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This paper examines how financial development affects the sources of growth—productivity and investment—using a sample of 145 countries for the period 1960-2011. We employ a range of econometric approaches, focusing on the CCA and MENA countries. The analysis looks beyond financial depth to capture the access, efficiency, stability, and openness dimensions of financial development. Yet even in this broad interpretation, financial development does not appear to be a magic bullet for economic growth. We cannot confirm earlier findings of an unambiguously positive relationship between financial development, investment, and productivity. The relationship is more complex. The influence of the different dimensions of financial development on the sources of growth varies across income levels and regions.
The full texts of Armed Services and othr Boards of Contract Appeals decisions on contracts appeals.
The principles and concepts for unsaturated soils are developed as extensions of saturated soils. Addresses problems where soils have a matric suction or where pore-water pressure is negative. Covers theory, measurement and use of the fundamental properties of unsaturated soils--permeability, shear strength and volume change. Includes a significant amount of case studies.
The true story of MI5's persecution of a British citizen across various countries since 1990. First the TV newscasters watched me while they read the news. Then co-workers were subverted which continued throughout my working life. MI5 sent people in the street to stalk me. On 17 November 2001 they ordered Americans to shoot me, and their plot failed. Finally in August 2005 began the Mind Control Torture which has continued ever since whereby security service agents read my thoughts and repeat them interspersed with swearing and sexual abuse.
The Committee's report examines issues in the further education and skills training sector, including the findings of the independent review into the future of FE colleges conducted by Sir Andrew Foster (2005, ISBN 1844786153) (more information on the review can be found at http://www.dfes.gov.uk/furthereducation/index.cfm?fuseaction=content.viewandCategoryID=20andContentID=18) and the funding of learning for those adults outside the Government's current priority funding groups. Amongst its 51 conclusions and recommendations, the report welcomes the Government's recent statements on the importance of the FE sector to the UK economy and society. However, concerns are expressed that some of th...
Parliament and the legislative Process : 14th report of session 2003-04, Vol. 2: Evidence