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considerably among them selves as well as with regard to the rest of the world, in terms of resources endowment, structure of …
Persistent link: https://www.econbiz.de/10005556730
Empirical research based on panel data has to pay special attention to measurement errors. Utility maximization often …
Persistent link: https://www.econbiz.de/10005119368
Using panel regression for the period 1970-2000 the paper analyzes whether globalization has influenced the OECD … endogeneity of the regressors, the results show that globalization (measured by an index covering 23 variables) did not generally … decrease the leeway for independent economic policy. Globalization even increased implicit tax rates on capital (as calculated …
Persistent link: https://www.econbiz.de/10005076616
This research develops an evolutionary growth theory that captures the intricate time path of life expectancy in the process of development, shedding new light on the origin of the remarkable rise in life expectancy since the Agricultural Revolution. The theory argues that social, economic and...
Persistent link: https://www.econbiz.de/10005125645
Individual Development Accounts (IDAs) are subsidized savings accounts. Unlike other subsidized savings accounts such as Individual Retirement Accounts (IRAs) or 401(k) plans, IDAs are targeted to the poor, provide subsidies through matches rather than through tax breaks, and require...
Persistent link: https://www.econbiz.de/10005134602
Microfinance—both credit and savings—has potential to improve the well- being of poor women in developing countries. This paper explores practical ways to achieve that potential. Based on lessons from informal saving mechanisms that women already use, the paper proposes two savings services...
Persistent link: https://www.econbiz.de/10005062414
, compared to the Third World, the structure of the U.S. economy makes the hurdles to starting small-businesses much higher in … business training a far more important component in the United States than in the Third World. They also limit potential demand … Third World programs, but those programs are increasingly recognizing the importance of also developing facilities for safe …
Persistent link: https://www.econbiz.de/10005407699
During the 1990's, Mexico successfully implemented a program of economic reforms and free trade aimed at a complete restructuring of its economy. Surprisingly, the reform process seems to have had little impact on unemployment. An analysis of trends indicates that, even in the worst years of...
Persistent link: https://www.econbiz.de/10005408347
In the next ten years, advocates of microfinance organizations (MFOs) will seek more than $20 billion to provide small loans to 100 million of the poorest families worldwide. In the United States, the newest federal budget proposes a 159-percent increase in the about $200 million spent per year...
Persistent link: https://www.econbiz.de/10005118666
We propose that asset accumulation occurs in three stages. In the first stage (reallocation), current resource inflows must exceed current outflows. To meet this objective, people reallocate resources from current consumption, current leisure, or future consumption or leisure. In the second...
Persistent link: https://www.econbiz.de/10005118711