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Much more than comparative advantage and free markets have been at play in shaping China's export success. Government policies have helped nurture domestic capabilities in consumer electronics and other advanced areas that would most likely not have developed in their absence. As a result, China...
Persistent link: https://www.econbiz.de/10005114180
We explore the relationships between subjective well-being and income, as seen across individuals within a given country, between countries in a given year, and as a country grows through time. We show that richer individuals in a given country are more satisfied with their lives than are poorer...
Persistent link: https://www.econbiz.de/10008684672
We estimate the respective contributions of institutions, geography, and trade in determining income levels around the world, using recently developed instruments for institutions and trade. Our results indicate that the quality of institutions 'trumps' everything else. Once institutions are...
Persistent link: https://www.econbiz.de/10005667122
India's child stunting rate is among the highest in the world, exceeding that of many poorer African countries. In this paper, we analyze data for over 174,000 Indian and Sub-Saharan African children to show that Indian firstborns are taller than African firstborns; the Indian height...
Persistent link: https://www.econbiz.de/10011207396
contrast we aim to identify the impact on whole economies (economic growth, and financial sector development and reductions in …
Persistent link: https://www.econbiz.de/10011201355
the sustainability of the current global imbalances. …
Persistent link: https://www.econbiz.de/10005791200
forward a notion of current account sustainability and compares the experience of three Latin American countries – Chile … sustainability indicators and discusses their usefulness in predicting external crises. …
Persistent link: https://www.econbiz.de/10005791270
This paper examines the consequences for the sustainability of fiscal policy of imposing restrictive ceilings on …
Persistent link: https://www.econbiz.de/10005791703
over. The model determines when it is optimal for the government in power to signal the sustainability (full repayment) or … the non-sustainability (partial repayment) of the debt regime. The timing depends on the initial reputation of the …
Persistent link: https://www.econbiz.de/10005114285
The paper investigates the sustainability of cooperative rules for the conduct of macroeconomic policy in a two …
Persistent link: https://www.econbiz.de/10005281334