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Regional development policy is a priority of Colombia’s government. The country has experienced sustained economic growth over the past decade; yet several territories still lack development opportunities. To promote growth in all regions the government has engaged in a series of reforms. For...
Persistent link: https://www.econbiz.de/10012447332
This review, which draws on data and comparative perspectives from OECD countries, highlights challenges that Brazil will need to tackle, including those related to fiscal arrangements among the sub-national governments, building administrative capacity at the local level, and fostering...
Persistent link: https://www.econbiz.de/10012447349
Chile has achieved strong economic growth during the last 20 years. Nevertheless, its economy depends on a few resource-based sectors located in a small number of regions. The performance of Chilean regions varies significantly and regional disparities in GDP per capita are very high compared to...
Persistent link: https://www.econbiz.de/10012448265
The Pan Yellow Sea Region (PYSR) covers the coasts of Northern China (Bohai Rim), western and southern Korea and south-western Japan (Kyushu). It has been one of the fastest growing economic zones in East Asia since China’s opening in the early 1990s, thanks to the region’s extensive...
Persistent link: https://www.econbiz.de/10012448266
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China is faced with the big challenge of maintaining a remarkable economic growth in an environmental friendly manner; that is why forecasting the turning point is of necessity. Traditional econometric approaches do not consider the spatial dependence that inevitably exists in the economic...
Persistent link: https://www.econbiz.de/10011644085
levels. The so-called absolute convergence hypothesis focuses on initial income levels to account for the variability in … income growth among regions. Empirical data seem to support the absolute convergence hypothesis for U.S. states, but the data …
Persistent link: https://www.econbiz.de/10011602501
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In this paper we discuss the relationship between economic growth and natural resources at a global level, taking into account geography. With this aim, our model integrates elements of the theories of endogenous growth, natural resources and new economic geography. We find that an increase in...
Persistent link: https://www.econbiz.de/10011873113