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larger cities, but also to greater frictions through congestion and other negative effects of agglomeration. Using data on …
Persistent link: https://www.econbiz.de/10008764667
This paper investigates the urbanization of the Indian manufacturing sector by combining enterprise data from formal and informal sectors. We find that plants in the formal sector are moving away from urban and into rural locations, while the informal sector is moving from rural to urban...
Persistent link: https://www.econbiz.de/10011227923
This paper studies the sources of agglomeration economies in cities. We begin by introducing a simple dynamic spatial … large, though there can be exceptions. Thus, dynamic agglomeration appears to be driven by cross-industry effects. Once we … control for these cross-industry agglomeration effects, we find a strong negative relationship between city size and city …
Persistent link: https://www.econbiz.de/10011096572
The purpose of this paper is to study the correlation among growth and inflation at the OECD level, within the framework of the so-called convergence equations, and to discuss whether this correlation withstands a number of improvements in the empirical models, which try to address the most...
Persistent link: https://www.econbiz.de/10005774411
Many empirical studies have found a positive relationship between openness and growth in per capita GDP in less developed countries, and economists have produced many explanations for this correlation. However, the existing studies are consistent with all of these theories and thus do not...
Persistent link: https://www.econbiz.de/10005774429
This paper evaluates optimal public investment and fiscal policy for countries characterized by limited tax and debt capacities. We study a non stochastic CRS endogenous growth model where public expenditure is an input in the production process, in countries where distortions and limited...
Persistent link: https://www.econbiz.de/10005774856
This paper empirically examines India's economic growth experience during 1960-2004, focusing on the post 1973 acceleration. Careful attention is paid to data quality. The analysis focuses on two unusual dimensions of India's experience -- the concentration of growth in services production, and...
Persistent link: https://www.econbiz.de/10005774963
The paper reviews the growth performance of different groups of Asian economies, confirms the role of openness as a key factor explaining the growth differences among the Asian economies, and undertakes a preliminary investigation of the role of social capital and institutions. The role of...
Persistent link: https://www.econbiz.de/10005775067
This study focuses on the role of trade and trade policy in achieving sustained long-term growth in Africa. One major conclusion is that trade policy in Sub-Saharan Africa works much the same way that it does elsewhere. High levels of trade restrictions have been an important obstacle to exports...
Persistent link: https://www.econbiz.de/10005777367
We examine two sets of economies, (19th century U.S. states and 20th century less developed countries) where growth rates are positively correlated with initial levels of development to document how these dynamic increasing returns operate. We find that open economies do not display a positive...
Persistent link: https://www.econbiz.de/10005777636