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Diversification, Dutch disease, and economic growth : options for Uganda
Thorvaldur Gylfason; Nganou, Jean-Pascal Nguessa - 2014 - This Version: November 14, 2014
different from other oil-rich countries. In five main ways, all of which suggest the need for economic diversification as an …
Persistent link: https://www.econbiz.de/10010438361
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Volatility and diversification of exports : firm-level theory and evidence
Vannoorenberghe, Gonzague; Wang, Zheng; Yu, Zhihong - 2014
-run demand shocks. In this setup, the volatility of a firm’s exports depends not only on the diversification of its destination … doubt on the commonly held belief that diversification must decrease volatility. …
Persistent link: https://www.econbiz.de/10010384382
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Financial sector development in Brunei Darussalam : depth, acces, and efficiency : a comparative analysis
Bhattacharyay, Biswanath; Bhattacharyay, Madhurima - 2022
Financial sector development plays an important role in promoting economic growth and welfare of the citizen of a country. On the other hand, financial sector instability or vulnerability, can adversely affect the economic growth and cause major disruptions in the country. This paper examines...
Persistent link: https://www.econbiz.de/10013380870
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Oil exports and the Iranian economy
Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - 2009
This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the "Dutch disease" and the "resource curse", which primarily focus on short...
Persistent link: https://www.econbiz.de/10003897747
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The international economics of natural resources and growth
Thorvaldur Gylfason (contributor) - 2007
Persistent link: https://www.econbiz.de/10003497703
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Structural change in production networks and economic growth
Gaggl, Paul; Gorry, Aspen; Vom Lehn, Christian - 2023
This paper studies structural change in production networks for intermediate inputs (input-output network) and new capital (investment network). For each network, we document a declining fraction of production by goods sectors and a rising fraction of production by services sectors. We develop a...
Persistent link: https://www.econbiz.de/10014285534
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Does energy diversification cause an economic slowdown? : evidence from a newly constructed energy diversification index
Gozgor, Giray; Paramati, Sudharshan Reddy - 2021
system. Given this backdrop, this study introduces a new measure of energy diversification. It explores its impact on … economic growth with increasing long-run energy diversification. However, some countries (OECD and G20) experience negative … economic growth due to energy diversification in the short term. The results also disclosed that energy diversification does …
Persistent link: https://www.econbiz.de/10012603093
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Capital-labor substitution, structural change and growth
Alvarez-Cuadrado, Francisco; Long, Ngo Van; Poschke, Markus - 2016 - This Draft: May 25, 2016
There is growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well-known Kaldor facts, with systematic changes in the sectoral allocation of resources, consistent with the Kuznets facts. Although variations in the income elasticity of demand across...
Persistent link: https://www.econbiz.de/10011482690
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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
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Structural change and productivity growth in Europe : past, present and future
Duernecker, Georg; Sanchez-Martinez, Miguel - 2021
This paper studies the effect of structural change on the historical path of aggregate labor productivity growth for a large sample of European countries, and it builds a quantitative multi-sector growth model to analyze the potential impact that structural change may have on future productivity...
Persistent link: https://www.econbiz.de/10012625868