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Conflict is generally thought of as an obstruction to progress, but it need not be. There cannot be development if … constructive conflict is likely to be the development challenge at the start of the new millennium.  …
Persistent link: https://www.econbiz.de/10014755939
One of the most cherished propositions in economics is that market competition by and large raises consumer welfare. But whether political competition has similarly virtuous consequences is far less discussed. This paper formulates a model to explain why political competition may enhance...
Persistent link: https://www.econbiz.de/10005792440
We use US county-level data to estimate convergence rates for 22 individual states. We find significant heterogeneity. E.g., the California estimate is 19.9% and the New York estimate is 3.3%. Convergence rates are essentially uncorrelated with income levels.
Persistent link: https://www.econbiz.de/10010678840
One of the most cherished propositions in economics is that market competition by and large raises consumer welfare. But whether political competition has similarly virtuous consequences is far less discussed. This paper formulates a model to explain why political competition may enhance...
Persistent link: https://www.econbiz.de/10005723032
, governance and upgrading, and highlights three key recent developments in GVCs: concentration, regionalization and synergistic … regionalization of value chains can benefit RP firms by presenting alternative markets for upgrading. Yet, without further upgrading … impacts on economic and social development in developing countries.  …
Persistent link: https://www.econbiz.de/10014701903
This paper argues that more rigorous evaluations of local economic development policies are feasible. Programs that aid …
Persistent link: https://www.econbiz.de/10005101992
Persistent link: https://www.econbiz.de/10013262753
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
1950s. Finally, we turn to the determinants of a broad array of development indicators for the year 1960 and for the 1960 …
Persistent link: https://www.econbiz.de/10009321839
We study the evolution of racial educational inequality across US states from 1940 to 2000. We show that throughout this period, despite evidence of convergence, the racial gap in attainment between blacks and whites has been persistently determined by the initial gap. We obtain these results...
Persistent link: https://www.econbiz.de/10009399722