The international financial architecture is misaligned with the goals set out in the UN Sustainable Development Goals and the Paris climate agreement. External financing flows to emerging-market and developing countries (excluding China) need be increasing by at least US$1 trillion annually from...

Urban planning has shaped cities for millennia, demarcating property rights and mitigating coordination failures, but its rigidities often conflict with market-driven development, which reflects preferences. Although planning is widespread in high-income countries, rapidly growing cities in the...

This chapter examines the role of religion in economic development, both historically and today. Religion's influence varies globally, with high religiosity in countries like Pakistan and low rates in China. Despite declines in some Western countries, religion remains influential worldwide, with...

This chapter examines the role of religion in economic development, both historically and today. Religion’s influence varies globally, with high religiosity in countries like Pakistan and low rates in China. Despite declines in some Western countries, religion remains influential worldwide,...

This study analysed the determining factors of the concentration of "superstar firms" in specific economies, with a focus on the interaction between technological innovation, economic development, and market structures. Using global data from Statista on superstar firms for the year 2022,...

Using a dynamic panel dataset of 150 countries for the period of 2006-2018 and a twostep system GMM estimation model, this paper shows that natural resources have a positive effect on economic development while holding corruption constant. Our findings support the notion that natural resources...

In September 2013, the Chinese government approved establishing Shanghai Pilot Free Trade Zone (SPFTZ), the first Pilot Free Trade Zone (PFTZ) in the country. SPFTZ mainly implements policy and institutional innovation, aiming to extend reform and opening-up, generate the dividends of reform,...

This investigation assessed the influence of formal financing for small and medium-sized enterprises (SMEs) on the economic advancement of Nigeria, utilising annual time series data ranging from 1992 to 2022. Employing the Cobb-Douglas framework, control variables, including capital formation...

Starting from the significant role played by entrepreneurship in the economy and also from the pressing problem of gender inequality, in this paper we aim to analyse the link between entrepreneurship and economic development, with emphasis on the mediating role of gender and motivations of...

This paper develops a tractable North-South framework with overlapping generations and endogenous growth dynamics to study poverty traps in the light of climate change. Global pollution is a negative externality of capital accumulation in both world regions, and climate change causes damages to...

This paper examines the services sector's contribution to the South African economy and the extent to which the sector can drive structural transformation. The South African economy has continued along a path of tertiarization and can be classified as a de facto services-based economy....

This essay aims to address the existing theoretical gap regarding the in-depth study of institutional change and its relationship with the endogenous development potential of regions. The intersection of these two theoretical approaches offers an understanding of how changes in formal and...

This paper aims to analyze the main reasons to the tendency toward stagnation of the Brazilian economy and to discuss a strategy of sustained development to overcome such tendency from a Keynesian-Structuralist approach, more specifically adopting a Newdevelopmentalism green agenda. A sustained...

Largely because of its vast copper reserves, Chile's exports are highly concentrated on this low complexity product and this is often cited as a major drawback of its economic policy framework. However, its exogenous copper abundance conceals the country's success in developing non-mineral and...

This introduction sketches out what relevance wood and wood products have had in Europe's industrial societies. It also summarizes some peculiarities of the wood-based businesses caused by both the materiality of wood and the ecologies of forests. Most importantly, the introduction...

Formal conceptions of state capacity have mostly focused on indirect measures of state capacity - by, for instance, using the state's fiscal or extractive capacity as a proxy for its overall capacity. Yet, this input or extractive view of state capacity falls short, especially since...

In the context of encouraging economic growth and development, every country needs adequate financial resources, including Bosnia and Herzegovina (hereinafter BiH). One of the key mechanisms in the context of obtaining financial resources refers to foreign direct investment (hereinafter referred...

This paper analyses and documents new long-term income inequality series for Argentina, Brazil, Chile, Colombia, Mexico and Venezuela based on dynamic social tables with four occupational groups. This enables the calculation of comparable Overall (4 groups) and Labor Ginis (3 groups) with their...

We develop a framework for quantifying barriers to labor force participation (LFP) and entrepreneurship faced by women in India. We find substantial barriers to LFP, and higher costs of expanding businesses through the hiring of workers for women entrepreneurs. However, there is one area in...

Economic development in Africa is among the most important global challenges today. Meanwhile, the G7 is under pressure due to system competition and the question of legitimacy and effectiveness. The recent PGII initiative uses investment to improve economic development in Africa. But what about...

The role of social capital in economic development has been a subject of interest to both academics and practitioners of development for several decades. However, empirical evidence on social capital in the context of developing countries is still relatively scant. This study explores the...

Decentralization, championed by international institutions, has been one of the most prominent public sector reforms of the last decades, particularly in sub-Saharan Africa. To date, few studies propose a quasi-experimental evaluation of its capacity to contribute to local development. We...

Objective: This study aims to analyse the relationship between entrepreneurship and economic development. Quantified through the gross domestic product (GDP) per capita, across selected developed and developing countries. The research seeks to clarify how variations in entrepreneurial activity,...

This study delves into the complex relationship between government sectorial expenditure and economic growth in Ethiopia from 1980 to 2021. Utilizing a modified endogenous growth model and the ARDL bound test model approach to co-integration, the research uncovers a long-run co-integrating...