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This paper argues for a transformation of finance to support the economic and social transformation of the Middle East and North Africa. The paper first documents the existing financial system in the region. The system is heavily skewed toward banking, relative to non-banking services, such as...
Persistent link: https://www.econbiz.de/10012257125
This paper takes a fresh look at growth convergence in India, combining insights from macroeconomics and urban … paper finds absolute convergence in living standards across districts and places below the district level, with locations in … the gray area between rural and urban growing fastest. In assessing conditional convergence, it finds that geography is a …
Persistent link: https://www.econbiz.de/10012002519
This paper reviews the determinants of Latin America's uneven growth based on an accounting decomposition that breaks down countries' growth (relative to the world) into three trade-related channels: (i) an export pull measuring the traction exerted by the country's exports, (ii) an external...
Persistent link: https://www.econbiz.de/10012051845
This paper exploits a novel municipal-level data set to explore patterns of convergence in income and poverty in Mexico … evidence of income and poverty convergence at the municipal level. The findings suggest that these convergence processes stem …
Persistent link: https://www.econbiz.de/10012121224
percent. Average productivity growth in EMDEs has picked up rapidly since 2000, renewing interest in the convergence … rate of convergence remains low, with current growth differentials halving the productivity gap only after over 100 years …. Behind the low average pace of convergence lies considerable diversity among groups of countries converging toward different …
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