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We estimate productivities at the sector level for 72 countries and 5 decades, and examine how they evolve over time in both developed and developing countries. In both country groups, comparative advantage has become weaker: productivity grew systematically faster in sectors that were initially...
Persistent link: https://www.econbiz.de/10012461851
We trace the linkages between the episodes of fiscal expansion and consolidation in 72 advanced and emerging and developing economies. The findings suggest that fiscal expansions are positively associated with economic growth, which in turn is positively linked with better sustainable...
Persistent link: https://www.econbiz.de/10012794621
In 1985, James A. Baker III's "Program for Sustained Growth" proposed a set of economic policy reforms including, inflation stabilization, trade liberalization, greater openness to foreign investment, and privatization, that he believed would lead to faster growth in countries then known as the...
Persistent link: https://www.econbiz.de/10012481256
The history of foreign development assistance is one of movement away from addressing immediate needs and toward focusing on the underlying causes of poverty. A recent manifestation is the move towards sustainability,' which stresses community mobilization, education, and cost-recovery. This...
Persistent link: https://www.econbiz.de/10012468370
By reducing the costs of environmental protection, technological change is important for promoting green growth. This entails both the creation of new technologies and more widespread deployment of existing green technologies. This paper reviews the literature on environmentally friendly...
Persistent link: https://www.econbiz.de/10012460155
Violent conflicts, particularly at election times in Africa, are a common cause of instability and economic disruption. This paper studies how firms react to electoral violence using the case of Kenyan flower exporters during the 2008 post-election violence as an example. The violence induced a...
Persistent link: https://www.econbiz.de/10012629517
Understanding inventory movements is central to an understanding of business cycles. This paper presents an empirical study of the behavior of inventories in the automobile industry. It finds that inventory behavior is well explained by the assumption of intertemporal optimization with rational...
Persistent link: https://www.econbiz.de/10012478217
This paper uses quasi-experimental variation in payroll taxes to estimate their incidence and investigate how firms use their input factors. We find that higher payroll tax rates lead to large employment responses and have no effects on employee earnings. As payroll taxes increase, firms...
Persistent link: https://www.econbiz.de/10012479164
Indian manufacturing plants, we show that production and sourcing decisions appear systematically distorted in states with …
Persistent link: https://www.econbiz.de/10012480592
Over the course of the nineteenth century manufacturing in the United States shifted from artisan shop to factory … of extensive railroad network. Using a newly created data set of manufacturing establishments linked to county level data … on rail access from 1850-70, we ask whether the coming of the railroad increased establishment size in manufacturing …
Persistent link: https://www.econbiz.de/10012464237