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Articles 1 - 9 of 9
Full-Text Articles in Social and Behavioral Sciences
Culture And Prosperity: The Truth About Markets—Why Some Nations Are Rich But Most Remain Poor (Book Review), Jonathan B. Wight
Culture And Prosperity: The Truth About Markets—Why Some Nations Are Rich But Most Remain Poor (Book Review), Jonathan B. Wight
Economics Faculty Publications
John Kay’s latest book offers an absorbing romp through the history of economic thought in the 20th century. Kay attempts to explain the complex reality of a modern market system rather than resorting to simplistic theorizing about it. Gone are perfectly rational traders, perfectly competitive markets, incentive compatibilities, low transaction costs, informational symmetries, and no externalities. Kay highlights problems and problem solving as the ubiquitous and historical strata through which markets in the West evolved.
Deregulation And Its Implications For Economic Growth, B.E. Aigbokhan
Deregulation And Its Implications For Economic Growth, B.E. Aigbokhan
Economic and Financial Review
The study found that real exchange rate has a positive and significant impact on growth, inflation has similar impact. Government fixed investment has negative significant impact on growth, and so does external debt. Fiscal deficit was found to have positive but insignificant impact on growth. As the period covered in the study contains twenty six pre-deregulation years, the influence of deregulation may not have been accurately captured. Partly to address this concern, a dummy variables was introduced for the SAP years. It was found not to be significant, implying that the (SAP) introduced since 1986 did not translate into long-run …
Retrospective On The Postwar Productivity Slowdown, William D. Nordhaus
Retrospective On The Postwar Productivity Slowdown, William D. Nordhaus
Cowles Foundation Discussion Papers
The present study reviews the “productivity slowdown” of the 1970s and 1980s. The study also develops a new data set — industrial data available back to 1948 — as well as a new set of tools for decomposing changes in productivity growth. The major result of this study is that the productivity slowdown of the 1970s has survived three decades of scrutiny, conceptual refinements, and data revisions. The slowdown was primarily centered in those sectors that were most energy-intensive, were hardest hit by the energy shocks of the 1970s, and therefore had large output declines. In a sense, the energy …
Financial Sector Development And Economic Growth In Nigeria: An Empirical Investigation, J. Nnanna
Financial Sector Development And Economic Growth In Nigeria: An Empirical Investigation, J. Nnanna
Economic and Financial Review
In this paper, a single equation econometric model is specified to assess the impact of the Nigerian financial sector on economic growth. In recognition of the key role the financial sector plays in economic development, the paper recommends the sustenance of distress resolution initiatives, adequate capitalization of the banks, reduction of government dominance in the credit market, and a comprehensive approach to financial sector surveillance.
Small Cities Blues: Looking For Growth Factors In Small And Medium-Sized Cities, George A. Erickcek, Hannah J. Mckinney
Small Cities Blues: Looking For Growth Factors In Small And Medium-Sized Cities, George A. Erickcek, Hannah J. Mckinney
Upjohn Institute Working Papers
The purpose of this exploratory study is to attempt to identify particular public policies which have the potential to increase the economic viability of smaller metropolitan areas and cities. We identify characteristics associated with smaller metro areas that performed better-than-expected (winners) and worse-than-expected (losers) during the 1990s, given their resources, industrial mix, and location as of 1990. Once these characteristics have been identified, we look for evidence that public policy choices may have promoted and enhanced a metro area's ability to succeed and to regain control of its own economic destiny. Methodologically, we construct a regression model which identifies the …
From Efficiency-Driven To Innovation-Driven Economic Growth: Perspectives From Singapore, Kim Song Tan, Sock-Yong Phang
From Efficiency-Driven To Innovation-Driven Economic Growth: Perspectives From Singapore, Kim Song Tan, Sock-Yong Phang
Research Collection School Of Economics
The Singapore economy is going through a period of major restructuring. Economic stagnation since the 1997 Asia financial crisis (except for a brief recovery in 1999) has called into question the continued relevance of many fundamental policies that had worked well in the past. In 2002, a high-level Economic Review Committee (ERC) was convened by the government to chart new directions for the economy. A common thread that ran through the committee’s various reports was a call to enhance the economy’s innovative capacity, with the aim of making Singapore an innovation hub in the region. The call reflects an increased …
Thinking About The Future Of Small Metropolitan Areas, George A. Erickcek, Hannah J. Mckinney
Thinking About The Future Of Small Metropolitan Areas, George A. Erickcek, Hannah J. Mckinney
Employment Research Newsletter
No abstract provided.
Financial Development And Economic Growth In Australia: An Empirical Analysis, James B. Ang
Financial Development And Economic Growth In Australia: An Empirical Analysis, James B. Ang
James B Ang
The paper empirically examines the dynamic relationship between financial development and economic growth in Australia in terms of bank-based and market-based financial structure. A time-series approach using the VAR Model is used to provide evidence for the dynamic relationship. The paper provides empirical evidence on the causal impact of the financial market on the economic growth of the Australian economy. The results suggest that financial intermediaries and financial markets have different impacts on economic growth given their diverse roles in the domestic econ-omy. In particular there is evidence of causality from economic growth to the development of the financial intermediaries. …
The Role Of Small Business In Economic Growth And Poverty Alleviation In West Virginia: An Empirical Analysis, Gebremeskel H. Gebremariam, Tesfa Gebremedhin, Randall Jackson
The Role Of Small Business In Economic Growth And Poverty Alleviation In West Virginia: An Empirical Analysis, Gebremeskel H. Gebremariam, Tesfa Gebremedhin, Randall Jackson
Regional Research Institute Working Papers
The main objective of the study is to empirically evaluate the critical roles of small businesses in economic growth and poverty alleviation in West Virginia. In OLS and 2SLS regression analysis a positive relationship exists between small business and economic growth. A strong inverse relationship also exists between the incidence of poverty and small business and economic growth. Thus, the empirical result establishes the linkage between small business, economic growth and the incidence of poverty.