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This paper calculates Theil’s entropy index to measure the extent of productivity differences across 92 countries for … the period from 1970 to 2003. While there is evidence of increasing differences in productivity across these countries, we …. The results of our multivariate time series analysis also suggest that FDI increases productivity differences among low …
Persistent link: https://www.econbiz.de/10014153895
In this paper, we investigate how de facto financial globalization has influenced the labor share in developing countries. Our main argument is the need to distinguish between different types of capital in this context, as different forms of foreign investment have different fixed costs and...
Persistent link: https://www.econbiz.de/10011581740
Persistent link: https://www.econbiz.de/10012964373
This paper examines the relationship between total factor productivity, trade openness, and foreign direct investment … productivity negatively impacts growth due to the improper allocation of resources across sectors. Our paper contributes policy …
Persistent link: https://www.econbiz.de/10014441067
This study is a review of the recent trends in development economics research. The focus is on the development in the recent decades as a result of increased globalization of knowledge, technologies and economies. In particular I look at the development in a number area where similar trends are...
Persistent link: https://www.econbiz.de/10012773083
factor productivity (TFP) growth. We find that a one standard deviation increase in capital account liberalization is … significantly associated with 0.16 to 0.17 standard deviations increase of the firms' total factor productivity growth rates. The … productivity-enhancing effects are stronger for sectors with higher external financial dependence and capital-skill complementarity …
Persistent link: https://www.econbiz.de/10012832124
: 1) globalization is a process of continuing integration of the countries of the world that is beneficial, inevitable and … irreversible. No any country can afford to remain isolated from the world economy. 2) some of small countries might have higher …
Persistent link: https://www.econbiz.de/10010296788
: 1) globalization is a process of continuing integration of the countries of the world that is beneficial, inevitable and … irreversible. No any country can afford to remain isolated from the world economy. 2) some of small countries might have higher …
Persistent link: https://www.econbiz.de/10009226145
Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic mechanism of per capita income convergence among countries....
Persistent link: https://www.econbiz.de/10010251655
Recent evidence from developing and emerging economies shows a negative correlation between growth and net capital inflows, a contradiction to neoclassical growth theory. I provide updated and disaggregated evidence on the origins of this puzzle. An analysis of the components of capital flows...
Persistent link: https://www.econbiz.de/10011295656