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TFPG Controversies, Institutions, and Economic Performance in East Asia

Rodrik, Dani - C.E.P.R. Discussion Papers - 1997

when institutional quality is instrumented. Finally, the experience of Hong Kong, which has had a flat investment ratio … since the 1960s, is consistent with the idea that making the transition from a low-investment economy to a high-investment …

Persistent link: https://www.econbiz.de/10005124261

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

Slowdowns and Meltdowns: Post-war Growth Evidence from 74 Countries

Ben-David, Dan; Papell, David - C.E.P.R. Discussion Papers - 1995

Many countries, both industrialized and developing, appear to have experienced a slowdown in economic growth. We examine a large sample of countries and find that a majority exhibit a significant structural break in their post-war growth rates. In nearly all of these cases the break was followed...

Persistent link: https://www.econbiz.de/10005498062

The Great Wars, the Great Crash, and the Unit Root Hypothesis: Some New Evidence About An Old Stylized Fact

Ben-David, Dan; Papell, David - C.E.P.R. Discussion Papers - 1994

For decades, the prevailing sentiment among economists was that growth rates remain constant over the long run. Kaldor considered this to be one of the six important `stylized facts' that theory should address, and until the emergence of endogenous growth models, this was a fundamental feature...

Persistent link: https://www.econbiz.de/10005114489

Trade Strategy, Investment and Exports: Another Look at East Asia

Rodrik, Dani - C.E.P.R. Discussion Papers - 1995

in investment. This paper offers an argument and a formal model to suggest that exports in East Asia may have been driven … by an increase in the profitability of investment, with outward orientation a consequence of the investment boom rather … than its instigator. In economies like South Korea and Taiwan, an increase in investment required an increase in imports of …

Persistent link: https://www.econbiz.de/10005661548

King Kong Meets Godzilla: The World Bank and The East Asian Miracle

Rodrik, Dani - C.E.P.R. Discussion Papers - 1994

The World Bank's The East Asian Miracle: Economic Growth and Public Policy makes official what East Asian specialists had long known: most of the high-performing Asian economies have had extensive government intervention, and some of these interventions, in the areas of credit and exports, have...

Persistent link: https://www.econbiz.de/10005666652

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

The Spatial Development of India

Desmet, Klaus; Ghani, Ejaz; O'Connell, Stephen D; … - C.E.P.R. Discussion Papers - 2013

This paper studies the recent spatial development of India. Services, and to a lesser extent manufacturing, are increasingly concentrating in high-density clusters. This stands in contrast with the United States, where in the last decades services have tended to grow fastest in medium-density...

Persistent link: https://www.econbiz.de/10011084107

Mapping prices into productivity in multisector growth models

Ngai, Liwa Rachel; Samaniego, Roberto - C.E.P.R. Discussion Papers - 2009

find that about 60% of economic growth can be attributed to investment-specific technical change (ISTC). When we …

Persistent link: https://www.econbiz.de/10005025514

On 'Indirect' Trade-Related R&D Spillovers

Lumenga-Neso, Olivier; Olarreaga, Marcelo; Schiff, Maurice - C.E.P.R. Discussion Papers - 2001

An influential literature argues that trade promotes knowledge flows and technology transmission between trading partners. This literature focuses on ‘direct’ R&D spillovers which are related to the levels of R&D produced by the trading partners. In this paper we argue that ‘indirect’...

Persistent link: https://www.econbiz.de/10005136780

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