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suggest that developing countries grow faster when they are globally competitive in low-technology manufacturing and natural …
Persistent link: https://www.econbiz.de/10011537231
Rodrik (2016) pointed out that late industrializing countries are experiencing a lower peak at lower income levels in the manufacturing employment share hump-shaped path. The present study develops a theoretical model to analyze the dynamics of industrialization and deindustrialization in...
Persistent link: https://www.econbiz.de/10014333588
technological progress at the world technology frontier (potential TFP growth, the “frontier shift” index). We then compare these … that these characteristics are sensitive to the precision of estimates of the world technology frontier, and then we … skilled labor and using US state-level data apart from cross-country data for estimating the world technology frontier …
Persistent link: https://www.econbiz.de/10014186870
from the World Technology Frontier, estimated on the basis of annual data on inputs and output in 19 highly developed OECD …
Persistent link: https://www.econbiz.de/10014041982
The economic slowdown experienced in Colombia since 1980 is explained by the structural stagnation of the national economy and the escalation of violence associated with the expansion of drug trafficking. The available data do not reject this hypothesis. The article sustains that...
Persistent link: https://www.econbiz.de/10008493482
We modify the concept of the middle-income trap (MIT) against the background of the Fourth Industrial Revolution and the (future) challenges of automation (creating the concept of the "MIT 2.0") and discuss the implications for developing Asia. In particular, we analyze the impacts of...
Persistent link: https://www.econbiz.de/10012206273
This paper studies the interplay between left-handedness and economic development. To explain the decline and subsequent recovery of left-handedness observed over the last few centuries in the Western world, we propose a theory in which economic development influences the prevalence of...
Persistent link: https://www.econbiz.de/10012493880
Employing propensity score reweighting and event-based strategies, we provide evidence that sustained real exchange rate (RER) misalignments have significant effects on economic development: positive on GDP per capita and capital stock in the case of undervaluation, and negative on the capital...
Persistent link: https://www.econbiz.de/10012807582
This research explores the effects of distance to the pre-industrial technological frontiers on comparative economic development in the course of human history. It establishes theoretically and empirically that distance to the frontier had a persistent non-monotonic effect on a country's...
Persistent link: https://www.econbiz.de/10012940315
Persistent link: https://www.econbiz.de/10014259297