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How Darwinian Should an Economy Be?
Saint-Paul, Gilles - 2014
This paper studies aggregate dynamics in a cobweb model where learning takes place through a selection mechanism, by which more successful firms are replicated at a higher rate. The structure of the model allows to characterize analytically the aggregate dynamics, and to compute the effect on...
Persistent link: https://www.econbiz.de/10013042991
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Evolution and the Growth Process : Natural Selection of Entrepreneurial Traits
Galor, Oded - 2012
This research suggests that a Darwinian evolution of entrepreneurial spirit played a significant role in the process of economic development and the dynamics of inequality within and across societies. The study argues that entrepreneurial spirit evolved non-monotonically in the course of human...
Persistent link: https://www.econbiz.de/10013110853
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The Effectiveness of Interventions to Reduce Informality in Low- and Middle Income Countries
Jessen, Jonas - 2019
Labor markets in low- and middle income countries are characterized by high levels of informality. A multitude of interventions have therefore been implemented in many countries with the objective to increase the formalization of firms and workers, including information campaigns, simplification...
Persistent link: https://www.econbiz.de/10012865842
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Distributional Effects of Monetary Policy in Emerging Market Economies
Prasad, Eswar S. - 2015
We develop a two-sector, heterogeneous-agent model with incomplete financial markets to study the distributional effects and aggregate welfare implications of alternative monetary policy rules in emerging market economies. Relative to inflation targeting, exchange rate management benefits...
Persistent link: https://www.econbiz.de/10013016221
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Lower and Upper Bound Estimates of Inequality of Opportunity for Emerging Economies
Hufe, Paul; Peichl, Andreas; Weishaar, Daniel - 2021
Equality of opportunity is an important normative ideal of distributive justice. In spite of its wide acceptance and economic relevance, standard estimation approaches suffer from data limitations that can lead to both downward and upward biased estimates of inequality of opportunity. These...
Persistent link: https://www.econbiz.de/10013213351
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Suppliers of Multinationals and the Forced Linkage Effect : Evidence from Firm Level Data
Godart, Olivier - 2013
Using information on more than 1000 firms in a number of emerging countries, we find quantitative evidence that suppliers of multinationals that are pressured by their customers to reduce production costs or develop new products have higher productivity growth than other firms, including other...
Persistent link: https://www.econbiz.de/10013087413
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Globalization, Structural Change and Innovation in Emerging Economies : The Impact on Employment and Skills
Vivarelli, Marco - 2018
- using different taxonomies put forward by the innovation literature - the concrete ways through which an emerging country … where domestic innovation has to be complemented by the role played by international technology transfer. In the second part … skills. In particular, the prescriptions by the conventional trade theory will be contrasted with a view taking into account …
Persistent link: https://www.econbiz.de/10012909972
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Geographical Origins and Economic Consequences of Language Structures
Galor, Oded - 2016
This research explores the economic causes and consequences of language structures. It advances the hypothesis and establishes empirically that variations in pre-industrial geographical characteristics that were conducive to higher return to agricultural investment, larger gender gap in...
Persistent link: https://www.econbiz.de/10012978167
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The Macrogenoeconomics of Comparative Development
Ashraf, Quamrul H. - 2017
The importance of evolutionary forces for comparative economic performance across societies has been the focus of a vibrant literature, highlighting the roles played by the Neolithic Revolution and the prehistoric "out of Africa" migration of anatomically modern humans in generating worldwide...
Persistent link: https://www.econbiz.de/10012965018
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Financial Sector Regulation and Reforms in Emerging Markets : An Overview
Prasad, Eswar S. - 2010
This paper provides an overview of the complex conceptual and practical challenges that emerging market economies face as they attempt to reform their frameworks for financial regulation. These economies are striving to balance the quest for financial stability with the imperatives of financial...
Persistent link: https://www.econbiz.de/10013136951