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investment is required to achieve national targets, if we allocate resources optimally?". The report describes epidemiological …
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"The current account can be understood as the outcome of investment decisions made by domestic and foreign investors … is driven by changes in investment opportunities. Using data for the United States and Japan, the authors find evidence … supporting innovations in investment opportunities as an important mechanism to explain international capital flows. "--World …
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upgrading. The overall evidence points to the benefits of trade openness for product innovation but demonstrates at the same …
Persistent link: https://www.econbiz.de/10011394188
"Theories of poverty traps stand in sharp contrast to the view that anybody can make it through hard work and thrift. However, empirical detection of poverty traps is complicated by the lack of long panels, measurement error, and attrition. This paper shows how dynamic pseudo-panel methods can...
Persistent link: https://www.econbiz.de/10010522436
"Minimum wages are generally thought to be unenforceable in developing rural economies. But there is one solution - a workfare scheme in which the government acts as the employer of last resort. Is this a cost-effective policy against poverty? Using a microeconometric model of the casual labor...
Persistent link: https://www.econbiz.de/10010522560
"The authors examine the empirical evidence in support of the poverty trap view of underdevelopment. They calibrate simple aggregate growth models in which poverty traps can arise due to either low saving or low technology at low levels of development. They then use these models to assess the...
Persistent link: https://www.econbiz.de/10010522569
"Bourguignon, Goh, and Kim present an original method to study individual earning dynamics using repeated cross-sectional data. Because panel data of individuals are seldom available in developing countries, it is difficult to study individual earning dynamics and related issues such as the...
Persistent link: https://www.econbiz.de/10010522959
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