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Towards a macroprudential surveillance and remedial policy formulation system for monitoring financial crisis
Bhattacharyay, Biswa N. - 2009
Several developing economies witnessed a large number of systemic financial and currency crises since the 1980s which resulted in severe economic, social, and political problems. The devastating impact of the 1982 and 1994-95 Mexican crises, the 1997-98 Asian financial crisis, the 1998 Russian...
Persistent link: https://www.econbiz.de/10010271785
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Firm-level Human Capital and Innovation: Evidence from China
Sun, Xiuli; Li, Haizheng; Ghosal, Vivek - 2017
Understanding the factors that may produce a sustained rate of innovation is important for promoting economic … development and growth. In this paper, we examine the role of human capital in firms’ innovation by using a large sample of … small and medium sized cities. Patent applications are used as the measure of innovation. Human capital indicators used …
Persistent link: https://www.econbiz.de/10011615925
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Financial development and income inequality
Jauch, Sebastian; Watzka, Sebastian - 2011
We analyze the link between financial development and income inequality for a broad unbalanced dataset of 138 developed and developing countries over the years 1960 to 2008. Using credit-to-GDP as measure of financial development, our results reject theoretical models predicting a negative...
Persistent link: https://www.econbiz.de/10010280825
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The role of the state in economic development
Tabellini, Guido - 2004
This paper discusses the recent literature on the role of the state in economic development. It concludes that government incentives to enact sound policies are key to economic success. It also discusses the evidence on what happens after episodes of economic and political liberalizations,...
Persistent link: https://www.econbiz.de/10010261242
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Climate change mitigation strategies in fast-growing countries : the benefits of early action
Bosetti, Valentina; Carraro, Carlo; Tavoni, Massimo - 2009
investment behaviour is to anticipate the implementation of a climate policy by roughly 10 years. Investing in innovation ahead …. This is especially relevant for China, whose recent and foreseeable trends of investments in innovation are consistent with …
Persistent link: https://www.econbiz.de/10010266005
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Speculative attacks: a laboratory study in continuous time
Cheung, Yin-Wong; Friedman, Daniel - 2008
their onset, and (b) contrary to some theory, success is enhanced by public access to information about either the net …
Persistent link: https://www.econbiz.de/10010264454
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Institutions and development : the interaction between trade regime and political system
Falkinger, Josef; Grossmann, Volker - 2004
This paper argues that openness to goods trade in combination with an unequal distribution of political power has been a major determinant of the comparatively slow development of resource- or land-abundant regions like South America and the Caribbean in the nineteenth century. We develop a...
Persistent link: https://www.econbiz.de/10010261261
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Distribution of natural resources, entrepreneurship, and economic development : growth dynamics with two elites
Falkinger, Josef; Grossmann, Volker - 2005
This paper develops a model in which the interaction of entrepreneurial investments and power of the owners of land or other natural resources determines structural change and economic development. A more equal distribution of natural resources promotes structural change and growth through two...
Persistent link: https://www.econbiz.de/10010261348
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Can integrity replace institutions? : theory and evidence
Aharonovitz, Gilad D.; Skuza, Nathan; Fahs, Faysal - 2009
Institutions are important for proper economic performance, but are replaceable by trust or other social norms. We show that when proper institutions and trust are missing, integrity of the individuals can replace them. We construct a model of a transactions-based economy with contracts...
Persistent link: https://www.econbiz.de/10010265978
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Property rights, optimal public enforcement, and growth
Irmen, Andreas; Kuehnel, Johanna - 2011
We study the link between public enforcement of property rights, innovation investments, and economic growth in an …
Persistent link: https://www.econbiz.de/10010280647