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Growth, inequality and labor markets in LDCs : a survey : presented at CESifo Venice Summer Institute, Workshop on dissecting globalization, July 2004

Qimḥî, Ayyāl - 2004

This paper surveys the empirical literature on the association between growth on inequality in less developed countries, with a particular emphasis on labor market inequality. Crosscountry studies failed to find a clear link from growth to inequality. Country-specific studies that focused on...

Persistent link: https://www.econbiz.de/10011450868

Financial crisis, economic recovery and banking development in former Soviet Union economies

Huang, Haizhou; Marin, Dalia; Xu, Chenggang - 2003

This paper explains both the onset of the financial crisis in 1998 and the striking economic recovery afterwards in Russia and other Former Soviet Union (FSU) economies. Before the crisis banks do not lend to the real sector of the economy and firms use non-bank finance, including trade credits...

Persistent link: https://www.econbiz.de/10011514178

Dualism and cross-country growth regressions

Temple, Jonathan; Woessmann, Ludger - 2004

This paper examines whether growth regressions should incorporate dualism and structural change. If there is a differential across sectors in the marginal product of labour, changes in the structure of employment can raise aggregate total factor productivity. The paper develops empirical growth...

Persistent link: https://www.econbiz.de/10011451098

Elections, fiscal policy and growth : revisiting the mechanism

Oikonomidēs, Geōrgios; Philippopulos, Apostolēs; … - 2002

This short paper reconsiders the popular result that the lower the probability of getting reelected, the stronger the incumbent politicians incentive to follow short-sighted, inefficient policies. The set-up is a general equilibrium model of endogenous growth and optimal fiscal policy, in which...

Persistent link: https://www.econbiz.de/10011409401

Economic growth and endogenous fiscal policy : in search of a data consistent general equilibrium model

Malley, James R.; Philippopulos, Apostolēs - 2000

This paper searches for a general equilibrium model of optimal growth and endogenous fiscal policy with the aim of explaining the interaction between private agents and fiscal authorities in the U.S., West Germany, Japan and the U.K. over the period 1960-1996. Our search is conducted in the...

Persistent link: https://www.econbiz.de/10009781505

Electricity and firm productivity : a general-equilibrium approach

Fried, Stephie; Lagakos, David - 2021

Many policymakers view power outages as a major constraint on firm productivity in developing countries. Yet empirical studies find modest short-run effects of outages on firm performance. This paper builds a dynamic macroeconomic model to study the long-run general-equilibrium effects of power...

Persistent link: https://www.econbiz.de/10012745254

Public education expenditure, growth and welfare

Angelopoulos, Konstantinos (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003498827

NAFTA and Mexico's economic performance

Tornell, Aaron; Westermann, Frank; Martínez Trigueros, … - 2004

Mexico, a prominent liberalizer, failed to attain stellar gross domestic product (GDP) growth in the 1990s, and since … 2001 its GDP and exports have stagnated. In this paper we argue that the lack of spectacular growth in Mexico cannot be … extraordinary growth of exports and foreign domestic investment (FDI). The key to the Mexican puzzle lies in Mexico s response to …

Persistent link: https://www.econbiz.de/10011402509

The quantification of structural reforms : extending the framework to emerging market economies

Égert, Balázs - 2018

This paper estimates and quantifies the impact of structural reforms on per capita income for a large set of OECD and non-OECD countries. The findings suggest that the quality of institutions matters to a large extent for economic outcomes. More competition-friendly regulations, as measured by...

Persistent link: https://www.econbiz.de/10011800715

Is industrialization conducive to long-run prosperity?

Franck, Raphaël; Galor, Oded - 2015 - This version: April 30th, 2015

This research explores the long-run effect of industrialization on the process of development. In contrast to conventional wisdom that views industrial development as a catalyst for economic growth, highlighting its persistent effect on economic prosperity, the study establishes that while the...

Persistent link: https://www.econbiz.de/10010518787

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