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Developing countries are vulnerable to the adverse effects of climate change, yet there is disagreement about what they should do to protect themselves from antic- ipated damages. In particular, it is unclear what the optimal balance is between investments in traditional productive capital...
Persistent link: https://www.econbiz.de/10011126276
In this paper we have built a model of financial intermediation that explains the GDP variability pattern of an economy during the development process. In our model, per capita is more volatile in the middle-income economies than in both low and high-income economies. We show that, if the model...
Persistent link: https://www.econbiz.de/10011071114
efficiency. In terms of policy, we conclude that inclusive growth policies (which boost adaptation demand) should be an important …
Persistent link: https://www.econbiz.de/10011126706
impact on short-term economic growth while avoiding the potentially disastrous reduction in GDP that could result from …
Persistent link: https://www.econbiz.de/10011126727
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 … lower the volatility of output growth. Technological complexity evolves endogenously in response to profit incentives. The …
Persistent link: https://www.econbiz.de/10010928680
We consider the potential importance of labour market efficiency for aggregate growth. The idea is that efficient … labour markets move workers more quickly from low to high productivity sites, thereby raising aggregate productivity growth … data on 15 OECD countries, we estimate this and show that it has a significant effect on growth. The results are robust to …
Persistent link: https://www.econbiz.de/10010746412
evidence on media markets, knowledge transmission, and city growth across Europe 1450-1600. The paper construct- s …-level supply induced by heterogeneous manager deaths is used to identify the impact of print media on city-level population growth …. Local access to printed merchants' manuals used in business education was particularly associated with growth. New micro …
Persistent link: https://www.econbiz.de/10010745227
In recent times there has been a renewed interest in relationships between redistribution, growth and welfare. Land … appreciable impact on growth and poverty. The evidence presented suggests that land reforms do appear to be associated with …
Persistent link: https://www.econbiz.de/10010746031
discontinuity of per-capita GDP growth partitions Austria's regions into two groups. Clear evidence of discontinuity (a “take … Austria, Bohemia, Silesia, Galicia, Bukovina, and Dalmatia there is instead no evidence of structural break in their growth …) but have moderate effects on the growth of subsequent years. Regional (per-capita) inequality is also evaluated using …
Persistent link: https://www.econbiz.de/10011125886
, education, and skills for consumption (rather than production) - can importantly affect patterns of economic growth and …
Persistent link: https://www.econbiz.de/10010884693