Showing 1 - 10 of 25
This paper is an effort to bring together diverse literatures on the measurement of productivity and its relation to trade regime, focussing on recently developed techniques and their applications. It provides a brief review of the theoretical arguments linking trade policy and productivity....
Persistent link: https://www.econbiz.de/10005128584
The authors reexamine the role of financial market development in the intersectoral allocation of resources. First, they characterize the assumptions underlying previous work in this area, in particular, that of Rajan and Zingales (1998). The authors argue that Rajan and Zingales (1998)...
Persistent link: https://www.econbiz.de/10005128915
This paper studies the influence of"high technology"on the growth of output by using cross-section data on U.S. states. An eclectic approach to the"sources-of-growth"literature leads to the estimate of a"base"equation which explains about half of the differences in per capita GSP growth rates of...
Persistent link: https://www.econbiz.de/10005129138
After years of poor economic performance, many Latin American countries undertook ambitious programs of macroeconomic stabilization andstructural reform in recent years. This change in policy created high expectations for the region, and some observers have questioned whether actual growth...
Persistent link: https://www.econbiz.de/10005129321
Cross-national data on economic growth rates show that increases in educational capital resulting from improvements in the educational attainment of the labor force have had no positive impact on the growth rate of output per worker. In fact, contends the author, the estimated impact of growth...
Persistent link: https://www.econbiz.de/10005129350
Since Vietnam's adoption of the doi moi or renovation policy in 1986, the country has been undergoing the transition … from central planning to a socialist market-oriented economy. This has translated into strong economic growth, led by the …, that employment growth has lagged. To address this concern, the author compares new employment data from the Vietnam Living …
Persistent link: https://www.econbiz.de/10005133486
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
Soviet growth for 1960-89 was the worst in the world, after controlling for investment and human capital. And relative performance worsens over time. The authors explain the declining Soviet growth rate from 1950 to 1987 by the declining marginal product of capital. The rate of total factor...
Persistent link: https://www.econbiz.de/10005134343
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
In recent years, economists have developed new models of endogenous economic growth that consider policy influences on growth and divergent outcomes among countries. These models deal with such issues as growth, the operation of financial markets, trade policy, government expenditures, and...
Persistent link: https://www.econbiz.de/10005141723