Financial Integration Productivity And Capital Accumulation
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Author | : John Pickles |
Publisher | : John Wiley & Sons |
Total Pages | : 320 |
Release | : 2016-03-03 |
Genre | : Social Science |
ISBN | : 1118632893 |
Articulations of Capital offers an accessible, grounded, yet theoretically-sophisticated account of the geographies of global production networks, value chains, and regional development in post-socialist Eastern and Central Europe. Proposes a new theorization of global value chains as part of a conjunctural economic geography Develops a set of conceptual and theoretical arguments concerning the regional embeddedness of global production Draws on longitudinal empirical research from over 20 years in the Bulgarian and Slovakian apparel industries Makes a major intervention into the debate over the economic geographies of European integration and EU enlargement
Author | : Mr.Ayhan Kose |
Publisher | : International Monetary Fund |
Total Pages | : 68 |
Release | : 2003-09-03 |
Genre | : Business & Economics |
ISBN | : 9781589062214 |
This study provides a candid, systematic, and critical review of recent evidence on this complex subject. Based on a review of the literature and some new empirical evidence, it finds that (1) in spite of an apparently strong theoretical presumption, it is difficult to detect a strong and robust causal relationship between financial integration and economic growth; (2) contrary to theoretical predictions, financial integration appears to be associated with increases in consumption volatility (both in absolute terms and relative to income volatility) in many developing countries; and (3) there appear to be threshold effects in both of these relationships, which may be related to absorptive capacity. Some recent evidence suggests that sound macroeconomic frameworks and, in particular, good governance are both quantitatively and qualitatively important in affecting developing countries’ experiences with financial globalization.
Author | : Falko Fecht |
Publisher | : |
Total Pages | : 0 |
Release | : 2008 |
Genre | : |
ISBN | : 9783865584663 |
Author | : Pierre-Richard Agénor |
Publisher | : World Bank Publications |
Total Pages | : 68 |
Release | : 2001 |
Genre | : Capital movements |
ISBN | : |
This literature review joins with recent studies in arguing that financial integration must be carefully prepared and managed to ensure that the benefits outweigh the short-run risks. But in contrast with some other studies, it adopts a more skeptical view of the benefits of capital flows other than foreign direct investment.
Author | : Terry L. Roe |
Publisher | : Springer Science & Business Media |
Total Pages | : 333 |
Release | : 2009-10-03 |
Genre | : Business & Economics |
ISBN | : 0387773584 |
The primary objective of this book is to advance the state of the art in specifying and ?tting to data structural multi-sector dynamic macroeconomic models, and empirically implementing them. The fundamental construct upon which we build is the Ramsey model. A most attractive feature of this model is the insights it provides into the dynamics of an economy in tr- sition to long-run equilibrium. With some exceptions, Ramsey models are highly aggregated – typically single sector models. However, interest often lies in understanding the forces of e- nomic growth across multiple sectors of an economy and on how policy impacts likely play out over time. Such analyses call for moredisaggregatedmodelsthatcanbe?ttocountryorregional data.Thisbookshowshowto:(i)extendthebasicmodeltom- tiple sectors, (ii) how to adapt the basic model to account for policy instruments, and (iii) ?t the model to data, and obtain equilibrium values both forward and backward in time from the data points to which the model is initially ?t.
Author | : Maurice Obstfeld |
Publisher | : Cambridge University Press |
Total Pages | : 382 |
Release | : 2004-02-19 |
Genre | : Business & Economics |
ISBN | : 9780521633178 |
Author | : Charles R. Hulten |
Publisher | : University of Chicago Press |
Total Pages | : 648 |
Release | : 2007-11-01 |
Genre | : Medical |
ISBN | : 0226360644 |
The productivity slowdown of the 1970s and 1980s and the resumption of productivity growth in the 1990s have provoked controversy among policymakers and researchers. Economists have been forced to reexamine fundamental questions of measurement technique. Some researchers argue that econometric approaches to productivity measurement usefully address shortcomings of the dominant index number techniques while others maintain that current productivity statistics underreport damage to the environment. In this book, the contributors propose innovative approaches to these issues. The result is a state-of-the-art exposition of contemporary productivity analysis. Charles R. Hulten is professor of economics at the University of Maryland. He has been a senior research associate at the Urban Institute and is chair of the Conference on Research in Income and Wealth of the National Bureau of Economic Research. Michael Harper is chief of the Division of Productivity Research at the Bureau of Labor Statistics. Edwin R. Dean, formerly associate commissioner for Productivity and Technology at the Bureau of Labor Statistics, is adjunct professor of economics at The George Washington University.
Author | : Ross Levine |
Publisher | : |
Total Pages | : 130 |
Release | : 2004 |
Genre | : Economic development |
ISBN | : |
"This paper reviews, appraises, and critiques theoretical and empirical research on the connections between the operation of the financial system and economic growth. While subject to ample qualifications and countervailing views, the preponderance of evidence suggests that both financial intermediaries and markets matter for growth and that reverse causality alone is not driving this relationship. Furthermore, theory and evidence imply that better developed financial systems ease external financing constraints facing firms, which illuminates one mechanism through which financial development influences economic growth. The paper highlights many areas needing additional research"--NBER website
Author | : Rajib Bhattacharyya |
Publisher | : Emerald Group Publishing |
Total Pages | : 297 |
Release | : 2019-11-26 |
Genre | : Business & Economics |
ISBN | : 1789739993 |
Geared towards policy makers, researchers, academics, and business and management professionals, The Gains and Pains of Financial Integration and Trade Liberalization helps readers develop new theories and models for analysing the future trends in finance and trade-related issues.
Author | : Marga Peeters |
Publisher | : Springer Science & Business Media |
Total Pages | : 230 |
Release | : 2013-09-21 |
Genre | : Business & Economics |
ISBN | : 3642356974 |
The Arab upheaval and the world's biggest financial crisis after the Great Depression were almost simultaneous in their occurrence. The Mediterranean economies now face a dual challenge of a political and financial restructuring in the light of a shaky economic pedestal on which they stand. In light of this socio-political and economic shift in both inland and in world markets, this book offers a thorough analysis on problems, prospects and the way ahead for the financial integration of the South-Mediterranean region. Several perspectives on financial integration and policy recommendations are put forward from a leading group of researchers specializing on the Mediterranean region.