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Differences in key features of the development process across rich and poor countries can provide clues to the sources of the large variation of cross-country income. Kuznets included structural transformation as one of six stylized facts of economic development, nding that developed countries...
Persistent link: https://www.econbiz.de/10010301726
The global crisis of 2007-09 affected developing Asia largely through a decline in exports to the developed countries … employment front). This recovery was led by China's impressive performance, aided by a large stimulus package and easy credit …. But China needs to make efforts toward rebalancing its economy. Although private consumption has increased at a fast pace …
Persistent link: https://www.econbiz.de/10010286541
expenditures in Asia. Neither do the results suggest that the nexus between globalisation and social expenditures varied across …
Persistent link: https://www.econbiz.de/10011956675
expenditures in Asia. Neither do the results suggest that the nexus between globalisation and social expenditures varied across …
Persistent link: https://www.econbiz.de/10011932080
This paper provides a new data set of regional income inequalities within countries based on satellite nighttime light data. We first empirically study the relationship between luminosity data and regional incomes for those countries where regional income data are available. We subsequently use...
Persistent link: https://www.econbiz.de/10010531799
What is the long run impact on development from differences in subsistence strategies during pre-industrial times? Whereas this question has been explored from the point of view of agriculture, remarkably little attention has been paid to the complementary strategy of relying on marine...
Persistent link: https://www.econbiz.de/10011388201
What is the long run impact on development from differences in subsistence strategies during pre-industrial times? Whereas this question has been explored from the point of view of agriculture, remarkably little attention has been paid to the complementary strategy of relying on marine...
Persistent link: https://www.econbiz.de/10011439350
The so-called 'deep determinants' of economic growth and development (namely, geography, institutions, and integration) have been found to be decisive for the break out of stagnation and for explaining cross-country income differences by many empirical studies. However, so far, very little has...
Persistent link: https://www.econbiz.de/10012196400
After the Great Depression and throughout the rest of the twentieth century, Latin American countries basically approached economic development following two successive and quite opposed strategies. The first one was import substitution industrialization. The second was the so-called Washington...
Persistent link: https://www.econbiz.de/10010284853
Can limited government be a driving force of economic development? This idea goes back to Montesquieu, and is closely related to recent research in institutional economics. Measuring limited government with the Henisz political constraints index, and economic development with income per capita,...
Persistent link: https://www.econbiz.de/10010289466