Die Autoren gehen der Frage nach, ob Börsen in Entwicklungsländern die wirtschaftlichen Grundstrukturen der jeweiligen Staaten wiederspiegeln und damit eine wichtige Rolle in der Allokation von Kapital spielen oder ob sie eher nur spekulative Kapitalbewegungen reflektieren. Am Beispiel von...

This paper decomposes Botswana's growth from the late 1960s through 2010 into a within-sector and a between-sector (structural change) component. We find that during the 70s and 80s Botswana's rapid economic growth was characterized by significant structural change with the share of the labor...

This paper decomposes Botswana's growth from the late 1960s through 2010 into a within-sector and a between-sector (structural change) component. We find that during the 70s and 80s Botswana's rapid economic growth was characterized by significant structural change with the share of the labor...