Rapid economic growth is the only sustainable foundation for the elimination of poverty. However, only strategies that include agricultural development can establish strong links between overall growth and reduction in poverty. Most strategies that seek rapid industrialization at the expense of agriculture, even if the intent is to alleviate poverty, actually slow down economic growth and increase levels of poverty. In a country with many impoverished people, policymaker must address both growth and poverty through an.......
Joseph Schumpeter argued in 1911 that banks play a pivotal role in economic development because they choose which firms get to use society’ s savings. According to this view, the banking sector alters the path of economic progress by affecting the allocation of savings and not necessarily by altering the saving rate. Thus, the Schumpeterian view of finance and development highlights the impact of banks on productivity growth and technological change.
ABSTRACT. Scholars have long suspected that political processes such as democracy and corruption are important factors in determining economic growth. Studies show, however, that democracy has only indirect effects on growth, while corruption is generally accepted by scholars as having a direct and negative impact on economic perfor-mance.
Exploiting a unique data set containing information about the estimated bribe payments of Ugandan firms, the authors study the relationship between bribe payments, taxes, and firm growth in Uganda for the period 1995-97. Using industry-location averages to circumvent the potential problem of endogeneity, and to deal with issues of measurement error, they find that both the rate of taxation, and the rate of bribery are negatively correlated with firm growth.
Despite a sizeable theoretical and empirical literature, no firm conclusions have been drawn
regarding the impact of political democracy on economic growth. This paper challenges the
consensus of an inconclusive relationship with a meta-analytic review and a quantitative
assessment of the democracy-growth literature.
THE ROLE OF IMPORT SUBSITITUTION AND EXPORT ORIENTATION STRATEGIES ON THAILAND'ECONOMIC GROWTH This result calls the incentive effects of Tiebout choice into question, as it indicates
that administrators of effective schools are no more likely to be rewarded with high demand
for local housing in high-choice than in low-choice markets. To explore this further, I
estimate models for the effect of Tiebout choice on mean scores across metropolitan areas.
Consistent with the earlier results, I find no evidence that high-choice markets produce
higher average SAT scores.
ESSAYS ON EDUCATION INVESTMENT, INCOME INEQUALITY, AND ECONOMIC GROWTH Recall, moreover, that this thought experiment assumes a choice coefficient at the
upper limit of the confidence interval. At the point estimate, choice reduces the gradient of
SAT scores with respect to student quality. The models in Table 1.4 reject a sizableby any
reasonable standardeffect of choice on the test score gradient.
Stock Markets, Banks, and Economic Growth Ross Levine; Sara Zervos The American Economic Review, Vol. 88, No. 3. (Jun., 1998), pp. 537-558.
Stable URL: http://links.jstor.org/sici?sici=0002-8282%28199806%2988%3A3%3C537%3ASMBAEG%3E2.0.CO%3B2-9 The American Economic Review is currently published by American Economic Association.
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This article presents the stochastic growth model. The stochastic growth model
is a stochastic version of the neoclassical growth model with microfoundations,1
and provides the backbone of a lot of macroeconomic models that are used in
modern macroeconomic research. The most popular way to solve the stochastic
growth model, is to linearize the model around a steady state,2 and to solve the
linearized model with the method of undetermined coefficients. This solution
method is due to Campbell (1994)....
Recently public attention has turned toward the intricate interrelation
between economic growth and global warming. This book focuses on
this nexus but broadens the framework to study this issue. Growth
is seen as global growth, which affects the global environment and
climate change. Global growth, in particular high economic growth
rates, implies a fast depletion of renewable and nonrenewable resources.
Thus the book deals with the impact of economic growth on the envi-
ronment and the effect of the exhaustive use of natural resources as
well as the reverse linkage.
Developing Asia achieved impressive economic growth in
the last decade and had remarkable success in lifting large
numbers of people in the region out of poverty. At the
same time, recent evidence suggests that in many growing
economies of developing Asia, rising income disparities
are widening the gap between the rich and the poor.
ECONOMIC DEVELOPMENT IN GREENLAND: A TIME SERIES ANALYSIS OF DEPENDENCY GROWTH , AND INSTABILITY Column A presents the coefficient from a regression of school average
scores on an index of student quality, pooling all metropolitan schools in the NELS sample
and including a fixed effect for each MSA.50 As in the SAT data, peer effects and
effectiveness sorting are together substantial, inflating the school-level background index
coefficient by 90 percent relative to the coefficient of a within-school regression of
individual scores on own characteristics....
EDUCATION AND ECONOMIC GROWTH; A CAUSAL ANALYSIS It similarly seems unlikely that parents have zero concern for peer group. In the
presence of direct or indirect peer effects on student learning, parents would be irrational to
ignore peer group in their evaluations of schools, and anecdotal evidence suggests that they
do not do so.
In the present work we have extended these experiments by the use of the plate count in an effort to throw more light on the mechbanism of the salt action. Since our previous experiments have shown that the salt effect is magnified on the acid side of the region of optimum growth (Sherman and Holm, 1922), we have used in the present work media adjusted to a reaction of pH 5.4. All of the counts here reported represent the average of triplicate plates on extract-pepton agar incubated for three days at 33°C. Further details of the experiments are given in the appendix.
Abstract Exploiting a unique data set containing information on the estimated bribe payments of Ugandan firms, we study the relationship between bribery payments, taxes and firm growth over the period 1995-97. Using industry-location averages to circumvent the potential problem of endogeneity, and to deal with issues of measurement error, we find that both the rate of taxation and bribery are negatively correlated with firm growth.
Several hematopoietic growth factors (HGFs) have achieved widespread clinical
application. In the United States alone, more than US $5 billion per year of the health care
budget is spent on these factors. The first patients were treated with recombinant human
erythropoietin (rHuEPO, epoetin alfa, Epogen®) in 1985 and the first patients received
recombinant methionyl human granulocyte colony-stimulating factor (r-metHuG-CSF,
filgrastim, Neupogen®) or recombinant human granulocyte-macrophage colonystimulating
factor (rHuGM-CSF, sargramostim, Leukine® or Prokine®) in 1986.
Education, Income Distribution and Growth final reason to suspect a stratification-reliability relationship is that
unobserved peer group characteristics are likely to be more strongly associated with
observed characteristics in markets that are more heavily stratified.
A major trend in the world economy in recent years has been the dynamic growth in
a number of regions including China, India, Brazil, Mexico, Russia and the new
European Union member states in Central Europe. The strong economic performance
of these regions will generate a major shift in world competitiveness with
important implications for Europe. Compared to this dynamism, economic growth
in Europe has been weak in recent years.
The truncated C-terminal portion of Bid (tBid) is an important intermedi-ate in ligand-induced apoptosis. tBid has been shown to be sensitive to pro-teasomal inhibitors and downregulated by activation of the epidermal
growth factor (EGF) pathway. Here, we provide evidence that tBid is a
substrate of the ubiquitin ligase Itch, which can specifically interact with
and ubiquitinate tBid, but not intact Bid.
This report explores both the short- and medium-term impacts of the financial crisis on developing countries. It presents evidence that the financial boom played a critical role in the growth boom experienced by developing countries between 2003 and 2007, but that tighter conditions in the future are expected to result in weaker growth over the next 5 to 15 years. Although global growth has resumed, the recovery is fragile, and unless