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We re-examine the role of financial market development in the intersectoral allocation of resources. Specifically, we propose the use of a new methodology that looks at the co-movement in growth rates across pairs of countries to examine the role of financial development in allowing firms to...
Persistent link: https://www.econbiz.de/10012469127
Persistent link: https://www.econbiz.de/10010440353
This paper documents industrial output and labor productivity growth around the poor periphery 1870-1975 (Latin America, the European periphery, the Middle East, South Asia, Southeast Asia and East Asia). Intensive and extensive industrial growth accelerated there over this critical century. The...
Persistent link: https://www.econbiz.de/10013129186
of early British industrialization supports the thesis that economic advances depend on specialized scientific training … British industrialization, by assessing the backgrounds, education and inventive activity of the major contributors to …
Persistent link: https://www.econbiz.de/10013030073
This research explores the long-run effect of industrialization on the process of development. In contrast to … the French industrial revolution, the research establishes that regions in which industrialization was more intensive …. Nevertheless, intensive industrialization has had an adverse effect on income per capita, employment and equality by the turn of …
Persistent link: https://www.econbiz.de/10013016331
One of the most striking regularities of the growth process is the massive reallocation of labor from agriculture into industry and services. Balanced growth models are commonly used in macroeconomics because they are consistent with the well-known Kaldor facts about economic growth. These...
Persistent link: https://www.econbiz.de/10014069276
of early British industrialization supports the thesis that economic advances depend on specialized scientific training … British industrialization, by assessing the backgrounds, education and inventive activity of the major contributors to …
Persistent link: https://www.econbiz.de/10012457813
This paper documents industrial output and labor productivity growth around the poor periphery 1870-1975 (Latin America, the European periphery, the Middle East, South Asia, Southeast Asia and East Asia). Intensive and extensive industrial growth accelerated there over this critical century. The...
Persistent link: https://www.econbiz.de/10012461848
industrialization for four decades. Some manufacturing industries performed well, while some internal and external business environment …
Persistent link: https://www.econbiz.de/10012834383
industrialization of the region and how local economies are starting to diversify away from petroleum, exploring how this transformative …
Persistent link: https://www.econbiz.de/10012675149