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-income Latin American countries: Argentina, Brazil, Chile, Colombia, Mexico, and Peru. It explores the role played by several …"" within Brazil and Peru- the estimated speeds of convergence for these countries more than double after controlling for …
Persistent link: https://www.econbiz.de/10014400374
A key feature of developing economies is that wages in agriculture are significantly below those of other sectors … speaks against the existence of large short-term gains from reallocating workers out of agriculture and favors recently … gap level observed and its decline as the economy transitioned out of agriculture …
Persistent link: https://www.econbiz.de/10011781284
In the last few decades there has been little convergence of income levels in Latin America with those in the United States, in sharp contrast with both emerging Asia and emerging Europe. This paper argues that lack of convergence was not the result of low investment. Latin America is poorer...
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The main objective of Regional Trade Agreements (RTAs) is to stimulate economic growth in participating countries through increased trade, economies of scale, knowledge and technology transfer. Using a panel data over the period 1979 to 2018, this paper examines the contribution of regional...
Persistent link: https://www.econbiz.de/10012517925
China’s current growth model— which has delivered steady and robust growth for two decades and lifted some 500 million individuals out of poverty—has become too reliant on credit and investment, and has begun to experience diminishing returns. Delays in advancing the government’s reform...
Persistent link: https://www.econbiz.de/10012667490
The paper analyzes the recent growth dynamics in China, evaluating both cyclical positions and long-term growth prospects. The analysis shows that financial cycles play a more important role than traditional inflation-based cycles in shaping the dynamics of growth. Currently, the...
Persistent link: https://www.econbiz.de/10012418220