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We revisit Western Europe's record with labor-productivity convergence, and tentatively extrapolate its implications for the future path of Eastern Europe. The poorer Western European countries caught up with the richer ones through both higher rates of physical capital accumulation and greater...
Persistent link: https://www.econbiz.de/10012467642
growth to the 1990s, discussing recent criticisms of their measurement and estimation framework. Our results suggest that the …. Third, and most importantly, we present new evidence on the time paths of economic growth, physical capital investment and … liberalization has, on average, robust positive effects on growth, openness and investment rates within countries. We illustrate …
Persistent link: https://www.econbiz.de/10012468542
This paper looks at the patterns of causation between income, export, import, and investment growth for 25 developing …
Persistent link: https://www.econbiz.de/10012471951
We use detailed data from Indonesian cities to study how variation in density within urban areas affects social capital. For identification, we instrument density with soil characteristics, and control for community averages of observed characteristics. Under plausible assumptions, these...
Persistent link: https://www.econbiz.de/10013210096
We examine how one of the largest U.S. place-based economic development programs, the Indian Gaming Regulatory Act (IGRA) of 1988, with annual revenues in excess of \$40 billion, affects local firm total employment and sales through direct channels and through IGRA's effects on adjacent...
Persistent link: https://www.econbiz.de/10014576583
Due to a last-minute fight among the candidates, Vox, a party at the right end of the Spanish political spectrum, could not run in Santa Cruz de Tenerife, a relatively representative electoral constituency, in the general election of July 23, 2023. Since this fight was a power struggle within...
Persistent link: https://www.econbiz.de/10014576639
This chapter reviews the recent debate about the role of social capital in economics. We argue that all the difficulties this concept has encountered in economics are due to a vague and excessively broad definition. For this reason, we restrict social capital to the set of values and beliefs...
Persistent link: https://www.econbiz.de/10012462807
The paper first assesses regional and ethnic group differences in social trust and memberships in both Canada and the United States. The ethnic categories people choose to describe themselves are as important as regional differences, but much less important than education, in explaining...
Persistent link: https://www.econbiz.de/10012472965
The paper reviews the growth performance of different groups of Asian economies, confirms the role of openness as a key factor explaining the growth differences among the Asian economies, and undertakes a preliminary investigation of the role of social capital and institutions. The role of...
Persistent link: https://www.econbiz.de/10012473393
This paper shows that social capital increases economic growth by raising government investment in human capital. We …
Persistent link: https://www.econbiz.de/10012453183