access matter for manufacturing growth, highlighting the existing complementarities between certain aspects of FI‐ and FM‐based systems that are conducive to growth. These results suggest the importance of developing and strengthening domestic institutions and implementing policies that would be conducive to the faster integration of new technologies towards the better intermediation and use of financial capital for growth and development objectives, without destabilizing the financial sector.
    Subject(s): Economic growth ; financial development ; Financial institutions ; Financial markets ; Generalized method of moments ; International finance ; manufacturing growth ; services growth
    ISSN: 1076-9307
    E-ISSN: 1099-1158
    Source: Alma/SFX Local Collection
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 3
    Language: English
    In: Oxford economic papers, 2020-06-08
    Description: Abstract This paper analyses the macroeconomic and welfare effects of a higher retirement age within a dynamic overlapping generations framework, wherein exponential discounting and sophisticated quasi-hyperbolic discounting agents coexist in ‘mixed economies’. The transitional dynamics of economic aggregates depend on the proportion of QHD agents, and the extent to which reducing the social security tax rate mitigates crowding-out effects on savings and enables both lower pension contributions and higher pension benefits. Welfare impacts across agent types and cohorts differ accordingly: QHD agents employ the higher retirement age as a commitment mechanism to mitigate the adverse welfare implications of present-biasedness.
    ISSN: 0030-7653
    E-ISSN: 1464-3812
    Source: EconLit with Full Text
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 4
    Language: English
    In: Progress in development studies, 2019-01, Vol.19 (1), p.55-82
    Description: This article explores the relationship between financial development and growth in manufacturing and service sectors in 77 developing economies over the period 1984–2013. Specifically, we examine whether the size of the financial sector matters and if it does, whether the size of the financial sector in these countries is of a sufficient scale for credit and liquidity expansion to benefit the economy. Using the two-step system generalized method of moments, we find a u-shaped relationship between either manufacturing or services growth and financial size, indicating that a critical level of financial scale has to be achieved for financial expansion to positively affect the growth. For some 50%–90 per cent of the economies in the sample, there is a robustly long-run adverse effect of financial expansion on both manufacturing and services growth, indicating a case of ‘too little’ finance, likely explained by a combination of weak institutions, market failures and the existence of large and lumpy investments that require sufficient financial scale.
    Subject(s): Development Studies ; Social Sciences
    ISSN: 1464-9934
    E-ISSN: 1477-027X
    Source: Alma/SFX Local Collection
    Source: Web of Science - Social Sciences Citation Index – 2019〈img src="http://exlibris-pub.s3.amazonaws.com/fromwos-v2.jpg" /〉
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
Close ⊗
This website uses cookies and the analysis tool Matomo. More information can be found here...