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-economy income convergence. Where RCK predicts partial income and consumption convergence between open economies Solow predicts full … convergence. This paper presents, by a small modification of the savings behavior in the Solow model, a framework that matches RCK … country size; that income growth will be a U-shaped function of initial income thus creating differentiated convergence; and …
Persistent link: https://www.econbiz.de/10012657999
institutions implemented by the British, on disparity in present day development using district level data from India. Using …We study the implications of two historical institutions, direct British rule, and the heterogeneous land tenure … year while indirectly ruled districts were converging at a rate of 5.7% per year. Much of the development gap between areas …
Persistent link: https://www.econbiz.de/10013231963
Most evidence for the resource curse comes from cross-country growth regressions suffers from a bias originating from the high and ever-evolving volatility in commodity prices. This paper addresses these issues by providing new cross-country empirical evidence for the effect of resources in...
Persistent link: https://www.econbiz.de/10010270466
institutions precede crises and, interestingly, positive reforms occur thereafter. Strong institutions shorten the duration of … interaction effect suggests they can be offset by appropriate institutions. …
Persistent link: https://www.econbiz.de/10010333418
What is the long run impact on development from differences in subsistence strategies during pre-industrial times … had access to, and proceed to explore its correlation with economic development. Our analysis reveals that a greater … Bounty of the Sea stimulated pre-industrial development, and that countries inhabited by people with ancestry in regions with …
Persistent link: https://www.econbiz.de/10011388201
institutions implemented by the British, on disparity in present day development using district level data from India. Using …We study the implications of two historical institutions, direct British rule, and the heterogeneous land tenure … year while indirectly ruled districts were converging at a rate of 5.7% per year. Much of the development gap between areas …
Persistent link: https://www.econbiz.de/10012582094
We investigate the effects of economic crises on the subsequent economic performance, economic reform, democratization and institutional change. Our analysis is based on a sample of post-communist countries, most of which experienced severe economic crises during the 1990s. We find that the...
Persistent link: https://www.econbiz.de/10010280828
Reforms often occur in waves, seemingly cascading from country to country. We argue that such reform waves may be driven by informational spillovers: uncertainty about the outcome of reform is reduced by learning from the experience of similar countries. We motivate this hypothesis with a simple...
Persistent link: https://www.econbiz.de/10010281046
the historical determinants of institutions with the sizeable direct impact of geographic endowments on development. …, geography has also affected colonization policies and, therefore, institutional outcomes. Using non-colonized countries as a …
Persistent link: https://www.econbiz.de/10010283609
Because excessive specialization can be risky, diversification matters for sustainable development. A case study of … production possibilities to illuminate the possible contribution of diversification to economic and social development in …
Persistent link: https://www.econbiz.de/10015096936