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We explore the relationships between subjective well-being and income, as seen across individuals within a given country, between countries in a given year, and as a country grows through time. We show that richer individuals in a given country are more satisfied with their lives than are poorer...
Persistent link: https://www.econbiz.de/10013132796
This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the engineer. It collects cross-country and state level data on the labor share of engineers for the Americas, and county level data on engineering and patenting for the US during...
Persistent link: https://www.econbiz.de/10013315467
While the direct impact of geographic endowments on prosperity is present in all countries, in former colonies, geography has also affected colonization policies and, therefore, institutional outcomes. Using non-colonized countries as a control group, I re-examine the theories put forward by La...
Persistent link: https://www.econbiz.de/10013315896
This paper examines global and regional stock market integration in Asia at both the aggregate and disaggregate …
Persistent link: https://www.econbiz.de/10012953892
Asia, particularly its major economies has witnessed slower growth in recent years. To make Asia more economically … proposed. This initiative plans to create an economic zone covering Asia, Europe and Africa. To successfully promote and … finance greater physical connectivity, at the pan-Asian, sub-regional and national levels, Asia will require a strong and …
Persistent link: https://www.econbiz.de/10012956801
Southeast Asia. In view of slowdown in growth and even recession in advanced economies as a result of the adverse impact of the … toward rising middle class of Asia. To successfully implement the new initiative of “Make in India”, India needs to be …
Persistent link: https://www.econbiz.de/10013009855
Asia accounts for more than 30% of world GDP and contributes half of the global growth in recent years. Despite high … growth rates, Asia is still facing considerable socio-economic challenges. If Asia is to reemerge as a major power in the … region's economies more integrated regionally and internationally. Following the recent global trend, Asia witnessed a wave …
Persistent link: https://www.econbiz.de/10013317319
ascertain that today's trade issues in Northeast Asia go beyond the traditional mechanisms of tariffs, and include "behind … transaction costs along with trade infrastructure facilities have significant influence on regional trade flows in Northeast Asia …. On average, 10 percent saving in transaction costs increases imports by about 5 percent in Northeast Asia. This paper …
Persistent link: https://www.econbiz.de/10013317394
While “mega FTAs” and WTO-driven efforts at multilateral liberalisation dominate the agenda, customs unions (CU) are the silent success story of regional integration. Throughout the world, CUs have been superseding earlier FTAs, as new unions were formed or old ones expanded. Due to problems...
Persistent link: https://www.econbiz.de/10012986938
economic growth in East Asia. Developed Asia produces technology-intensive intermediate goods and capital goods and ships them …, the ability of the rest of the world to absorb Asia's exports has decreased. Export production in some Asian countries has … production networks in Asia. It then discusses how developing Asian countries could leverage production networks to facilitate …
Persistent link: https://www.econbiz.de/10013101411