Showing 1 - 10 of 11
A Third World data base documenting commodity and factor prices 1870-1940 has been collected, yielding annual time series on wage/rental ratios, land/labor ratios, the terms of trade, and other explanatory variables for: Argentina, Burma, Egypt, Japan, Korea, the Punjab, Taiwan, Thailand and...
Persistent link: https://www.econbiz.de/10012470966
Poor countries are more volatile than rich countries, and we know this volatility impedes their growth. We also know …, globalization has been good for growth in poor countries at least by diminishing price volatility. But comparative advantage has …
Persistent link: https://www.econbiz.de/10012463899
the most important force accounting for the switch in sign on the tariff-growth connection after 1950. An increase in own … second since World War II, and the autarkic interlude in between. First, there is strong evidence supporting a Tariff-Growth … Paradox: protection was associated with fast growth before World War II, while it was associated with slow growth thereafter …
Persistent link: https://www.econbiz.de/10012470259
If we have learned anything from the recent outpouring of empirical growth equations is that life is far too complex to … unconditional'" Kuznets Curve to emerge from the growth experience of all countries and at all times. The" industrial revolutionary … long to learn that" demography influences growth? When treated properly, demography can be shown to have a" significant …
Persistent link: https://www.econbiz.de/10012472568
There were three epochs of growth experience after the mid 19th century for what is now called the OECD 'club'; the … century epochs were ones of overall fast growth and convergence: poor countries tended to grow even faster than rich and the … economic gap between rich and poor countries diminished. The middle years were ones of overall slow growth and divergence: poor …
Persistent link: https://www.econbiz.de/10012473616
, modern economists argue that volatility reduces growth in the poor periphery. This paper assess these de … econometric evidence from 1870-1939, we know that while a terms of trade improvement raised long run growth in the rich core, it … divergence between core and periphery. Third, the boom and its de-industrialization impact was only part of the story; growth …
Persistent link: https://www.econbiz.de/10012464805
The contending fundamental determinants of growth -- institutions, geography and culture --exhibit far more persistence … than do the growth rates they are supposed to explain. So, what exogenous shocks might account for the variance around …
Persistent link: https://www.econbiz.de/10012468757
This paper uses a new database to establish a key finding: high tariffs were associated with fast growth before World … War II, while associated with slow growth thereafter. The paper offers some explanations for the sign switch by … export market growth or transportation cost declines, it shows how the oft-quoted Sachs-Warner result might be turned on its …
Persistent link: https://www.econbiz.de/10012469529
This paper documents industrial output and labor productivity growth around the poor periphery 1870-1975 (Latin America … growth accelerated there over this critical century. The precocious poor periphery leaders underwent a surge and more poor … catching up? Productivity growth certainly made their industries more competitive in home and foreign markets, but other forces …
Persistent link: https://www.econbiz.de/10012461848
This paper documents industrial output growth around the poor periphery (Latin America, the European periphery, the … industrial catching up, defined as the tendency of less industrialized countries to post higher per capita manufacturing growth …
Persistent link: https://www.econbiz.de/10012460439