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"This paper examines the effects of inflation targeting on industrial and emerging economies' output growth over the … systematic positive and significant effects of inflation targeting on real output growth. In dynamic models, the findings show … strong output persistence in industrial economies, in which partial and full inflation targeting regimes have a positive long …
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"The economies of small developing states tend to be more fragile than those of large ones. This paper examines this issue in a dynamic context by focusing on the impact of the brain drain on North-South trade-related technology diffusion and total factor productivity growth in small and large...
Persistent link: https://www.econbiz.de/10011394122
"Prevailing measures of relative poverty put an implausibly high weight on relative deprivation, such that measured poverty does not fall when all incomes grow at the same rate. This stems from the (implicit) assumption in past measures that very poor people incur a negligible cost of social...
Persistent link: https://www.econbiz.de/10011394138
"The authors develop an endogenous growth model that combines structural change with repeated product improvement. That is, the technologies in one sector of the model become not only increasingly capital-intensive, but also progressively productive over time. Application of the basic model to...
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