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Publications (19)
This volume explores the various linkages between financial development, institutions, growth and poverty reduction in low-income and transition countries. It is the result of a two-year research project undertaken by UNU-WIDER, and the strong range of contributions present a significant variety of...
Working Paper
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– An Empirical Assessment of the Indian Economy
This study is an attempt towards an integration of financial development and its effect on the real sector via the transmission mechanism with special reference to developing and emerging market economies. It finds two cointegrating relations between the financial development, output growth and...
– ICT Opportunities and Challenges
Within the last three decades, industrialization, and manufacturing in particular, has decreased in importance as the principal driver of economic growth and development in the world economy. The expansion of the service sector in industrialized societies reflects the increasing significance of the...
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– What We Know and What We Need to Know
Drawing on recent literature, the paper argues that institutions and political economy factors hold the key to understanding why some countries have succeeded in developing their financial systems while others have not. The paper also reviews new evidence which suggests that institutional quality...
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– Impact on Real Effective Exchange Rate Volatility, Institutional Quality and Growth for MENA Countries
We analyse two potential effects arising from regional (and with EU) integration—increased quality of institutions (including the quality of financial institutions) and, economic policies and reduced multilateral exchange rate volatility—in a conditional convergence growth framework for MENA...
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Our paper investigates the unexplored impact of education on inflation and of this relationship on economic growth. By using a sample of 102 countries observed on non-overlapping five-year data spells over the period 1963-2001, we find that average schooling years of the working population have a...
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– Evidence from 25 Emerging Market Economies, 1973-97
This paper aims to investigate the relationship between financial liberalization on the one hand and saving, investment and economic growth on the other hand, using a new dataset for measuring financial liberalization for a sample of 25 developing economies over the period 1973-96. We find no...
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Recent years have witnessed important structural changes around the world as a result of the globalization process, the creation of new economic blocks and the liberalization of financial sector in many countries. Responding to these changes many sectors of the industrialized countries have gone...
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– Is the Relationship Extinct Already?
Although the finance–growth nexus has become firmly entrenched in the empirical literature, studies that question the strength of the empirical results have appeared and seem to have become more frequent as well. In this paper we re-examine the core country panel results that established the...
Policy Brief
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The rise of the new economy is undeniable. Yet its impact on the development process is still to be fully understood. Investment in ICT itself is not sufficient to ensure longterm improvements in social well-being but requires other factors that result in an enabling environment in which progress...
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We examine the relationship between the directly observable indicator of new technology, ICT investment ratio, and skill upgrading by analysing changes in employment and wage structure of 25 Korean industrial sectors over the 1993-99 period. The results show that there has been little relationship...
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This paper examines the status of ICT in the Arab world and the potential opportunities and challenges that ICT is expected to create for development in the region. The analysis shows that, despite the recent growth in the demand for ICT, it has a very limited market in the Arab region, as indicated...
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– Realities of the Myths of the Indian Experience
While there is an increasing realization of the potential that IT offers for human welfare, IT-induced productivity and growth are confined to the developed world. It is argued that even though the international digital divide is a reality, there are certain specific characteristics of the new...
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– Assessing the Role of ICT Diffusion
Using data from developing countries, this paper explores the nature and direction of the links between ICT diffusion and per capita income, trade and financial indicators, education, and freedom indicators. Internet hosts, Internet users, personal computers and mobile phones represent indicators of...
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– A Case of Managing Expectations?
A discussion of the theory of technology and economic growth suggests potentially negative implications for the impact of the Internet on developing countries. Technology in general is undoubtedly central to the growth process, but economists define technology in very broad terms. The impact of any...
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Despite the fast catching-up in ICT diffusion experienced by most EU countries in the last few years, information technologies have so far delivered little productivity gains in Europe. In the second half of the past decade, growth contributions from ICT capital rose in six EU countries only (the UK...
Displaying 16 of 19 results