Inflation and wealth inequality
In: Economic Analysis and Policy, Band 82, S. 893-907
24 Ergebnisse
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In: Economic Analysis and Policy, Band 82, S. 893-907
In: Emerging markets, finance and trade: EMFT, Band 59, Heft 13, S. 3900-3914
ISSN: 1558-0938
In: Emerging markets, finance and trade: EMFT, Band 54, Heft 12, S. 2698-2717
ISSN: 1558-0938
In: Environmental and resource economics, Band 71, Heft 4, S. 825-848
ISSN: 1573-1502
In: Structural change and economic dynamics, Band 40, S. 92-102
ISSN: 1873-6017
In: Environmental and resource economics, Band 66, Heft 2, S. 363-391
ISSN: 1573-1502
In: The journal of development studies, Band 45, Heft 8, S. 1211-1224
ISSN: 1743-9140
In: Economics of transition, Band 17, Heft 3, S. 439-466
ISSN: 1468-0351
AbstractThis paper revisits the question of whether the finance–growth nexus varies with the stages of economic development. Using a novel threshold regression with the instrumental variables approach proposed by Caner and Hansen (2004) to the dataset used in Levine et al. (2000) we detect overwhelming evidence in support of a positive linkage between financial development and economic growth, and this positive effect is larger in the low‐income countries than in the high‐income ones. The data also reveal that financial development tends to have stronger impacts on capital accumulation and productivity growth in the low‐income countries than in the high‐income ones. The findings are robust to alternative financial development measures and conditioning information sets.
In: The journal of development studies: JDS, Band 45, Heft 8, S. 1211-1224
ISSN: 0022-0388
World Affairs Online
In: ASIECO-D-23-00118
SSRN
In: Journal of development economics, Band 83, Heft 2, S. 491-505
ISSN: 0304-3878
In: Review of development economics: an essential resource for any development economist
ISSN: 1467-9361
AbstractSaving is a main source of financing capital and R&D investment, which can facilitate economic growth and development. Saving also acts as a buffer against uncertainty and external shocks, which can smooth growth volatility and promote economic growth. Thus understanding the determination of saving is vital for policymaking. This paper evaluates the saving consequence of population aging in China, a fast growing economy that has been experiencing rapid population aging with high saving rates. However, whether and how population aging affects saving remains controversial. Instead of verifying whether population aging increases or decreases saving, this paper takes a step further to examine potential nonlinearity in the nexus, which allows one to address the reason for inconclusiveness. Using China's provincial data over the period 1989–2019, it indeed finds significant existence of nonlinearity. Household saving follows an inverted‐U process with population aging. The effect holds for regions with moderate saving rates. For regions with the least and highest saving rates, household saving follows a U‐shaped process. Similar results are found for total saving.
In: Economic change & restructuring, Band 57, Heft 2
ISSN: 1574-0277
In: Journal of international trade & economic development: an international and comparative review, S. 1-26
ISSN: 1469-9559
In: Economic change & restructuring, Band 55, Heft 2, S. 837-874
ISSN: 1574-0277