Showing 1 - 10 of 74
Empirical evidence indicates that in many developing regions, the extreme poor in more marginal land areas form a"residual"pool of rural labor. Structural transformation in such developing economies depends crucially on labor and land use decisions of these most-vulnerable populations located on...
Persistent link: https://www.econbiz.de/10010660027
This paper examines the possibility of environmental"development traps,"or"brown poverty traps,"caused by interactions between the impacts of climate change and increasing returns in the development of"clean-technology"sectors. A simple specification is used in which the economy can produce a...
Persistent link: https://www.econbiz.de/10010829404
The troublesome debts of many developing countries have spawned much literature on why countries borrow, on what debt contributes to growth, on why countries repay, and on how to deal with existing debt. The author provides an analytical primer on the following aspects of sovereign debt : 1) the...
Persistent link: https://www.econbiz.de/10005128462
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
This paper compares the association between many popular proxies for openness and the rate of GDP growth, as well as the results from cross-section and panel estimation, controlling for country effects. The results suggest that using period averages versus annual data critically affects the...
Persistent link: https://www.econbiz.de/10005128597
The authors study the dynamics of output, consumption, and real wages induced by a disinflation program based on permanent and temporary reductions in the nominal devaluation rate. They use an intertemporal optimizing model of a small open economy in which domestic households face imperfect...
Persistent link: https://www.econbiz.de/10005128668
Analysis of decade-long growth rates in all countries shows a striking regularity: episodes of rapid growth are limited largely to a middle range of initial income; neither very poor nor very rich countries experienced rapid growth. Episodes of negative growth are limited to low and middle-income...
Persistent link: https://www.econbiz.de/10005128692
In developing countries, industrialization for successful export-led growth has been associated with rapid structural change and growth in productivity. Standard neoclassical growth models have difficulty explaining this change in performance. This paper has developed a simple analytical model...
Persistent link: https://www.econbiz.de/10005128734
The past three and a half decades witnessed a distinctly declining trend in Singapore's unemployment rate, which dropped from an average annual rate of 7.85 percent in 1966-70 to 2.74 percent in 1991-2000. The authors seek to identify and empirically examine the factors that have influenced...
Persistent link: https://www.econbiz.de/10005128760
The author presents a simple endogenous growth model (with two types of capital) that shows the sizable long-run effects on growth of distortionary policies. The model applies to many different types of distortions of relative prices common in developing countries - for example, price controls,...
Persistent link: https://www.econbiz.de/10005128864