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This paper investigates the main postulations of the Ramp;D based growth models that innovation is created in the Ramp;D sectors and it enables sustainable economic growth, provided that there are constant returns to innovation in terms of Ramp;D. The analysis employs various panel data...
Persistent link: https://www.econbiz.de/10012783098
Banks across the Caribbean have lost important Correspondent Banking Relationships (CBRs). The macroeconomic impact has …
Persistent link: https://www.econbiz.de/10012944967
The latest advancement in financial technology has posed unprecedented challenges for incumbent banks. This paper … advancement in banks. The analysis shows that the traditionally leading role of banks in advancing financial technology has … concentrated banking industry, as smaller and less tech-savvy banks struggle to survive. Cross-country evidence has suggested that …
Persistent link: https://www.econbiz.de/10013226448
Which structural reforms affect the speed the regional convergence within a country? We found that domestic financial development, trade/current account openness, better institutional infrastructure, and selected labor market reforms facilitate regional convergence. However, these reforms have...
Persistent link: https://www.econbiz.de/10013101519
skill supply affect the extent to which technology adoption in developing countries favors skilled workers. Developing … cheaper. Increased skill supply further biases technical change in favor of skilled labor. Free trade induces technology that …
Persistent link: https://www.econbiz.de/10013085139
Digital connectivity, including through the modern cellular network technologies, is expected to play a key role for the Future of Work in sub-Saharan Africa (SSA). We estimate the cost of introducing a full-scale 4G network by 2025 in SSA and an operable 5G network by 2040. We adapt the costing...
Persistent link: https://www.econbiz.de/10012843526
A defining feature of transition economies is the expansion of the private sector. Motivated by the observation that new enterprises in transition economies seem to have a strong preference for recruiting young people, this paper studies intergenerational redistribution following from market...
Persistent link: https://www.econbiz.de/10012782637
Recent technological developments and past technology transitions suggest that the worldcould be on the verge of a … profound shift in transportation technology. The return of the electriccar and its adoption, like that of the motor vehicle in …
Persistent link: https://www.econbiz.de/10012955171
This study analyzes composition of goods trade in Latin America and the Caribbean (LAC) along four main dimensions: revealed comparative advantage, product complexity, sophistication, and diversification. After describing some key trade patterns over the last half century, it compares the...
Persistent link: https://www.econbiz.de/10012957853
employment protection, unemployment benefits and unemployment benefits have been the main contributors. Technology and …
Persistent link: https://www.econbiz.de/10012888756