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We introduce two separate datasets - the Global Consumption Dataset and the Global Income Dataset - containing an unprecedented portrait of consumption and income of persons over time, within and across countries, around the world. The benchmark version of the dataset presents estimates in...
Persistent link: https://www.econbiz.de/10010462536
Most Organization for Economic Co-operation and Development countries have accepted, in principle at least, the 50-year-old commitment of contributing 0.7 per cent of gross national income to supporting the development of countries in the Global South. But what if all countries made a universal...
Persistent link: https://www.econbiz.de/10012161304
Internationalized production, that is, production in a country controlled by firms based in another country, grew from about 4.5% of world output in 1970 to over 7% in 1995. The importance of internationalized output fell substantially in developing countries until around 1990 but has been been...
Persistent link: https://www.econbiz.de/10013220938
constraints are less pressing. This is not only because of additional resources produced by economic growth, but also because …
Persistent link: https://www.econbiz.de/10009752790
evidence on financial development and economic growth and concludes that financial development is indeed a key element in … promoting economic growth. It then asks why if financial development is so beneficial, it often doesn't occur. It then goes on …
Persistent link: https://www.econbiz.de/10012761881
, manufacturing and trade, is striking. But development, driven by rapid economic growth, has been most uneven. It is concentrated in … is clear that inclusive societies alone can sustain rapid growth and transform it into development that improves the …
Persistent link: https://www.econbiz.de/10011574134
growth reducing in both Africa and Latin America, with the most striking changes taking place in Latin America. The bulk of … to which) structural change contributes to overall productivity growth. In countries with a relatively large share of … natural resources in exports, structural change has typically been growth reducing. Even though these "enclave" sectors …
Persistent link: https://www.econbiz.de/10013123689
growth and volatility in developing countries. The results suggest that it is difficult to establish a robust causal … relationship between financial integration and economic growth. Furthermore, there is little evidence that developing countries … have been consistently successful in using financial integration to stabilize fluctuations in consumption growth. However …
Persistent link: https://www.econbiz.de/10013106022
late nineteenth century global trade boom. Rather, the most powerful forces driving the boom were those of income growth …
Persistent link: https://www.econbiz.de/10012759104
How unequal is the world today? Is global income inequality falling, as many economists claim, or is it rising, as one often hears? This paper reviews the arguments and evidence. A number of concerns about the underlying data are identified, with biases going in both directions. Conceptual...
Persistent link: https://www.econbiz.de/10011938091