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Growth Strategies
Rodrik, Dani - C.E.P.R. Discussion Papers - 2003
This is an attempt to derive broad, strategic lessons from the diverse experience with economic growth in last 50 years. The paper revolves around two key arguments. One is that neo-classical economic analysis is a lot more flexible than its practitioners in the policy domain have generally...
Persistent link: https://www.econbiz.de/10005662151
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Convergence Clubs and Diverging Economies
Ben-David, Dan - C.E.P.R. Discussion Papers - 1994
This paper focuses on the question of income convergence among countries. While the methodology used to determine convergence differs from the common cross-sectional approach, it corroborates Baumol's finding of a convergence club among the world's wealthiest countries. It also shows that there...
Persistent link: https://www.econbiz.de/10005136469
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The Agricultural Origins of Time Preference
Galor, Oded; Özak, Ömer - C.E.P.R. Discussion Papers - 2014
This research explores the origins of the distribution of time preference across regions. It advances the hypothesis, and establishes empirically, that geographical variations in natural land productivity and their impact on the return to agricultural investment have had a persistent effect on...
Persistent link: https://www.econbiz.de/10011083828
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What Do We Know about Microfinance at Macro Glance?
Alimukhamedova, Nargiza; Hanousek, Jan - C.E.P.R. Discussion Papers - 2015
The majority of microfinance impact studies focus on finding their effect on a specific group of beneficiaries, in contrast we aim to identify the impact on whole economies (economic growth, and financial sector development and reductions in income inequalities), which is an important policy...
Persistent link: https://www.econbiz.de/10011201355
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Growth in a Dual Economy
Blomström, Magnus; Wolff, Edward N - C.E.P.R. Discussion Papers - 1994
Growth and structural transformation of the manufacturing sector in developing countries are generally considered to be the result of the expansion of the `modern' (large-scale) sector relative to the `traditional' (small-scale) sector. Examining the sources of labour productivity growth in...
Persistent link: https://www.econbiz.de/10005656467
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Does Inflation Matter for Growth?
Gylfason, Thorvaldur; Herbertsson, Tryggvi Thor - C.E.P.R. Discussion Papers - 1996
Some channels through which increased inflation tends to reduce economic growth, and vice versa, are studied within a … potential impact of inflation on: (a) saving through real interest rates (or uncertainty); (b) the income velocity of money; (c …) the government budget deficit through the inflation tax and tax erosion; and (d) efficiency in production through the …
Persistent link: https://www.econbiz.de/10005666711
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Institutional Causes, Macroeconomic Symptoms: Volatility, Crises and Growth
Acemoglu, Daron; Johnson, Simon; Robinson, James A; … - C.E.P.R. Discussion Papers - 2002
Countries that have pursued distortionary macroeconomic policies, including high inflation, large budget deficits and …
Persistent link: https://www.econbiz.de/10005136626
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Human Capital and Macroeconomic Growth: Austria and Germany 1960-1992
Koman, Reinhard; Marin, Dalia - C.E.P.R. Discussion Papers - 1997
In an influential paper Mankiw, Romer and Weil (1992) argue that evidence on the international disparity in levels of per-capita income and rates of growth is consistent with a standard Solow model, once it has been augmented to include human capital as an accumulable factor. In a study on...
Persistent link: https://www.econbiz.de/10005791799
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Before the Great Divergence? Comparing the Yangzi Delta and the Netherlands at the Beginning of the Nineteenth Century
Li, Bozhong; Zanden, Jan Luiten Van - C.E.P.R. Discussion Papers - 2010
The debate about the long-term economic development of China compared with Europe has taken a new turn with the publication of Kenneth Pomeranz’ book on ‘The Great Divergence’, in which he maintains that before the Industrial Revolution the most advanced parts of China (in particular the...
Persistent link: https://www.econbiz.de/10008677242
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Aggregate Fertility and Household Savings: A General Equilibrium Analysis using Micro Data
Banerjee, Abhijit; Meng, Xin; Porzio, Tommaso; Qian, Nancy - C.E.P.R. Discussion Papers - 2014
This study uses micro data and an OLG model to show that general equilibrium forces are critical for understanding the relationship between aggregate fertility and household savings. First, we document that parents perceive children as an important source of old-age support and that in partial...
Persistent link: https://www.econbiz.de/10011084282