Showing 1 - 10 of 52
Rapid urbanisation is a major feature of developing countries. Some 2 billion more people are likely to become city … residents in the next 30 years, yet urbanisation has received little attention in the modern development economics literature …. This paper reviews theoretical and empirical work on the determinants and effects of urbanisation. This suggests that there …
Persistent link: https://www.econbiz.de/10010745004
Spatial inequality in developing countries is due to the natural advantages of some regions relative to others and to the presence of agglomeration forces, leading to clustering of activity. This paper reviews and develops some simple models that capture these first and second nature economic...
Persistent link: https://www.econbiz.de/10010746085
The paper recounts the history of Saudi Arabia's first national oil company, Petromin, which was originally supposed to take the place of foreign-owned Aramco. As a result of Petromin's inefficiency and personal rivalries among the Saudi elite, however, Petromin was progressively relegated to...
Persistent link: https://www.econbiz.de/10010745805
promote industrialisation, but membership of a preferential trading arrangement is likley to create larger gains. South …
Persistent link: https://www.econbiz.de/10010746698
This paper describes the spread of industry from country to country as a region grows. All industrial sectors are initially agglomerated in one country, tied together by input-output links between firms. Growth expands industry more than other sectors, bidding up wages in the country in which...
Persistent link: https://www.econbiz.de/10010746708
This paper investigates the impact of outsourcing on sectoral reallocation in the U.S. over the period 1947-2007, and on the rise in services in particular. Roughly 40% of the growth of the service sector comes from professional and business services. This is an unusual industry as more than 90%...
Persistent link: https://www.econbiz.de/10010744978
We consider the dynamic relationship between product market entry regulation and equilibrium unemployment. The main theoretical contribution is combining a job matching model with monopolistic competition in the goods market and individual bargaining. We calibrate the model to US data and...
Persistent link: https://www.econbiz.de/10010746083
The most striking difference in corporate-governance arrangements between rich and poor countries is that the latter rely much more heavily on the dynastic family firm, where ownership and control are passed on from one generation to the other. We argue that if the heir to the family firm has no...
Persistent link: https://www.econbiz.de/10010928662
This paper analyses some of the forces that are changing the spatial distribution of activity in the world economy. It draws on the 'new economic geography' literature to argue the importance of increasing returns to scale and cumulative causation processes in shaping the productivity and...
Persistent link: https://www.econbiz.de/10010745807
urbanisation took place mainly in the XIX Century, with higher costs of spatial interaction, weaker economics of scale, and less …
Persistent link: https://www.econbiz.de/10010746563