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This paper decomposes the large regression residuals of income across 84 U.S. Native American economies (USNAEs) into Solow and Solow-like parts. Decomposition is accomplished algebraically. The calculations find a weak to negative correlation between income and Solow residuals, and a strong...
Persistent link: https://www.econbiz.de/10005550985
Data on physical capital are an indispensable part of economic growth and efficiency studies. In the case of China, fixed asset time series are usually derived either by aggregating gross fixed capital formation data over time, net of depreciation, or by correcting the limited official fixed...
Persistent link: https://www.econbiz.de/10005556078
We examine the contribution of incremental and radical innovations to total factor productivity (TFP) growth at the firm level. The first part of our analysis is dedicated to the determinants of innovation and reveals two different innovation regimes. On the one hand, radical innovations rely...
Persistent link: https://www.econbiz.de/10005407643
This paper decomposes the large regression residuals of income across 84 U.S. Native American economies (USNAEs) into Solow and Solow-like parts. Decomposition is accomplished algebraically. The calculations find a weak to negative correlation between income and Solow residuals, and a strong...
Persistent link: https://www.econbiz.de/10005118791
production for domestic and foreign markets differently, i.e, use the advantage of an undervalued currency. The estimation was …
Persistent link: https://www.econbiz.de/10005118676
Views of the future China vary widely. While some believe that the collapse of China is inevitable, others see the emergence of a new superpower that increasingly poses a threat to the U.S. This paper examines the economic growth prospects of China over the next two decades. Extrapolating past...
Persistent link: https://www.econbiz.de/10005556063
Views of the future China vary widely. While some believe that the collapse of China is inevitable, others see the emergence of a new superpower that increasingly poses a threat to the U.S. This paper examines the economic growth prospects of China over the next two decades. Extrapolating past...
Persistent link: https://www.econbiz.de/10005062447
This paper proposes a “before-and-after” approach to empirical examination of the relationship between democracy and … evidence indicates that an improvement in growth performance typically follows the transformation to democracy. Moreover …, growth under democracy appears to be more stable than under authoritarian regimes. Interestingly, wealthy countries often …
Persistent link: https://www.econbiz.de/10005556035
It is sometimes argued that political competition yields benefits to the citizens just as competition in economic markets yields benefits to consumers. We consider the economic costs and benefits of political competition and find that the story is somewhat more complicated. We first review the...
Persistent link: https://www.econbiz.de/10005556020
Is democracy exportable? A present-day political doctrine seems to recommend exporting democracy to those countries … present a model that allows us to study the dynamics induced by the exogenous imposition of democracy, when the society is … agents have heterogeneous preferences about democracy, distinguishing between fundamentalist-antidemocratic agents and …
Persistent link: https://www.econbiz.de/10005062445