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South Africa has undergone a remarkable transformation since its democratic transition in 1994, but economic growth and … the early 1990s. The weakness in particular of export-oriented manufacturing has deprived South Africa from growth …
Persistent link: https://www.econbiz.de/10005136456
This paper contributes to the growing literature on the links between political regimes and economic development by studying the effects of years in office on economic development. The hypothesis is that dictators who stay in office for a long time period will become increasingly corrupt, and...
Persistent link: https://www.econbiz.de/10011084113
Africa’s recent growth performance has raised expectations of a bright economic future for the continent after decades … of decline. Yet there is a genuine question about whether Africa’s growth can be sustained, and if so, at what level. The …
Persistent link: https://www.econbiz.de/10011084672
A quantitative investigation of financial intermediation in the U.S. over the past 130 years yields the following results : (i) the finance industry’s share of GDP is high in the 1920s, low in the 1950s and 1960s, and high again in the 1990s and 2000s; (ii) most of these variations can be...
Persistent link: https://www.econbiz.de/10011083657
This paper constructs a growth model that is consistent with salient features of the Chinese growth experience since 1992: high output growth, sustained returns on capital investments, extensive reallocation within the manufacturing sector, falling labor share and accumulation of a large foreign...
Persistent link: https://www.econbiz.de/10005123794
find no evidence that fixed investment is the only or main source of ignition for economic growth. …
Persistent link: https://www.econbiz.de/10005123986
and investment. When the share of output that accrues to the owners of natural resources rises, the demand for capital … allocation of capital may, however, enhance the quantity as well as the quality of new investment and sustain growth. Empirical … thereby inhibiting economic growth. The results also suggest that abundant natural resources may hurt saving and investment …
Persistent link: https://www.econbiz.de/10005504629
-ante returns on investment. …
Persistent link: https://www.econbiz.de/10005661688
Drought is Africa’s primary natural disaster and a pervasive source of income risk for poor households. This paper …
Persistent link: https://www.econbiz.de/10011083817
There have been important studies of overall income inequality and of poverty in South Africa. In this paper, we … Africa as a highly unequal country. …
Persistent link: https://www.econbiz.de/10008784719