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between economic policies and the growth record is examined. Although a gradual reduction in macroeconomic distortions was …-market allocation of resources and allowed Spain to accelerating growth and catching up with Western Europe. Without the 1959 Plan, per …
Persistent link: https://www.econbiz.de/10008468511
There is a great deal of interest in the causes and consequences of conflict in Africa, one of the poorest areas of the world where only modest economic progess has been made. This paper asks whether post-colonial conflict is, at least in part, a legacy of historical conflict by examining the...
Persistent link: https://www.econbiz.de/10011083742
We construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...
Persistent link: https://www.econbiz.de/10008854520
finance higher investment and growth; (ii) insure against aggregate shocks and reduce consumption volatility; and (iii … capital flows, investment, and growth; (ii) large capital inflows and higher investment and growth; or (iii) volatile capital …
Persistent link: https://www.econbiz.de/10008784713
To what extent has Sub-Saharan Africa’s slow economic growth over the past five decades been due to price and trade … distortions respond to economic growth, using rainfall and international commodity price shocks as instrumental variables. We find … on the growth rate of Sub-Saharan African countries. Our fixed effects estimates suggest that, during 1960-2005, a one …
Persistent link: https://www.econbiz.de/10009246604
FDI has received surprisingly little attention in theoretical and empirical work on openness and growth. This paper … presents a theoretical growth model where MNCs directly affect the endogenous growth rate via technological spillovers. This is … novel since other endogenous growth models with MNCs, e.g. the Grossman-Helpman model, assume away the knowledge …
Persistent link: https://www.econbiz.de/10005504277
capital varieties is less then infinity, but more than the value that would generate endogenous growth. This production … the relatively slow speed of convergence documented in the growth literature. Calibrating the model, our results are that …
Persistent link: https://www.econbiz.de/10009364327
the accumulation of public and foreign debts as well as relatively low overall growth - features that characterize the … exit from the crisis and the resumption of growth. …
Persistent link: https://www.econbiz.de/10011083245
conditional growth rate, in a representative panel of developed economies. This paper develops a simple neoclassical growth model … goods. This is the above mentioned political system complementarity. Whether, steady state output and growth towards the …
Persistent link: https://www.econbiz.de/10011084192
This survey reviews the recent research on trust, institutions and economic development. It discusses the various measures of trust and documents the substantial heterogeneity of trust across space and time. The conceptual mechanisms that explain the influence of trust on economic performance...
Persistent link: https://www.econbiz.de/10011084699