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This chapter reviews the literature that tries to explain the disparity and variation of GDP per worker and GDP per capita across countries and across time. There are many potential explanations for the different patterns of development across countries, including differences in luck, raw...
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We construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...
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In this paper, we provide aggregate trends in China's trade performance from the 1840s to the present. Based on historical benchmarks, we argue that China's recent gains are not exclusively due to the reforms since 1978. Rather, foreign economic activity can be understood by developments that...
Persistent link: https://www.econbiz.de/10009397145
We use a panel of 29 Chinese provinces for the period 2003–2011 to estimate the drivers of energy intensity by means of a spatial Durbin error model. We find an inverted U-shaped relationship between energy intensity and income (energy intensity Kuznets curve). Ten provinces, notably the...
Persistent link: https://www.econbiz.de/10011118159
This study investigates the empirical relationship between the level of urbanization and size of the informal economy using cross-country datasets proxying GDP and employment shares of urban informal sector. Our estimation results indicate that there is an inverted-U relationship between...
Persistent link: https://www.econbiz.de/10010719335