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Chinese city-level data indicate that differences in growth rates are far more severe than indicated in previous … studies which typically use data at higher levels of aggregation. We estimate growth equations using city-level data and find … that the policy of awarding a special economic zone status enhances growth substantially, increasing annual growth rates by …
Persistent link: https://www.econbiz.de/10005784678
Zimbabwe faces growth and external competitiveness challenges, as indicated by its low trend growth and investment … 2008 economic collapse and under the current multicurrency regime. While overvaluation hampers GDP growth, as well as … growth and employment in export sectors, we have not found that undervaluation would raise it. Replacing the multicurrency …
Persistent link: https://www.econbiz.de/10010936535
income countries, reach strong, sustained and shared growth in the post-crisis world. The paper first reviews, with a special … predominated prior to the crisis towards growth. Fiscal policy is key in this regard, through public outlays on infrastructure …
Persistent link: https://www.econbiz.de/10010545913
We model growth in dictatorships facing each period an endogenous probability of ``political catastrophe'' that would … extinguish the regime's wealth extraction ability. Domestic capital exhibits a bifurcation point determining economic growth or …
Persistent link: https://www.econbiz.de/10005677417
time and/or countries. We demonstrate this argument by identifying structural breaks in growth regressions estimated with …-oriented reforms. We find robust evidence that the pattern of growth in transition has changed at least two times, yielding thus three … different models of growth associated with different stages of reform. The speed with which individual countries progress …
Persistent link: https://www.econbiz.de/10005677568
Replication of two recent studies of growth determinants shows that results are sensitive to the choice of data from … which growth rates are calculated, especially with respect to whether economic convergence has occurred. Previous warnings … (growth rates) have been largely ignored at the cost of possibly contaminating the conclusions. …
Persistent link: https://www.econbiz.de/10005677664
Measured rates of growth in real per capita income differ drastically depending on the data source. This phenomenon …. Replication of several recent studies of growth determinants shows that results are sensitive in important ways to the choice of …-country patterns over time (growth rates) have been largely ignored at the cost of possibly contaminating the conclusions. …
Persistent link: https://www.econbiz.de/10005677713
Persistent link: https://www.econbiz.de/10005489863
a new macro-policy framework) were driven by the drastic growth slowdown and redemocratization of the 1980s. We argue …
Persistent link: https://www.econbiz.de/10005489930
Centrally planned economies tend to be less efficient than economies in which agents are free to choose their output targets, as well as the means to meet them. This paper presents a simple model of planner-manager interactions and shows how planned economies can end up in a low-effort,...
Persistent link: https://www.econbiz.de/10005489931