Showing 1 - 10 of 66
Production often causes pollution as a by-product. Once pollution problems become too severe, regulation is introduced by political authorities which forces the economy to make a transition to cleaner production processes. We model this transition as a change in general purpose technology (GPT)...
Persistent link: https://www.econbiz.de/10010306033
Persistent link: https://www.econbiz.de/10000828575
Persistent link: https://www.econbiz.de/10000809707
Persistent link: https://www.econbiz.de/10000809736
Persistent link: https://www.econbiz.de/10000812569
Persistent link: https://www.econbiz.de/10000876324
An integral part of global current account imbalances is the large and persistent current account surplus developing Asia has run since the 1997-1998 Asian crisis. A country's current account surplus is, by definition, equal to its net saving. The central objective of this paper is to...
Persistent link: https://www.econbiz.de/10003832264
While developing Asia has recovered strongly from the global crisis, the region faces the medium- and long-term challenge of sustaining growth beyond the crisis. The central objective of this paper is to empirically investigate the sources of economic growth in 12 developing Asian economies...
Persistent link: https://www.econbiz.de/10008826310
We apply a stochastic frontier production model to data from 53 countries during 1991-2003 to estimate total factor productivity growth, and decompose it into technical efficiency change and technical progress. Our empirical results indicate that world productivity growth was led by fast-growing...
Persistent link: https://www.econbiz.de/10008658803
Using international data starting 1957, we construct a sample of cases where fast-growing economies slow down. The evidence suggests that rapidly growing economies slow down significantly, in the sense that the growth rate downshifts by at least 2 percentage points when their per capita incomes...
Persistent link: https://www.econbiz.de/10009301880