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growth across the globe. In a large sample of countries, equality in the distribution of income as measured by the World Bank … and by The Standardized World Income Inequality Database are seen to be correlated with economic diversification, the rule … in the World Values Survey, and democracy, all of which are good for growth as reflected in the purchasing power of per …
Persistent link: https://www.econbiz.de/10011966802
This essay reviews the relationship between natural-resource abundance and economic growth around the world, and … presents some new results. The principal reasons why resource-based production can inhibit economic growth over long periods … protection, corruption, and income inequality. The cross-sectional data show, moreover, that the share of the primary sector in …
Persistent link: https://www.econbiz.de/10011397924
This paper reviews the relationship between natural resources and economic growth, and stresses how natural capital … tends to crowd out foreign capital, social capital, human capital, andphysical capital, thereby impeding economic growth … matters for growth because empirical evidence also indicates that trade, honesty, education, and investment are all positively …
Persistent link: https://www.econbiz.de/10011399567
, which reduces investment and economic growth over time. (iii) Wage increases in the resource-intensive sector that spill …
Persistent link: https://www.econbiz.de/10010438361
Because excessive specialization can be risky, diversification matters for sustainable development. A case study of Madagascar, this paper begins by briefly discussing economic and institutional diversification and presenting a simple model of production possibilities to illuminate the possible...
Persistent link: https://www.econbiz.de/10015048370
We compare and contrast the economic growth performance of Croatia and Latvia since the collapse of communism in 1991 … in an attempt to understand better the extent to which the growth differential between the two countries can be traced to … increased efficiency in the use of capital and other resources (intensive growth) as opposed to sheer accumulation of capital …
Persistent link: https://www.econbiz.de/10008697476
Persistent link: https://www.econbiz.de/10003624512
Persistent link: https://www.econbiz.de/10003497703
resources, economic growth, and some of the main determinants of growth, including democracy. -- economic growth ; natural …
Persistent link: https://www.econbiz.de/10009010049
Education has been one of the key determinants of economic growth around the world since 1965. In this paper, we … the Gini coefficient as well as to economic growth across countries. The three measures are: (a) gross secondary … countries at all income levels, we also find that more and better education appears to encourage economic growth directly as …
Persistent link: https://www.econbiz.de/10011506215