Journal ArticleDOI
Determinants of South Korean Economic Growth, 1955–1990
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TLDR
In this paper, a time-series analysis applied cointegration and error-correction techniques was performed to determine the growth factors for Korea by a time series analysis applying cointegrated and error correction techniques.Abstract:
Disparities between growth rates of different countries are only in part explainable by basic factors of production. New growth theory links economic growth, e.g., to increasing returns to scale, to human capital development and stresses the important role of institutions. Our aim is to determine the growth factors for Korea by a time-series analysis applying cointegration and error-correction techniques. The results show that human capital, investment and exports enhance economic development, while inflation and government consumption exert a negative influence on growth. Additionally, the import substitution phases during the 50ies and 70ies as well as a productivity oriented wage development contribute to economic growth. [F14, 047]read more
Citations
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Impact of Leadership Styles on Employees' Organizational Commitment in Lithuanian Manufacturing Companies
Ilona Bučiūnienė,Vida Škudienė +1 more
TL;DR: In this article, the authors investigated the relationship between employees' organizational commitment dimensions and leadership styles in Lithuanian manufacturing companies and revealed positive correlations between a transformational leadership style and affective and normative employee commitments.
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The Problem of Development: Introduction
TL;DR: In this paper, the authors propose a method to solve the problem of homonymity of homophily in the context of homomorphic data, and no abstracts are available.
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Openness and Economic Growth in Pakistan
TL;DR: In this article, the authors examined the relationship between openness and economic growth in the context of Pakistan's economy and provided an overview of trade liberalisation in Pakistan, and concluded that openness has a favorable impact on economic growth.
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Foreign aid, investment and economic growth in Kenya: A time series approach
Daniel M'Amanja,Oliver Morrissey +1 more
TL;DR: In this article, the authors identify aspects of the determinants of growth in Kenya, in particular if aid played a role, and find that shares of private and public investment, and imports in GDP have strong beneficial effects on per capita income in Kenya.
References
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Journal ArticleDOI
Co-integration and Error Correction: Representation, Estimation and Testing
TL;DR: The relationship between co-integration and error correction models, first suggested in Granger (1981), is here extended and used to develop estimation procedures, tests, and empirical examples.
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A Contribution to the Theory of Economic Growth
TL;DR: In this paper, a model of long run growth is proposed and examples of possible growth patterns are given. But the model does not consider the long run of the economy and does not take into account the characteristics of interest and wage rates.
The mechanics of economic development
Abstract: This paper considers the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development. Three models are considered and compared to evidence: a model emphasizing physical capital accumulation and technological change, a model emphasizing human capital accumulation through schooling, and a model emphasizing specialized human capital accumulation through learning-by-doing.
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Increasing Returns and Long-Run Growth
TL;DR: In this paper, the authors present a fully specified model of long-run growth in which knowledge is assumed to be an input in production that has increasing marginal productivity, which is essentially a competitive equilibrium model with endogenous technological change.
Journal ArticleDOI
On the mechanics of economic development
TL;DR: In this article, the authors consider the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development, and compare three models and compared to evidence.