Showing 1 - 10 of 156
"The authors develop an endogenous growth model that combines structural change with repeated product improvement. That is, the technologies in one sector of the model become not only increasingly capital-intensive, but also progressively productive over time. Application of the basic model to...
Persistent link: https://www.econbiz.de/10011394199
Active economic policies by developing countries’ governments to promote growth and industrialization have generally been viewed with suspicion by economists, and for good reasons: past experiences show that such policies have too often failed to achieve their stated objectives. But the...
Persistent link: https://www.econbiz.de/10011394607
This paper studies the growth effects of externalities associated with intergenerational health transmission, health persistence, and women's occupational constraints- with particular emphasis on the role of access to infrastructure. The first part provides a review of the evidence on these...
Persistent link: https://www.econbiz.de/10011394786
Modern economic development is accompanied by the structural transformation from an agrarian to an industrial economy and occurs through a process of continuous industrial and technological upgrading. Since the 18th century, all countries that industrialized successfully in Europe, North America...
Persistent link: https://www.econbiz.de/10011395287
In the 1990s the mainstream consensus was that trade causes growth. Subsequent research shed doubt on the consensus view, as evidence suggested that the identification of the effect of trade on growth was problematic in the existing literature. This paper contributes to this debate by focusing...
Persistent link: https://www.econbiz.de/10011395294
This paper provides an historical overview of both the evolution of the economic performance of the developing world and the evolution of economic thought on development policy. The 20th century was broadly characterized by divergence between high-income countries and the developing world, with...
Persistent link: https://www.econbiz.de/10011395326
This paper discusses the causes of the middle-income trap in Latin America and the Caribbean, identifies the challenges and opportunities for Latin America that come from China's rise, and draws lessons from New Structural Economics and the Growth Identification and Facilitation Framework to...
Persistent link: https://www.econbiz.de/10011395450
This paper studies the existence of middle-income growth traps in a two-period overlapping generations model of economic growth with two types of labor and endogenous occupational choices. It also distinguishes between "basic" and "advanced" infrastructure, with the latter promoting design...
Persistent link: https://www.econbiz.de/10011395495
This paper studies the long-run impact of policies aimed at fostering gender equality on economic growth in Brazil. The first part provides a brief review of gender issues in the country. The second part presents a gender-based, three-period OLG model that accounts for women's time allocation...
Persistent link: https://www.econbiz.de/10011395633
This paper studies interactions between access to finance, product innovation, and labor supply in a two-period overlapping generations model with an endogenous skill distribution and credit market frictions. In the model lack of access to finance (induced by high monitoring costs) has an...
Persistent link: https://www.econbiz.de/10011396051