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Cape Verde and Mozambique as Development Successes in West and Southern Africa

Braga de Macedo, Jorge A.; Pereira, Luis Brites - National Bureau of Economic Research (NBER) - 2010

This paper applies an interpretation of how globalization and governance (G&G) interact with convergence given Cape … diversification (an indicator of globalization) and income convergence (an indicator of governance) in the sub-regions of West and … that trade openness drives convergence and export diversification in Western Africa (which is becoming more diversified …

Persistent link: https://www.econbiz.de/10008727868

Takeoffs

Aizenman, Joshua; Spiegel, Mark M - National Bureau of Economic Research (NBER) - 2007

This paper identifies factors associated with takeoff -- a sustained period of high growth following a period of stagnation. We examine a panel of 241 "stagnation episodes" from 146 countries, 54 % of these episodes are followed by takeoffs. Countries that experience takeoffs average 2.3% annual...

Persistent link: https://www.econbiz.de/10005778403

The Determinants of Food Aid Provisions to Africa and the Developing World

Nunn, Nathan; Qian, Nancy - National Bureau of Economic Research (NBER) - 2010

We examine the supply-side and demand-side determinants of global bilateral food aid shipments between 1971 and 2008. First, we find that domestic food production in developing countries is negatively correlated with subsequent food aid receipts, suggesting that food aid receipt is partly driven...

Persistent link: https://www.econbiz.de/10008764656

Entrepreneurship and Financial Frictions: A Macro-Development Perspective

Kaboski, Joseph P.; Buera, Francisco J.; Shin, Yongseok - National Bureau of Economic Research (NBER) - 2015

We review both the theoretical and empirical literature on entrepreneurship and financial frictions, with an emphasis on the heterogeneous and dynamic micro-level implications of financial frictions for macro development.

Persistent link: https://www.econbiz.de/10011262921

Trying to Understand the PPPs in ICP2011: Why are the Results so Different?

Deaton, Angus; Aten, Bettina - National Bureau of Economic Research (NBER) - 2014

Purchasing power parity exchange rates, or PPPs, are price indexes that summarize prices in each country relative to a numeraire country, typically the United States. These numbers are used to compare living standards across countries, by academics in studies of economic growth, particularly...

Persistent link: https://www.econbiz.de/10011268048

Intergenerational Transfer, Human Capital and Long-term Growth in China under the One Child Policy

Whalley, John; Zhu, Xi; Zhao, Xiliang - National Bureau of Economic Research (NBER) - 2013

We argue that the demographic changes caused by the one child policy (OCP) may not harm China's long-term growth. This attributes to the higher human capital induced by the intergenerational transfer arrangement under China's poor-functioning formal social security system. Parents raise their...

Persistent link: https://www.econbiz.de/10011119795

Distinguishing Constraints on Financial Inclusion and Their Impact on GDP and Inequality

Townsend, Robert M.; Dabla-Norris, Era; Ji, Yan; Unsal, … - National Bureau of Economic Research (NBER) - 2015

We develop a micro-founded general equilibrium model with heterogeneous agents to identify pertinent constraints to financial inclusion. We evaluate quantitatively the policy impacts of relaxing each of these constraints separately, and in combination, on GDP and inequality. We focus on three...

Persistent link: https://www.econbiz.de/10011119809

Why Doesn't Technology Flow from Rich to Poor Countries?

Cole, Harold; Greenwood, Jeremy; Sanchez, Juan M. - National Bureau of Economic Research (NBER) - 2015

What determines the technology that a country adopts? While many factors affect technological adoption, the efficiency of the country's financial system may also play a significant role. To address this question, a dynamic contract model is embedded into a general equilibrium setting with...

Persistent link: https://www.econbiz.de/10011123623

Toward an Understanding of Economic Growth in Africa: A Re-Interpretation of the Lewis Model

McMillan, Margaret Mcmillan; Diao, Xinshen - National Bureau of Economic Research (NBER) - 2015

Africa’s recent economic growth is at a historical high. The patterns associated with this growth appear to be quite different from the Asian experiences where rapid growth was fueled by labor intensive, export-oriented manufacturing. Because this pattern differs with our typical view of...

Persistent link: https://www.econbiz.de/10011201884

Are Chinese Growth and Inflation Too Smooth? Evidence from Engel Curves

Nakamura, Emi; Steinsson, Jon; Liu, Miao - National Bureau of Economic Research (NBER) - 2014

China has experienced remarkably stable growth and inflation in recent years according to official statistics. We construct alternative estimates using detailed information on Chinese household-purchasing patterns. As households become richer, a smaller fraction of total expenditures are spent...

Persistent link: https://www.econbiz.de/10011203049