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We examine the impact of inflation on financial development in Brazil and the data available permit us to cover the …, and robust for different estimators and financial development measures ? suggest that inflation presented deleterious … inequality. Therefore, low and stable inflation, and all that it encompasses, is a necessary first step to achieve a deeper and …
Persistent link: https://www.econbiz.de/10005033158
many countries have actually been deindustrializing. This paper analyses deindustrialization experiences internationally … importance of robust industrial policies if countries are to move from deindustrialization to reindustrialization. …
Persistent link: https://www.econbiz.de/10009366418
The former German Democratic Republic underwent a unique post-communist transition because it was absorbed into the wealthy Federal Republic of Germany and has received massive subsidies. Nonetheless, serious difficulties have persisted, including
Persistent link: https://www.econbiz.de/10008493676
Persistent link: https://www.econbiz.de/10005059977
This paper examines the theoretical and empirical evidence for the hypothesis that manufacturing is the main engine of growth in developing countries. The paper opens with an overview of the main arguments supporting the engine of growth hypothesis and then examines each of these arguments using...
Persistent link: https://www.econbiz.de/10009366408
Unlike in the past where industrial policy was either focused on creation and growth of state-owned firms or alternatively consisted merely of broadly functional policies without consideration for firm or entrepreneurial specifics, the requirement now is that future industrial policy ought to be...
Persistent link: https://www.econbiz.de/10009366435
This paper discusses dimensions of inequality in sub-Saharan Africa and their causes. It starts with a review of the empirical evidence about inequality during the colonial period as well as the post-independence era. Then it discusses the forces that det
Persistent link: https://www.econbiz.de/10010854460
Growth and poverty reduction in Africa are weakly linked. This paper argues that the reason is that Africa has failed to create enough good jobs. Structural transformation?the relative growth of employment in high productivity sectors?has not featured in
Persistent link: https://www.econbiz.de/10010854479
This paper sets out to provide an introduction to two sets of questions, and to some relevant literature that has tried to answer them. The first set of questions concern what determines growth in low-income countries, and how the answers are conditioned
Persistent link: https://www.econbiz.de/10010854517
Burkina Faso has experienced quite significant aggregate growth over the past two decades, but that growth has not been transformed into poverty reduction. The key obstacles preventing large-scale escape from poverty are very high population growth combin
Persistent link: https://www.econbiz.de/10011076165