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it the Great Recession), but the Australian economy appears to be powering ahead. It is a miracle economy! Unlike most of … economy compared to some of the OECD countries and see that, in fact, Australia has a "miracle economy". The comparisons are …
Persistent link: https://www.econbiz.de/10009774315
the country to target the world as its market. This research discusses the role of international trade in China's economic … growth. It starts with a review of conceptions as well as the evolution of China's international trade regime and the policy … that China has taken in favor of trade sectors. In addition, China's international trade performance is analyzed …
Persistent link: https://www.econbiz.de/10008989717
benign international environment, this approach makes it unlikely that the economy will face a collapse in growth. But there …, especially those related to having an open capital account, do not loom large in the case of China. In the process of securing … benign international environment, this approach makes it unlikely that the economy will face a collapse in growth. But there …
Persistent link: https://www.econbiz.de/10003539352
China's remarkable run of persistently high growth in recent decades is all the more stunning in light of the country …'s low levels of financial and institutional development, state-dominated economy, and nondemocratic government …. Notwithstanding the inefficient and risky growth model, the government has maneuvered the economy around various stresses without any …
Persistent link: https://www.econbiz.de/10014279871
The robust empirical finding that exporting firms are systematically different from firms that merely serve domestic consumers has inspired the development of a new brand of trade theory, the theory of heterogeneous firms and trade. The establishment of a canonical model due to Melitz (2003) has...
Persistent link: https://www.econbiz.de/10009519889
Recent research has documented a U-shaped industrial concentration curve over an economy's development path. How far …
Persistent link: https://www.econbiz.de/10010221543
This essay investigates the determinants of the growth performance of Africa. I start by illustrating a broader research agenda which accounts not only for basic economic and demographic factors, but also for the role of history and institutional development. After reporting results from...
Persistent link: https://www.econbiz.de/10009310834
Using newly collected national and sub-national data and historical case studies, this paper argues that differences in innovative capacity, captured by the density of engineers at the dawn of the Second Industrial Revolution, are important to explaining present income differences, and, in...
Persistent link: https://www.econbiz.de/10010370094
This paper investigates the effects of financial development and political instability on economic growth in a power-ARCH framework with data for Argentina from 1896 to 2000. Our findings suggest that (i) informal or unanticipated political instability (e.g., guerrilla warfare) has a direct...
Persistent link: https://www.econbiz.de/10003762132
"Why are socially beneficial reforms not implemented? One simple answer to this question (which has received little attention in the literature) is that this may be caused by generalized uncertainty about the effectiveness of reforms. If agents are unsure about whether a proposed reform will...
Persistent link: https://www.econbiz.de/10003451843