Historical, cultural and institutional factors certainly did have a positive impact on the economic growth in South Korea and the other East Asian newly industrialising economies. However, these factors would not have been of any importance without governmental influence. Particularly in South Korea, a strong state with highly respected and qualified bureaucrats could play a central role in sti...

Progress towards the MDGs is expected to slow as a consequence of the global economic downturn. Th is study applies an economy-wide framework to analyze the impact of the crisis on MDG achievement in six Latin American countries. It fi nds signifi cant setbacks towards the goals and, in the case of the region’s low-income countries, the cost of achieving these would rise between 1.6 and 3.4 per...

For performance national economy sectors are divided and grouped according to their economic importance. The authors put forward four parameters characterizing the efficiency of national economy sectors by justifying the choice and describing the tendencies in sectoral aspect. Are set the importance degrees for indicators on the basis of national priorities, availability, reliability and logica...

Collaborative development of the three industries is the target of pursuit for economic development of a country, and is also the requirement for economic harmony and sustainable development. It is a difficult issue how to measure collaboration of the three industries and conduct a quantitative study. However, it is a quite good choice to establish an evaluation indicator system and employ the ...

The post-communist countries of Eastern Europe and the former Soviet Union introduced, at least initially, political and economic reforms simultaneously. This paper explores the consequences of simultaneous implementation of economic and political liberalisation for economic growth. It is found that democracy indeed had a negative marginal effect on growth during early phases of transition (199...

There is a substantial body of literature arguing that financial development (the growth of banking and financial intermediation) contributes to economic growth. This paper makes two contributions to this literature. First, drawing on the banking history literature, we use data on state bank-branching and deposit-insurance regulation as a source of plausibly exogenous variation in financial dev...

This study examines the relationship between government deficit and corporate liquidity (cash holdings). Using data of nonfinancial firms in Taiwan from 1981 to 2009, this study finds that corporate liquidity is lower when government deficit is higher. In addition, corporate liquidity is related with other macroeconomic conditions, such as inflation, short-term interest rate, and economic growt...