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"Are natural resources a blessing or a curse? Bravo-Ortega and De Gregorio present a model in which natural resources have a positive effect on the level of income and a negative effect on its growth rate. The positive and permanent effect on income implies a welfare gain. There is a growth...
Persistent link: https://www.econbiz.de/10010522714
"Loayza and Rancire study the apparent contradiction between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private domestic...
Persistent link: https://www.econbiz.de/10010522903
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"The paper evaluates the effects of privatization in the post-communist economies and China. In post … institutional development. In China relatively more estimates suggest that privatization to domestic owners improves the level of …-communist economies, but foreign joint ventures rather than wholly owned foreign firms have a positive effect in China. Worker or …
Persistent link: https://www.econbiz.de/10011394105
"The author discusses regional development patterns in China and examines effective ways of using development aid to …
Persistent link: https://www.econbiz.de/10010522548
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Following a strong rebound in the first half of 2021, economic activity cooled rapidly in the latter half of the year. The slowdown was partly policy induced, reflecting significant fiscal tightening and regulatory curbs on the financial and real estate sectors, while recurring COVID-19...
Persistent link: https://www.econbiz.de/10013255375
the possible patterns of inequality in China in the future, and outlines policy options that could help accomplish China …
Persistent link: https://www.econbiz.de/10012559090