Showing 1 - 10 of 193
growth process appears to be scale invariant but for countries in the tails of the world income distribution, and that the … relative volatility of smaller countries' growth processes have increased over time. …
Persistent link: https://www.econbiz.de/10010836047
This paper revisits the debate on foreign aid effectiveness from a different perspective by analysing the role of institutional corruption on the effect of aid volatility on the output of developing nations. A simple political economy model is developed to show the effect of corruption on...
Persistent link: https://www.econbiz.de/10010836231
We uncover evidence of substantial heterogeneity in the growth experience of countries using a structural threshold … versus geography debate in growth are potentially misleading …
Persistent link: https://www.econbiz.de/10008520882
growth process appears to be scale invariant but for countries in the tails of the world income distribution, and that the … relative volatility of smaller countries' growth processes have increased over time. …
Persistent link: https://www.econbiz.de/10005094837
Capital (physical and human) doesn't flow from rich to poor countries. We show that in order to solve these twin paradoxes, assumption of externality of physical capital is better than assumption of externality of human capital.
Persistent link: https://www.econbiz.de/10011278867
Using a simple overlapping generations model, this note shows that an improvement in the efficiency of human capital investment decreases the net income of the young household while increasing that of the old. Without compensating redistribution, it deteriorates lifetime utilities of all...
Persistent link: https://www.econbiz.de/10010835789
Using a simple overlapping generations model, this note shows that an improvement in the efficiency of human capital investment decreases the net income of the young household while increasing that of the old. Without compensating redistribution, it deteriorates lifetime utilities of all...
Persistent link: https://www.econbiz.de/10005767622
We present results from quantitative exercises using the Lucas and Romer endogenous growth models, from which we …
Persistent link: https://www.econbiz.de/10008490316
This paper study the relationships between tourism and economic growth by introducing a dynamic model whose ingredients … good. The model analyses the relationships between tourism growth, physical and human capital accumulation and changes in … along the balanced growth path, the rate of human capital accumulation in the tourism industry acts negatively on the rate …
Persistent link: https://www.econbiz.de/10010664037
level of GDP per capita, on the rate of economic growth. By means of pooled OLS regressions, fixed effects and TSLS … significant effect of democracy and human capital on economic growth. Furthermore, these findings are robust to several … allow us to conclude that electoral democracy, by itself, increases GDP growth per capita while almost no support is found …
Persistent link: https://www.econbiz.de/10008577391