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perception of decline be reconciled with a reality of growth? The answer is that the "decline" which is perceived is a decline in … is in terminal decline, and that the lost output is being replaced by imports from the developing world. Almost daily … employment in the industrial sector, but this decline is more than counterbalanced by the rise of productivity, so that the …
Persistent link: https://www.econbiz.de/10005407637
This paper surveys research on social capital. We explore the concepts that motivate the social capital literature, efforts to formally model social capital using economic theory, the econometrics of social capital, and empirical studies of the role of social capital in various socioeconomic...
Persistent link: https://www.econbiz.de/10005062449
Countries rich in natural resources constitute both growth losers and growth winners. We claim that the main reason for …
Persistent link: https://www.econbiz.de/10005550983
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
Bonding policies are often used by modern economies to expand their markets and welfare. Several labor bonding institutions are described with the goal of providing an explanation for their success or failure in various countries.
Persistent link: https://www.econbiz.de/10005555987
aggregate relations. This paper establishes a bridge between the aggregation and the inequality and growth literature by … applying a log-linear aggregation method to a simple heterogeneous AK growth model. The aggregation effect is explicitly … captured in the growth equation by the changes of the mean logarithmic deviation (MLD or Theil’s second measure) of the income …
Persistent link: https://www.econbiz.de/10005555988
globalization as well as sub-indexes constructed to measure the single dimensions on economic growth are analyzed empirically. The … results show that globalization promotes growth - but not to an extent necessary to reduce poverty on a large scale. The … dimensions most robustly related with growth refer to actual economic flows and restrictions in developed countries. Although …
Persistent link: https://www.econbiz.de/10005556005
economic growth. The analysis focuses on recently advanced unified growth theories that capture the intricate evolution of …-unified growth models with the main characteristics of the process of development across most of human history induced growth … modern era of sustained economic growth, and the recent transition between these distinct regimes. Unified growth theory …
Persistent link: https://www.econbiz.de/10005556052
Do openness to trade and higher levels of human capital promote faster productivity growth? That they do is a key … implication of several versions of endogenous growth theory. To answer the question we use panel data on 93 countries spanning the … on productivity growth. If the level of openness of an economy is doubled the underlying rate of technical progress will …
Persistent link: https://www.econbiz.de/10005556098
This paper provides empirical evidence, from the study of sixteen major Indian states for the period 1980-2001, that under the economic reform process, the better institutional mechanism could actually help economies to grow faster with higher level of economic well-being. We estimate economic...
Persistent link: https://www.econbiz.de/10005556115