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Unskilled labor is the abundant resource in many developing countries, especially at an early stage of their development. Yet, even as at given technologies labor markets have not cleared, neo-classical economists have rejected the notion of an institutional or bargaining wage not based on...
Persistent link: https://www.econbiz.de/10010908072
This paper reviews the literature on the impact of ethnic diversity on economic development. Ethnically polarized societies are less likely to agree on the provision of public goods and more likely to engage in rent seeking activities providing lower levels of social capital. Initial conditions...
Persistent link: https://www.econbiz.de/10009318875
This paper reviews the literature on the impact of ethnic diversity on economic development. Ethnically polarized societies are less likely to agree on the provision of public goods and more likely to engage in rent seeking activities providing lower levels of social capital. Initial conditions...
Persistent link: https://www.econbiz.de/10008537313
In this paper we argue the case for greater exploitation of synergies between research on specific institutions based … on micro-data and the big questions posed by the institutions and growth literature. To date, the macroeconomic … literature on institutions and growth has largely relied on cross-country regression evidence. This has provided compelling …
Persistent link: https://www.econbiz.de/10005558468
The paper outlines a methodology that allows us to determine whether couples. fertility is supply constrained based on the response they give to the subjective desired family size question. The central idea of the paper is that, when faced with the desired family size question, both constrained...
Persistent link: https://www.econbiz.de/10005146684
The discussion of the effectiveness of foreign aid has reached a high pitch. This paper assesses the sorry past and present key arguments for a potentially more effective and sustainable method of aid delivery. A key ingredient is to shake off the vestiges of structural adjustment and move...
Persistent link: https://www.econbiz.de/10010908062
This paper explores the links between economic growth and human development, identifying two chains, one from economic growth to human development, the other, from human development to economic growth. The importance of various links in each chain are explored empirically with the help of...
Persistent link: https://www.econbiz.de/10005357715
This paper makes an effort to trace the course of development thinking and associated development policy over the past six decades. Section I focuses on the early Post-War Consensus, with theory focused on extensions of classical dualism theory and policy concentrating on creating the...
Persistent link: https://www.econbiz.de/10005357719
In this study, we look at the relationship between export stability, investment and economic growth in nine Asian countries using time series data. The few previous time series studies in this area have not paid any attention to stationarity and cointegration issues. We find that in most cases,...
Persistent link: https://www.econbiz.de/10005357725
This paper examines the causes of Taiwan's exceptional economic performance, focusing on the influence of organizational and policy choices and how Taiwan's example differs from those of more typical less-developed countries. After briefly citing cultural factors as proposed by his late...
Persistent link: https://www.econbiz.de/10005357744