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Growing like China
Song, Zheng Michael; Storesletten, Kjetil; Zilibotti, … - C.E.P.R. Discussion Papers - 2009
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
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The Political Economy of Ethnolinguistic Cleavages
Desmet, Klaus; Ortuño-Ortín, Ignacio; Wacziarg, Romain - C.E.P.R. Discussion Papers - 2009
This paper proposes a new method to measure ethnolinguistic diversity and offers new results linking such diversity with a range of political economy outcomes -- civil conflict, redistribution, economic growth and the provision of public goods. We use linguistic trees, describing the...
Persistent link: https://www.econbiz.de/10008566319
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On the Global Supply of Basic Research
Gersbach, Hans; Schneider, Maik - C.E.P.R. Discussion Papers - 2015
optimal investment level, which justifies policy coordination in this area. …
Persistent link: https://www.econbiz.de/10011145469
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The Limits of Career Concerns in Federalism: Evidence from China
Persson, Petra; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2015
Performance-based promotion schemes in administrative hierarchies have limitations. Chinese provincial leaders, despite facing strong career concerns, make different policy decisions depending on their career backgrounds. Provincial party secretaries who rose from low to high positions within...
Persistent link: https://www.econbiz.de/10011165652
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The Clan and the City: Sustaining Cooperation in China and Europe
Greif, Avner; Tabellini, Guido - C.E.P.R. Discussion Papers - 2012
Over the last millennium, the clan and the city have been the locus of cooperation in China and Europe respectively …
Persistent link: https://www.econbiz.de/10011084470
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Is Fixed Investment the Key to Economic Growth?
Blomström, Magnus; Lipsey, Robert E; Zejan, Mario - C.E.P.R. Discussion Papers - 1993
find no evidence that fixed investment is the only or main source of ignition for economic growth. …
Persistent link: https://www.econbiz.de/10005123986
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Natural Resources and Economic Growth: The Role of Investment
Gylfason, Thorvaldur; Zoega, Gylfi - C.E.P.R. Discussion Papers - 2001
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
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Has the U.S. Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation
Philippon, Thomas - C.E.P.R. Discussion Papers - 2014
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
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Post-war Growth: An Overview
Crafts, Nicholas; Toniolo, Gianni - C.E.P.R. Discussion Papers - 1995
-ante returns on investment. …
Persistent link: https://www.econbiz.de/10005661688
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Community-based Development and Poverty Alleviation: An Evaluation of China’s Poor Village Investment Program
Park, Albert; Wang, Sangui - C.E.P.R. Discussion Papers - 2010
We conduct the first systematic evaluation of the world’s largest community-based development program--China’s flagship …
Persistent link: https://www.econbiz.de/10008468658