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Regional growth and national development: transition in Central and Eastern Europe and the regional Kuznets curve in the East and the West

Monastiriotis, Vassilis - London School of Economics (LSE) - 2014

Regional disparities in Central and Eastern Europe rose substantially since 1990. Still, prima facie evidence of beta-convergence … convergence. In both CEE and the ‘old’ EU15, regional convergence is strongly linked to the level of national development, non …-linearly. But while in the EU15 convergence speeds-up at intermediate/high levels of development, in CEE we find divergence at …

Persistent link: https://www.econbiz.de/10011126360

Heterogeneous mark-ups, growth and endogenous misallocation

Peters, Michael - London School of Economics (LSE) - 2013

The recent work on misallocation argues that aggregate productivity in poor countries is low because various market frictions prevent marginal products from being equalized. By focusing on such allocative inefficiencies, misallocation is construed as a purely static phenomenon. This paper argues...

Persistent link: https://www.econbiz.de/10010884565

Volatility and development

Koren, Miklos; Tenreyro, Silvana - London School of Economics (LSE) - 2005

Why is GDP growth so much more volatile in poor countries than in rich ones? We identify four possible reasons: (i) poor countries specialize in more volatile sectors; (ii) poor countries specialize in fewer sectors; (iii) poor countries experience more frequent and more severe aggregate shocks...

Persistent link: https://www.econbiz.de/10010884605

The weightless economy in economic development

Quah, Danny - London School of Economics (LSE) - 1999

Can the increasing significance of knowledge-products in national income - the growing weightless economy - influence economic development? Those technologies reduce ''distance'' between consumers and knowledge production. This paper analyzes a model embodying such a reduction. The model shows...

Persistent link: https://www.econbiz.de/10010884693

The marginal product of capital

Caselli, Francesco; Feyrer, James - London School of Economics (LSE) - 2006

Whether or not the marginal product of capital (MPK) differs across countries is a question that keeps coming up in discussions of comparative economic development and patterns of capital flows. We use easily accessible macroeconomic data to shed light on this issue, and find that MPKs are...

Persistent link: https://www.econbiz.de/10010928591

Technological diversification

Koren, Miklos; Tenreyro, Silvana - London School of Economics (LSE) - 2007

Economies at early stages of development are often shaken by abrupt changes in growth rates, whereas in advanced economies growth rates tend to be relatively stable. To explain this pattern, we propose a theory of technological diversification. Production makes use of different input varieties,...

Persistent link: https://www.econbiz.de/10010928680

Democracy and education spending: has Africa's move to multiparty elections made a difference to policy?

Stasavage, David - London School of Economics (LSE) - 2003

While it is generally recognized that electoral competition can have a major influence on public spending decisions, there has been little effort to consider whether the move to multiparty elections in African countries in recent years has led to a redistribution of public expenditures between...

Persistent link: https://www.econbiz.de/10010928691

Barriers and the transition to modern growth

Ngai, L. Rachel - London School of Economics (LSE) - 2003

This paper studies how differences in the size of barriers to capital accumulation can account for differences in long run economic development paths. In this model barriers affect both the beginning date and the pace of the modern economic growth. A fundamental property of the model is that...

Persistent link: https://www.econbiz.de/10010928738

The rise of mass consumption societies

Matsuyama, Kiminori - London School of Economics (LSE) - 2000

This paper develops a model to understand mechanisms behind the rise of mass consumption societies. The development process depicted in the model follows the Flying Geese pattern, in which a series of industries takes off one after another. As productivity improves in these industries, each...

Persistent link: https://www.econbiz.de/10010928752

Volatility and development

Koren, Miklos; Tenreyro, Silvana - London School of Economics (LSE) - 2005

Persistent link: https://www.econbiz.de/10010744831