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This paper assesses how pro-poor and inclusive Asia's recent growth has been, and what factors have been driving these …, dampening the impact of growth on poverty reduction. As a result, relative to other emerging and developing regions and to Asia … policies that could help redress these trends and broaden the benefits of growth in Asia. These include fiscal policies to …
Persistent link: https://www.econbiz.de/10014409435
We investigate the relation between changes in tax composition and long-run economic growth using a new dataset covering a broad cross-section of countries with different income levels. We specifically consider 69 countries with at least 20 years of observations on total tax revenue during the...
Persistent link: https://www.econbiz.de/10009659768
The paper provides an alternative explanation for the ""resource curse"" based on the income effect resulting from high government current spending in resource rich economies. Using a simple life cycle framework, we show that private investment in the non-resource sector is adversely affected if...
Persistent link: https://www.econbiz.de/10012677783
We analyze the growth impact of official development assistance to developing countries. Our approach is different from that of previous studies in two major ways. First, we disentangle the effects of two kinds of aid: developmental and non-developmental. Second, our specifications allow for the...
Persistent link: https://www.econbiz.de/10012677788
UNESCO World Heritage List. We find that there is a positive relationship between the extent of tourism specialization and …
Persistent link: https://www.econbiz.de/10012677835
This paper provides a comprehensive analysis of the relationship between financial openness and total factor productivity (TFP) growth using an extensive dataset that includes various measures of productivity and financial openness for a large sample of countries. We find that de jure capital...
Persistent link: https://www.econbiz.de/10012677369
We identify structural breaks in economic growth in 140 countries and use these to define ""growth spells:"" periods of high growth preceded by an upbreak and ending either with a downbreak or with the end of the sample. Growth spells tend to be shorter in African and Latin American countries...
Persistent link: https://www.econbiz.de/10012677563
within the World Bank's MAMS model, which is a multisectoral real computable general equilibrium model that incorporates the …
Persistent link: https://www.econbiz.de/10012677888
Intro -- Contents -- I. MOTIVATION AND RELATED STUDIES -- II. OUTPUT DROPS -- III. SHOCKS -- IV. MULTIVARIATE PROBIT ANALYSIS -- V. ROBUSTNESS AND EXTENSIONS -- VI. CONCLUSIONS -- APPENDIX TABLES AND FIGURES -- APPENDIX I. HODRICK-PRESCOTT-FILTER BASED DEFINITION OF EVENTS -- APPENDIX II. KERNEL...
Persistent link: https://www.econbiz.de/10012691074
in Asia during the 1990s is found to be mainly from capital deepening. Total factor productivity (TFP) is also decomposed …
Persistent link: https://www.econbiz.de/10005768879