Institutional quality thresholds and the finance – Growth nexus
نویسندگان
چکیده
منابع مشابه
The Finance and Growth Nexus
Aubhik Khan* It is difficult to overemphasize the potential benefits of economic growth for improving human welfare. For example, Bangladesh, India, and Pakistan, three of the world’s lowest income nations, had real per capita GDP of $1908, $1633, and $1793, respectively, in 1992. In contrast, the equivalent values for three of the world’s highest income nations, Denmark, Sweden, and the United...
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We estimate the relationship between productivity and trade for a panel of countries over the period 1980 to 2000 using instrumental-variables estimation of a productivity equation. We note that some estimates of productivity gains attributed to trade capture instead the roles of institutions and geography. The endogeneity of trade and institutional quality is accounted for by using instruments...
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ژورنال
عنوان ژورنال: Journal of Banking & Finance
سال: 2013
ISSN: 0378-4266
DOI: 10.1016/j.jbankfin.2013.03.011