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of development. We document the following regularities. First, as countries develop, their productive structure moves … from more volatile to less volatile sectors. Second, the level of specialization declines with development at early stages …, and slowly increases at later stages of development. Third, the volatility of country-specific macroeconomic shocks falls …
Persistent link: https://www.econbiz.de/10010884605
Interactions between economic development and financial development are studied by looking at the roles of financial … institutions in selecting R&D projects (including for both imitation and innovation). Financial development is regarded as the … evolution of the financing regimes. The effectiveness of R&D selection mechanisms depends on the institutions and the …
Persistent link: https://www.econbiz.de/10010928613
The paper studies credible information transmission by governments. A group of heterogenous individuals have to make private investment and labour supply decisions while relying on the government for information about investment returns. The government consists of an elected citizen who chooses...
Persistent link: https://www.econbiz.de/10010928656
of political freedoms versus economic development. This paper takes a new approach to provide an answer by using micro …
Persistent link: https://www.econbiz.de/10010928706
development, is significantly improved. …
Persistent link: https://www.econbiz.de/10010928797
of development. We document the following regularities. First, as countries develop, their productive structure moves … from more volatile to less volatile sectors. Second, the level of specialization declines with development at early stages …, and slowly increases at later stages of development. Third, the volatility of country- specific macroeconomic shocks falls …
Persistent link: https://www.econbiz.de/10010744831
Interactions between economic development and financial development are studied by looking at the roles of financial … institutions in selecting R&D projects (including for both imitation and innovation). Financial development is regarded as the … evolution of the financing regimes. The effectiveness of R&D selection mechanisms depends on the institutions and the …
Persistent link: https://www.econbiz.de/10010745283
appropriate role of information and communication technologies in development and the priority that should be given to enabling …
Persistent link: https://www.econbiz.de/10010746118
This paper outlines a new approach for analysing the role of trade in promoting industrial development. It offers an …
Persistent link: https://www.econbiz.de/10010746698
In spite of the great U-turn that saw income inequality rise in Western countries in the 1980s, happiness inequality has fallen in countries that have experienced income growth (but not in those that did not). Modern growth has reduced the share of both the “very unhappy” and the...
Persistent link: https://www.econbiz.de/10011126047