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Early states like China, India, Italy and Greece have been experiencing more rapid economic growth in recent decades than have later-comers to agriculture and statehood like New Guinea, the Congo, and Uruguay. We show that more rapid growth by early starters has been the norm in economic...
Persistent link: https://www.econbiz.de/10005118750
knowledge for innovation output in Singapore, a small, highly open economy that has traditionally been significantly dependent … Singaporean firms depends disproportionately on technological knowledge produced by MNCs with operational presence in Singapore … universities constitute an insignificant, albeit rapidly growing, source for innovation in Singapore. …
Persistent link: https://www.econbiz.de/10005124862
decomposition of aggregate productivity growth in Singapore over the period 1965-2002. The static shift-share analysis is utilized …
Persistent link: https://www.econbiz.de/10005062744
This study re-examines the validity of relationship between Singapore Dollar-US Dollar exchange rate and the relative … Smooth Transition Autoregressive (ESTAR)- type non-linear mean-reverting adjustment process of the nominal Singapore dollar … Singapore Dollar-US Dollar exchange rate and consumer price index ratio, this study shows that the relationship is in fact non …
Persistent link: https://www.econbiz.de/10005408165
This study re-examines the validity of relationship between Singapore Dollar-US Dollar exchange rate and the relative … Smooth Transition Autoregressive (ESTAR)- type non-linear mean-reverting adjustment process of the nominal Singapore dollar … Singapore Dollar-US Dollar exchange rate and consumer price index ratio, this study shows that the relationship is in fact non …
Persistent link: https://www.econbiz.de/10005119476
This paper argues that a significant part of measured TFP differences across countries is attributable not to technological factors that affect the entire economy neutrally, but rather, to variations in the structural composition of economies. In particular, the allocation of scarce inputs...
Persistent link: https://www.econbiz.de/10005126217
A reduction of trade barriers will influence the overall scale of agricultural activities, the structure of agricultural production in different countries, the mix of inputs and outputs, the production technology, and the regulatory framework. These adjustments, in turn, will impact on the...
Persistent link: https://www.econbiz.de/10005062612
The interest rate and the rate of economic growth are often regarded as roughly constant as economies grow. Moreover, the agricultural sector and rural population typically shrink. We show that an otherwise standard growth model that includes a backward and an advanced sector can account for...
Persistent link: https://www.econbiz.de/10005062745
We consider processes with second order long range dependence resulting from heavy tailed durations. We refer to this phenomenon as duration- driven long range dependence (DDLRD), as opposed to the more widely studied linear long range dependence based on fractional differencing of an $iid$...
Persistent link: https://www.econbiz.de/10005407934
The aim of this paper is to provide evidence about the existence or non- existence of structural breaks in exchange rates of European transition economies. We used the testing procedure of Vogelsang (1997) that allows for detecting a break at an unknown date in the trend function of a dynamic...
Persistent link: https://www.econbiz.de/10005556048