Showing 1 - 10 of 35
This essay commemorates the work of Mohammed Nureldin Hussain who was Chief Research Economist in the African Development Bank, and Editor of the African Development Review from 2003 to his untimely death in 2005. It focuses on five aspects of his work: his emphasis on the role of the structure...
Persistent link: https://www.econbiz.de/10009455685
The broad purpose of trade liberalisation is to raise the rate of growth of countries on a sustainable basis, consistent with the achievement of other macroeconomic objectives. In this article we consider whether trade liberalisation in 17 countries of Latin America has improved the trade-off...
Persistent link: https://www.econbiz.de/10009455686
One of the strong factors reflecting Africa's economic backwardness is the low level of industrial development. Not only does the industrialization process appear to have bypassed the continent, there is evidence of de-industrialization in the case of several countries. This paper seeks to...
Persistent link: https://www.econbiz.de/10009455764
The purpose of this paper is to explain differences in the productivity of capital across countries taking 84 rich and poor countries over the period 1980-2011, and to test the orthodox neoclassical assumption of diminishing returns to capital. The marginal product of capital is measured as the...
Persistent link: https://www.econbiz.de/10011082436
Kaldor's 1970 paper 'The Case for Regional Policies' was republished in the sixtieth anniversary volume of the Scottish Journal of Political Economy. This paper reflects on the model after more than forty years, and argues that even though it has been criticised for its deterministic nature, it...
Persistent link: https://www.econbiz.de/10010903477
The broad purpose of trade liberalisation is to raise the rate of growth of countries on a sustainable basis, consistent with the achievement of other macroeconomic objectives. In this paper we consider whether trade liberalisation in seventeen countries of Latin America has improved the...
Persistent link: https://www.econbiz.de/10010903481
Kaldor’s first law of growth posits a positive causal relation between the growth of manufacturing output and the growth of GDP due to static and dynamic returns to scale in manufacturing and rising productivity outside the manufacturing sector as resources are transferred from diminishing...
Persistent link: https://www.econbiz.de/10010903482
Persistent link: https://www.econbiz.de/10010885921
Thispaper applies the balance of payments constrained growth model to seventeen countries of Latin America over the period 1977-2002. The crucial parameter to estimate is the income elasticity of demand for imports which is done for Latin America as a whole, as well as for individual countries....
Persistent link: https://www.econbiz.de/10010859429
The paper looks at the latest evidence of what has been happening to regional disparities in per capita income (measured as Gross State Domestic Product per capita) in India over the first decade of the twenty first century (1999/00 to 2010/11) by estimating cross section equations for...
Persistent link: https://www.econbiz.de/10010859430