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This paper considers the implications for developing countries of a new wave of technological change that substitutes pervasively for labor. It makes simple and plausible assumptions: the AI revolution can be modeled as an increase in productivity of a distinct type of capital that substitutes...
Persistent link: https://www.econbiz.de/10012302048
We propose and apply methods to quantify the impact of national institutions on international trade and development. We … are able to identify the direct impact of country-specific institutions on international trade within the structural … gravity framework. Our approach naturally addresses the prominent issue of endogenous institutions. The empirical analysis …
Persistent link: https://www.econbiz.de/10012920756
and bad growth prospects, and that these adverse effects are more severe in volatile countries with bad institutions and … a resource boom reinforces rent grabbing and civil conflict especially if institutions are bad, induces corruption …
Persistent link: https://www.econbiz.de/10013094532
the historical determinants of institutions with the sizeable direct impact of geographic endowments on development …
Persistent link: https://www.econbiz.de/10013315896
economic development, notably institutions and geography. This paper sheds a different light on these determinants. We use … spatial econometrics to analyse the importance of the geography of institutions. We show that it is not only absolute … for a country's gdp per capita. Apart from a country's own institutions, institutions in neighboring countries turn out to …
Persistent link: https://www.econbiz.de/10013317516
Within the fundamental determinants of cross-country income inequality, ‘humanly devised' political institutions … inequality explainable by differences in political institutions, we decompose annual cross-country Gini coefficients for 95 … countries (representing 85 percent of the world population) from 1960-2012. Since 1988, inequality has marginally decreased …
Persistent link: https://www.econbiz.de/10012962120
Rising income inequality has emerged as a major policy issue facing policymakers, but there is a dearth of empirical work on inequality in small states, including the Caribbean. Despite data limitations, the empirical analysis using a sample of small states finds that increased openness and...
Persistent link: https://www.econbiz.de/10012518290
Small Developing States (SDS) face substantial challenges in achieving sustainable development. Many of these … countries to the impact of climate change and natural disasters. Meeting SDS sustainable development goals goes hand …-in-hand with building their climate resilience. But the additional costs to meet development and resilience objectives are …
Persistent link: https://www.econbiz.de/10012518849
-challenged world, and the importance of infrastructure investment geared toward such systems changes. The key policies to enable the …
Persistent link: https://www.econbiz.de/10012612346
this is the first attempt to estimate the size and development of the shadow economy over such a long period and due to …
Persistent link: https://www.econbiz.de/10012964698