Showing 1 - 10 of 14
Using the large nationally-representative Malaysian Household Income Surveys from 1984, 1989 and 1997, the paper studies earnings inequality and determinants of earnings. During the period 1984-97, Malaysia’s real per capita GDP increased by about 70 percent, participation rates for both men...
Persistent link: https://www.econbiz.de/10005556084
Using a new series of capital stock and frequency domain analysis, this paper provides new empirical evidence on the relative importance of capital and labor in the determination of output in the short and long- run. Contrary to the common practice in the traditional growth accounting literature...
Persistent link: https://www.econbiz.de/10005118712
distribution of land ownership, adversely affected the implementation of human capital promoting institutions (e.g., public …
Persistent link: https://www.econbiz.de/10005062436
are characterized by a fundamental inconsistency between formal and informal institutions. When formal and informal rules … the new institutional economics is on the consequences of institutions--the rules that structure and constrain economic …. Institutions therefore do affect economic performance, but it is not always obvious which institutional rules dominate. Where …
Persistent link: https://www.econbiz.de/10005062456
Agricultural productivity in 41 Sub-Saharan Africa (SSA) countries from 1960 to 1999 is examined by estimating a semi-nonparametric Fourier production frontier. Over the four decades the estimated rate of productivity change was 0.83% per year, although the average rate from 1985-99 was a strong...
Persistent link: https://www.econbiz.de/10005407719
We use a set of established growth models, which simultaneously include human capital and R&D, to show that the effect of mortality rate in human capital accumulation is quantitatively more important than the effect of perfectly guaranteed patents on research. First, we show that the effect of...
Persistent link: https://www.econbiz.de/10005407750
Washington Consensus doctrine. The new mantra from the Washington Consensus Mark 2 is “get the institutions right.” The danger is … that an elastic definition of the term “institutions” will render the current mantra intellectually vacuous. 3. While …
Persistent link: https://www.econbiz.de/10005556001
institutions. Village capital is efficient for localized economies; market capital allows trade between strangers and greater …
Persistent link: https://www.econbiz.de/10005118663
Institutions either promote or constrain economic performance, but which part of institutions does so, and why do … economies sharing similar institutions sometimes perform differently? This paper applies a novel model that is capable of … separating infrastructural and superstructural effects of institutions on aggregate and average income using a cross- section of …
Persistent link: https://www.econbiz.de/10005118789
Washington Consensus doctrine. The new mantra from the Washington Consensus Mark 2 is “get the institutions right.” The danger is … that an elastic definition of the term “institutions” will render the current mantra intellectually vacuous. 3. While …
Persistent link: https://www.econbiz.de/10005118852