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Full-Text Articles in Economics
Michigan Socioeconomic Conditions And Trends: West Michigan Compared To East Michigan, Brad R. Watts
Michigan Socioeconomic Conditions And Trends: West Michigan Compared To East Michigan, Brad R. Watts
Reports
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Capital Flight And Economic Performance, Edsel L. Beja Jr
Capital Flight And Economic Performance, Edsel L. Beja Jr
Economics Department Faculty Publications
Capital flight aggravates resource constraints and contributes to undermine longterm economic growth. Counterfactual calculations on the Philippines suggest that capital flight contributed to lower the quality of long-term economic growth. Sustained capital flight over three decades means that capital flight had a role for the Philippines to lose the opportunities to achieve economic takeoff. Unless decisive policy actions are taken up to address enduring capital flight and manage the macroeconomy more effectively, the Philippines remains caught in the perpetuity of crises, its economy hollowed-out, the people trapped in poverty, and once again, the country is frustrated from realizing a takeoff.
Business Output And Business Experience: Evidence From China's Nongovernmental Businesses, Liangjun Su
Business Output And Business Experience: Evidence From China's Nongovernmental Businesses, Liangjun Su
Research Collection School Of Economics
We study the application of the Solow growth model in China's non-governmental businesses and propose a reasonable modification for it. Our analysis indicates that business experience is closely tied to the output of China's non-governmental businesses. Our major findings include: (1) the business experience has little overall impact on the elasticity of output with respect to labour; (2) the business experience has a large impact on the elasticity of output with respect to capital and the elasticity increases as the business experience increases; (3) the adjusted Solow residual that reflects technological progress exhibits a negative relationship with the business experience, …
Capital Flight And Economic Performance: Growth Projections For The Philippines, Edsel L. Beja Jr
Capital Flight And Economic Performance: Growth Projections For The Philippines, Edsel L. Beja Jr
Economics Department Faculty Publications
Capital flight aggravates resource constraints and contributes to undermine longterm economic growth. Counterfactual calculations on the Philippines suggest that capital flight contributed to lower the quality of long-term economic growth. Sustained capital flight over three decades means that capital flight had a role for the Philippines to lose the opportunities to achieve economic takeoff. Unless decisive policy actions are taken up to address enduring capital flight and manage the macroeconomy more effectively, the Philippines remains caught in the perpetuity of crises, its economy hollowed-out, the people trapped in poverty, and once again, the country is frustrated from realizing a takeoff.
Stock Prices And Economic Growth: Are They Related?, Peter J. Saunders, Koushik Ghosh
Stock Prices And Economic Growth: Are They Related?, Peter J. Saunders, Koushik Ghosh
All Faculty Scholarship for the College of Business
This paper investigates the relationship between economic growth and stock prices in the U.S. Quarterly data on NASDAQ, DJIA, S&P 500 and real GDP ranging from the first quarter of 1971 to the fourth quarter of 2005 are analyzed. Cointegration test results indicate that while RGDP and S&P 500 are not cointegrated, RGDP and NASDAQ appear to be cointegrated. VEC analyses of the RGDP and NASDAQ data indicate that in the short-run, RGDP has a positive impact on stock prices. Further Granger causality testing of the data indicates that RGDP Granger -causes both changes in DJIA and S&P 500.