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World Trade in Services : Evidence from a New Dataset

Loungani, Prakash - 2017

Using a newly constructed dataset on trade in services for 192 countries from 1970 to 2014, this paper shows that services currently constitute one-fourth of world trade and an increasingly important component of global production. A detailed analysis of patterns and stylized facts reveals that...

Persistent link: https://www.econbiz.de/10012956479

Harnessing Resource Wealth for Inclusive Growth in Fragile States

Deléchat, Corinne - 2015

uncertainty of resources output and prices, while delivering growth benefits through higher public investment. The scaling …

Persistent link: https://www.econbiz.de/10013026924

Social and Political Factors in a Model of Endogenous Economic Growth and Distribution : An Application to the Philippines

Villanueva, Delano - 2006

This paper proposes a model of endogenous economic growth and distribution explicitly incorporating social extraction … developments in the distribution of national income and wealth and in the growth rate of per capita capacity output. When …

Persistent link: https://www.econbiz.de/10012781973

A Tale of Two Sectors : Why is Misallocation Higher in Services than in Manufacturing?

Dias, Daniel A. - 2017

Recent empirical studies document that the level of resource misallocation in the service sector is significantly higher than in the manufacturing sector. We quantify the importance of this difference and study its sources. Conservative estimates for Portugal (2008) show that closing this gap,...

Persistent link: https://www.econbiz.de/10012966552

Resource Misallocation Among Listed Firms in China : The Evolving Role of State-Owned Enterprises

Jurzik, Emilia; Ruane, Cian - 2021

We document that publicly listed Chinese state-owned enterprises (SOEs) are less productive and profitable than publicly listed firms in which the state has no ownership stake. In particular, Chinese listed SOEs are more capital intensive and have a lower average product of capital than...

Persistent link: https://www.econbiz.de/10013226435

Will the AI Revolution Cause a Great Divergence?

Alonso, Cristian; Berg, Andrew; Kothari, Siddharth; … - 2021

This paper considers the implications for developing countries of a new wave of technological change that substitutes pervasively for labor. It makes simple and plausible assumptions: the AI revolution can be modeled as an increase in productivity of a distinct type of capital that substitutes...

Persistent link: https://www.econbiz.de/10013315108

The Design of Fiscal Reform Packages : Insights from a Theoretical Endogenous Growth Model

Hodge, Andrew - 2016

This paper studies the impact on growth, welfare, and government debt of fiscal reform packages in a theoretical model … drawing together three key features of the endogenous growth literature: (i) investment in technology (in the form of human … capital) offsets diminishing marginal productivity of private capital, allowing for perpetual growth in output per capita; (ii …

Persistent link: https://www.econbiz.de/10012977816