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Social and Behavioral Sciences Commons™
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Articles 1 - 4 of 4
Full-Text Articles in Social and Behavioral Sciences
Quality-Adjusted Human Capital And Productivity Growth, James B. Ang
Quality-Adjusted Human Capital And Productivity Growth, James B. Ang
James B Ang
This article examines the influence of quality‐adjusted educational attainment on growth and tests whether it facilitates the transfer of technology developed at the frontier for a panel of 60 countries. Using outcomes of pathogen stress as instruments, the results show that quality‐adjusted educational attainment and its interaction with distance to the frontier play important roles for growth.
Financial Development And Barriers To The Cross-Border Diffusion Of Financial Innovation, James B. Ang
Financial Development And Barriers To The Cross-Border Diffusion Of Financial Innovation, James B. Ang
James B Ang
This paper explores the determinants of financial development by focusing on the role played by barriers to the diffusion of financial technology. These barriers are measured using human genetic distance from the technology frontier. The results based on cross-sectional data for 123 countries suggest that genetic distance to the global frontier has an economically and statistically significant effect on financial development, in that countries that are genetically far from the technology leader tend to have lower levels of financial development. Genetic distance is found to have the largest effect, even after controlling for other determinants of financial development established in …
Export Performance On The Asian Miracle Economies:The Role Of Innovation And Product Variety, James B. Ang
Export Performance On The Asian Miracle Economies:The Role Of Innovation And Product Variety, James B. Ang
James B Ang
Traditional export models fall short of explaining the marked increase in exports of the Asian miracle economies in the post-WWII period. A model showing that exports are driven by innovations, innovative competitiveness, demand, and price competitiveness is estimated for China, India, Korea, Japan, Singapore and Taiwan over the period 1953-2010. The results demonstrate that innovation stocks and competitiveness are important determinants behind their success. Furthermore, innovation stocks and innovative competitiveness are shown to be less influential for export growth in China and India and their export booms have been fueled by process rather than product innovation.
Innovation And Financial Liberalization, James B. Ang
Innovation And Financial Liberalization, James B. Ang
James B Ang
This paper attempts to shed some light on the role of financial sector policies in generating new knowledge, drawing on the experience of one of the fastest growing and largest developing countries. Using time series data for India over the period 1963–2005, the results indicate that interest rate restraints help generate ideas. Other financial repressionist policies, in the form of high reserve and liquidity requirements, as well as significant directed credit controls, appear to have a dampening effect on ideas production. These results lend some support to the argument that some form of financial sector reforms may help stimulate economic …