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relationship to determine what production structure is simultaneously consistent with facts on growth and income inequality. Our …
Persistent link: https://www.econbiz.de/10005125654
development and trade theories (structural change, catching up, and factor price equalization). Second, decomposing China’s GDP …
Persistent link: https://www.econbiz.de/10005062447
development and trade theories (structural change, catching up, and factor price equalization). Second, decomposing China’s GDP …
Persistent link: https://www.econbiz.de/10005556063
Data on energy and mineral reserves suggest that natural resource abundance has not been a significant structural determinant of economic growth between 1970 and 1989. The story behind the effect of natural resources on economic growth is a complex one that typical growth regressions do not...
Persistent link: https://www.econbiz.de/10005118731
Property rights, whose security is often threatened by civil conflict, are a necessary condition for the establishment of a market economy. Yet a fundamental and unresolved empirical question is whether the lack of political and civil freedoms is one of the root causes of greater insecurity....
Persistent link: https://www.econbiz.de/10005126054
This paper looks at the history of money and its modern form from a scientific and mathematical point of view. The approach here is to emphasize simplicity. A straightforward model and algebraic formula for a large economy analogous to the ideal gas law of thermodynamics is proposed. It may be...
Persistent link: https://www.econbiz.de/10005126382
Productive consumption enables the satisfaction of current needs and, at the same time, increases the productive potential of labour. Theoretical as well as empirical evidence suggests that productive consumption is primarily relevant to low-income countries. From the perspective of growth...
Persistent link: https://www.econbiz.de/10005062407
Compared to many cross-country studies on the determinants of growth rate, time series approaches are relatively few and limited in scope. However, time series studies are useful for country-specific policies. But in many recent works ad hoc specifications have been used to analyze the...
Persistent link: https://www.econbiz.de/10005561111
sustainable development. Looming environmental crises have served as a prime motivating force for reevaluating fundamental … begun to reshape economics. The broadest conception of sustainability is found if we understand sustainable development to … mean Socially And Environmentally Just And Sustainable development - "SAEJAS development". Throughout the paper we will see …
Persistent link: https://www.econbiz.de/10005556099
-dimensional, it is conceptualised as a goal and as a process that accelerates growth, equity and human development potential. We … development outcomes such as life expectancy, literacy, infant mortality rate and per capita income (logarithms of), within the … better quality of governance leads to better development outcomes. …
Persistent link: https://www.econbiz.de/10005118765