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Social and Behavioral Sciences Commons™
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Articles 1 - 9 of 9
Full-Text Articles in Social and Behavioral Sciences
Do Imports Cause Economic Growth? A Time-Series Investigation Of The U.S. Data, Peter J. Saunders, Koushik Ghosh
Do Imports Cause Economic Growth? A Time-Series Investigation Of The U.S. Data, Peter J. Saunders, Koushik Ghosh
All Faculty Scholarship for the College of Business
This paper investigates the relationship between imports and economic growth in the US in the long run and the short run. Quarterly data ranging from the first quarter of 1970 to the fourth quarter of 2000 are used to investigate this relationship. Cointegration tests using Johansen's (] 988) technique are used to analyze the long run relationship between imports and economic growth (measured by nominal GDP). Test results indicate that imports and economic growth are related in the long run. The short run analysis of the data is conducted within vector error correction (VEC) testing framework. VEC rest results indicate …
Income Distribution And Economic Growth, Mike Freimuth
Income Distribution And Economic Growth, Mike Freimuth
WWU Honors College Senior Projects
It is known that redistributing wealth from the rich to the poor tends to increase consumption in an economy. This is because when people’s incomes are lower they typically spend a larger percent of that income. This increase in consumption, however, must be accompanied by an equivalent decrease in savings, if savings equals investment. And if investment is the mechanism by which an economy grows, this must therefore have an effect on the growth of that economy. This paper deals strictly with the effects on long-term economic growth brought about by a change in income distribution. The purpose of this …
Economic Transition And Growth, Peter C.B. Phillips, Donggyu Sul
Economic Transition And Growth, Peter C.B. Phillips, Donggyu Sul
Cowles Foundation Discussion Papers
Some extensions of neoclassical growth models are discussed that allow for cross section heterogeneity among economies and evolution in rates of technological progress over time. The models offer a spectrum of transitional behavior among economies that includes convergence to a common steady state path as well as various forms of transitional divergence and convergence. Mechanisms for modeling such transitions and measuring them econometrically are developed in the paper. A new regression test of convergence is proposed, its asymptotic properties are derived and some simulations of its finite sample properties are reported. Transition curves for individual economies and subgroups of economies …
Economic Integration In Central Asia, Rustam Eshniyazaov, Evert Van Der Sluis
Economic Integration In Central Asia, Rustam Eshniyazaov, Evert Van Der Sluis
Economics Commentator
No abstract provided.
Competing At The Frontier: The Changing Role Of Technology Policy In Singapore's Economic Strategy, Winston T. H. Koh, Poh Kam Wong
Competing At The Frontier: The Changing Role Of Technology Policy In Singapore's Economic Strategy, Winston T. H. Koh, Poh Kam Wong
Research Collection School Of Economics
For an economy competing at the global frontier, an innovation-based growth strategy requires a well-developed technological infrastructure, a set of capabilities-focused technology policies, as well as an institutional environment that stimulates innovation and entrepreneurship. This paper examines the role played by science and technology policy in an economy's transition to an innovation-based growth strategy. We discuss the challenges governments face as they restructure economic institutions to deepen R&D capabilities and encourage technology creation. We review Singapore's experience in this regard and assess its ongoing efforts to remake itself to compete at the global frontier.
Inflation And Economic Growth: A Cross-Country Non-Linear Analysis, Robert Pollin, Andong Zhu
Inflation And Economic Growth: A Cross-Country Non-Linear Analysis, Robert Pollin, Andong Zhu
PERI Working Papers
This paper presents new non-linear regression estimates of the relationship between inflation and economic growth for 80 countries over the period 1961 – 2000. We perform tests using the full sample of countries as well as sub-samples consisting of OECD countries, middle-income countries, and low-income countries. We also consider the full sample of countries within the four separate decades between 1961 – 2000. Considering our full data set we consistently find that higher inflation is associated with moderate gains in GDP growth up to a roughly 15 – 18 percent inflation threshold. However, the findings diverge when we divide our …
Part 1: The Hampton Roads Economy Midway Through The Decade, Regional Studies Institute, Old Dominion University
Part 1: The Hampton Roads Economy Midway Through The Decade, Regional Studies Institute, Old Dominion University
State of the Region Reports: Hampton Roads
Our regional economy continues to perform better than the Commonwealth of Virginia and the nation. The 2000-2004 time period is the best five year time period our region has experienced since 1969. Employment increased four times as rapidly as national employ-ment and we experienced significant job growth in scientific, technical and information technology occupations—-something that has largely eluded us in the past. Defense expenditures increasingly dominate the region’s economy and account for about 75 percent of all recent growth. However, the BRAC process could throw a huge wrench into this prosperity. If all BRAC recommendations, including the closure of Oceana, …
Capital Democratization, Robert Ashford
Capital Democratization, Robert Ashford
College of Law - Faculty Scholarship
Although, the ideas underlying binary economics were first published in 1958 (Kelso and Adler), the many books and papers that discuss the subject, with the exception of Kane (2000) and Kurland (2001), do not utilize conventional economics language. To facilitate the teaching of binary economics in beginning and intermediate college courses in economics and business, the paper explains some major microeconomic and macroeconomic fundamentals of binary economics by utilizing conventional neo-classical economic models. It then compares the theoretical results reached in a non-binary economic environment to those that may be reached in a binary one. The most important result from …
Memo On Binary Economics To Attorneys For Women And People Of Color Re: What Else Can Public Corporations Do For Your Clients?, Robert Ashford
Memo On Binary Economics To Attorneys For Women And People Of Color Re: What Else Can Public Corporations Do For Your Clients?, Robert Ashford
College of Law - Faculty Scholarship
One important duty of lawyers is to assist clients in identifying and securing their essential rights, responsibilities, and opportunities. One important purpose of legal education is to enable lawyers to assist clients and society in identifying and securing essential rights, responsibilities, and opportunities. This Article describes one opportunity (based on an approach to economics called "binary economics" first proposed by Louis Kelso), rarely advanced by counsel, that may offer women and people of color, public corporations, and their shareholders benefits far greater than expectations based on the mainstream economic theories (classical, neoclassical, and Keynesian) usually employed to evaluate economic policy …