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-income economies. In particular, since the beginning of the growth slowdown of the economy of the People's Republic of China (PRC) in …
Persistent link: https://www.econbiz.de/10011661331
dataset. More than the catching-up effect, we will measure the convergence for three emerging countries: Brazil/China … past 10 years. A first contribution is that as the distance between the level of labor productivity in Brazil (China, India …
Persistent link: https://www.econbiz.de/10013076053
China is or will also be confronted with such a trap. This paper analyzes the Chinese MIT situation taking into account both … survey the recent literature, but also make our own MIT forecasts and analyze under which conditions China could be caught in …
Persistent link: https://www.econbiz.de/10012984402
Views of the future China vary widely. While some believe that the collapse of China is inevitable, others see the … prospects of China over the next two decades. Extrapolating past real GDP growth rates into the future, the size of the Chinese … equalization). They can also be supported by an explanation of China's past GDP growth through growth of various labor variables …
Persistent link: https://www.econbiz.de/10014063864
This paper offers a concise survey on the literature of growth empirics applying to DCs. It is argued that there is a number of important stylised facts of economic growth relevant to DCs which are not included in the corresponding lists of Kaldor and Romer. In contrary to the usual procedure,...
Persistent link: https://www.econbiz.de/10010485436
This research explores the effects of culture on technological diffusion and economic development. It shows that culture's direct effects on development and barrier effects to technological diffusion are, in general, observationally equivalent. In particular, using a large set of measures of...
Persistent link: https://www.econbiz.de/10011528503
This study is an attempt to test the hypothesis “international trade contributes to economic growth through its effects on human capital accumulation.” To assess the hypothesis empirically, we employed the extended Neo-Classical growth model that reflects some features of the endogenous...
Persistent link: https://www.econbiz.de/10011560795
Economic analysts have used trends in total factor productivity (TFP) to evaluate the effectiveness with which economies are utilizing advances in technology. However, this measure is problematic on several different dimensions. First, the idea that it is possible to separate out the relative...
Persistent link: https://www.econbiz.de/10012795772
The impact of foreign direct investment on the host country’s economic growth has been a source of debate in past theoretical and empirical investigations. The PMG/ARDL model, which has a practical advantage in examining the effect of foreign direct investment in the short and long run, has...
Persistent link: https://www.econbiz.de/10013461737
The article refers to the new Synthetic Efficiency Indicator for Economic Growth (SEI-EG) proposed in an earlier publication. Research from 2016-2018 in 11 EU countries revealed small nations were notably more effective at sustainable growth than their larger counterparts. This prompted the...
Persistent link: https://www.econbiz.de/10014444688