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American metropolitan areas with comparable geographic units in Brazil, China and India. Both Gibrat's Law and Zipf's Law seem … to hold as well in Brazil as in the U.S., but China and India look quite different. In Brazil and China, the implications … of the spatial equilibrium hypothesis, the central organizing idea of urban economics, are not rejected. The India data …
Persistent link: https://www.econbiz.de/10012998418
In this paper we explore the popular but controversial idea that developing countries benefit from abandoning policy neutrality vis-a-vis trade, FDI and resource allocation across industries. Are developing countries justified in imposing tariffs, subsidies, and tax breaks that imply distortions...
Persistent link: https://www.econbiz.de/10013151144
development quest. The sample includes seven developing countries—Botswana, Ghana, Nigeria, Zambia, India, Vietnam and Brazil —all … industrialization only played a significant role in Vietnam …
Persistent link: https://www.econbiz.de/10012956929
This paper documents the fundamental role played by factor accumulation in explaining the extraordinary postwar growth of Hong Kong, Singapore, South Korea and Taiwan. Participation rates, educational levels and (with the exception of Hong Kong) investment rates have risen rapidly in all four...
Persistent link: https://www.econbiz.de/10013233017
We use new manufacturing GDP time series to examine the industrialization in Argentina, Brazil, Chile, and Colombia … industrialization had overlooked. Rather than providing a single explanation of how specific shocks or policies shaped the … industrialization of the region, our argument is that the timing of the industrial take off was linked to initial conditions, while …
Persistent link: https://www.econbiz.de/10012926416
large devaluation episodes: Argentina (2001), Brazil (1999), Korea (1997), Mexico (1994), and Thailand (1997). We conduct a …
Persistent link: https://www.econbiz.de/10013220091
Inflation persists at moderate rates of 15-30 percent in all the countries that successfully reduced triple digit inflations in the 1980s. Several other countries, for example Colombia, have experienced moderate inflation for prolonged periods. In this paper we first set out theories of...
Persistent link: https://www.econbiz.de/10013245721
This paper explores links between policy uncertainty and growth. It provides evidence on the correlation between policy uncertainty and per capita real GDP for 46 developing countries over the 1970-85 period. Cross-section regressions on growth suggest that after accounting for standard...
Persistent link: https://www.econbiz.de/10013141088
According to the Washington Consensus, developing countries? growth would benefit from a reduction in tariffs and other barriers to trade. But a backlash against this view now suggests that trade policies have little or no impact on growth. If quot;getting policies rightquot; is wrong or...
Persistent link: https://www.econbiz.de/10012758491
Many development policies, such as placement of infrastructure or local economic development schemes, are “place-based.” Such policies are generally intended to stimulate private sector investment and economic growth in the treated place, and as such they are difficult to appraise and...
Persistent link: https://www.econbiz.de/10012920362