A competitive stock market is embedded into a neoclassical growth economy to analyze the interplay between the acquisition of information about firms, its partial revelation through stock prices, capital allocation, and income. The stock market allows investors to share their costly private signals in a cost-effective incentive-compatible way. It contributes to economic growth by raising total …
Includes bibliography and index
Includes bibliographies and index
Includes bibliographies, index and tables
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Includes bibliographical footnotes and index
Includes tables
Includes tables
Includes bibliographies, index and tables
Includes index and tables
Includes bibliographies, index and tables
Includes bibliographies and index
Includes bibliographies, index and tables
Includes index and tables
This study examines the role of ICT as a factor in Indonesia’s financial sector development, remittances, and economic growth nexus using annual data from 19842017. We use the bounds testing procedure based on the Autoregressive Distributed Lag framework and the neoclassical growth model. The findings of the study reveal that ICT has indeed emerged as a significant factor in the remittance-gr…
In this paper, we investigate the impact of innovation and corruption on economic growth for 13 emerging Asian economies over the period of 2009 to 2018. Using global innovation and corruption indices, we show that innovation has no significant impact on growth. In contrast, corruption slows down growth in the region. Our results indicate that innovation in the region is not robust enough to at…
This paper examines the role of institutional quality in the external debt–economic growth relationship. By taking a dynamic threshold specification to a panel data consisting of 53 countries, we find that external debt has an adverse effect on a country’s growth, while institutional quality improves it. We find that the effect of external debt on economic growth depends on the level of ins…
This paper investigates the impact of information and communications technology (ICT) on economic growth in Pacific Island countries by employing an augmented production function model and panel data analysis from 2002 to 2017. The empirical findings reveal that ICT-related indicators have a positive and significant impact on the economic growth process, along with the fundamental variable of c…
Includes bibliographies and index