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Her leadership was essential to the institutions growth.
The data follow downward revisions at several leading institutions' growth forecasts for the year.
"They were more concerned about growth — not growth of the livelihoods and economic status of the clients, but only the institutions' growth," she said.
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While new institutional economists argue that institutions cause growth, the literature on industrial policies (Chang 2003; Khan and Jomo 2000; Reinert 2008), among others, contend that growth and development determine the direction and rate of institutional change.
Hernando and Villanueva (2014) explore this channel and find that lagged exposure to real estate (and the interaction with housing prices) is a good predictor of financial institutions' capital growth once housing prices had accumulated two years of negative growth.
And yet the combination reflects weakness as much as strength, as both institutions seek growth in areas where their previous efforts have not been especially successful.
Hopefully China has now moved too far in the direction of a market economy for some new leader abruptly to change his mind.* "Do institutions cause growth?" by Edward Glaeser, Rafael La Porta, Florencio Lopez-de-Silanes Lopez-de-Silanes Lopez-de-Silanes and Andrei Shleifer
There are four layers of markings in "Mural," and many of them implicitly refer to the history of finance capitalism — maps, trade routes, population shifts, financial institutions, the growth of cities. Mehretu pointed to several bold, curving, orange and blue lines.
We study the effect of fair institutions on growth.
First, there is an important literature showing the importance of good and market friendly institutions on growth.2 Second, there is some compelling evidence that institutions are not frozen and can evolve over time.
Economic research shows that social cohesion is vital for good institutions and growth.
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