Showing 31 - 40 of 84
Agriculture's share in an economy invariably declines as per capita income rises and as the economy develops. The … structural model of the transformation of the Indonesian economy, applying the Error Correction Mechanism to capture the dynamics … resulting from disequilibria and costs of adjustment is developed. The authors develop an econometric model of the economy …
Persistent link: https://www.econbiz.de/10005134210
This paper presents the discussions that took place at a seminar about the major global economic issues in the context of the long-term prospects for the industrial economies. Most participants agreed that growth rates are not likely to return to well over 2.5 percent in the medium run - unless...
Persistent link: https://www.econbiz.de/10005134211
Africa's economic history since 1960 fits the classical definition of tragedy: potential unfulfilled with disastrous consequences. The authors use one mehthodology - cross-country regressions - to account for sub-Saharan Africa's growth performance over the past 30 years and to suggest policies...
Persistent link: https://www.econbiz.de/10005134244
Lederman and Maloney examine the empirical relationships between trade structure and economic growth, particularly the influence of natural resource abundance, export concentration, and intra-industry trade. They test the robustness of these relationships across proxies, control variables, and...
Persistent link: https://www.econbiz.de/10005141436
This paper presents a framework for measuring how the structure of taxation and government spending affect output growth. It is shown that when countries are not following a steady-state growth path, static and dynamic distortions will affect output growth. In particular, taxes can affect output...
Persistent link: https://www.econbiz.de/10005141440
in the first place also contributed to the economy's increasing vulnerability. High output growth was driven by rapid … growth. On the other hand, the economy's other structural strengths, such as openness to foreign direct investment and …
Persistent link: https://www.econbiz.de/10005141476
The authors examine the growth and convergence of total factor productivity in agriculture and manufacturing in a large sample of countries spanning many levels of development over the period 1967-1992. There is a widely held but rarely tested view that the rate of growth in agricultural...
Persistent link: https://www.econbiz.de/10005141485
The author provides district-level estimates of the contribution of technical change to agricultural output growth in the Indian Punjab from 1960 to 1993. Contrary to widespread belief, productivity growth in the Punjab was surprisingly low during the green revolution (in the mid-1960s), when...
Persistent link: https://www.econbiz.de/10005141500
effect on growth in all circumstances. The effect depends on how flexible the economy is, how large the share of the factor …
Persistent link: https://www.econbiz.de/10005141646
The Harrod-Domar growth model supposedly died long ago. But for more than 40 years, economists working on developing countries have applied -and still apply- the Harrod-Domar model to calculate short-run investment requirements for a target growth rate. They then calculate a financing gap...
Persistent link: https://www.econbiz.de/10005141661