Narrow search
Showing 1 - 10 of 1,758
Cover Image
What is Driving the 'African Growth Miracle'?
McMillan, Margaret - 2014
We show that much of Africa's recent growth and poverty reduction can be traced to a substantive decline in the share of the labor force engaged in agriculture. This decline has been accompanied by a systematic increase in the productivity of the labor force, as it has moved from low...
Persistent link: https://www.econbiz.de/10013054049
Cover Image
Structural Change, Fundamentals and Growth : A Framework and Case Studies
McMillan, Margaret - 2017
Developing countries made considerable gains during the first decade of the 21st century. Their economies grew at unprecedented rates, resulting in large reductions in extreme poverty and a significant expansion of the middle class. But more recently that progress has slowed with an economic...
Persistent link: https://www.econbiz.de/10012956929
Cover Image
Agricultural Diversity, Structural Change and Long-Run Development : Evidence from the U.S
Fiszbein, Martin - 2017
This paper examines the role of agricultural diversity in the process of development. Using data from U.S. counties and exploiting climate-induced variation in agricultural production patterns, I show that mid-19th century agricultural diversity had positive long-run effects on population...
Persistent link: https://www.econbiz.de/10012962188
Cover Image
External Integration, Structural Transformation and Economic Development : Evidence from Argentina 1870-1914
Fajgelbaum, Pablo D. - 2014
This paper uses the natural experiment of Argentina's integration into world markets in the late-nineteenth century to provide evidence on the role of internal geography in shaping the effects of external integration. We develop a quantitative model of the distribution of economic activity...
Persistent link: https://www.econbiz.de/10013052521
Cover Image
Why are American Workers Getting Poorer? China, Trade and Offshoring
Ebenstein, Avraham - 2015
offshoring to China has also contributed to wage declines among US workers. However, the role of trade is quantitatively much … increasing import penetration, China's entry into the WTO, and growing US multinational employment abroad. We find significant … effects of globalization, with offshoring to low wage countries and imports both associated with wage declines for US workers …
Persistent link: https://www.econbiz.de/10013026297
Cover Image
Artificial Intelligence and Economic Growth
Aghion, Philippe - 2017
This paper examines the potential impact of artificial intelligence (A.I.) on economic growth. We model A.I. as the latest form of automation, a broader process dating back more than 200 years. Electricity, internal combustion engines, and semiconductors facilitated automation in the last...
Persistent link: https://www.econbiz.de/10012945616
Cover Image
The Rise of Services : The Role of Skills, Scale, and Female Labor Supply
Buera, Francisco J. - 2013
This paper quantifies the roles of increases in the demand for skill-intensive output, the efficient scale of service production, and female labor supply in the growth of services. We extend the Buera and Kaboski (2012a,b) model to a two-person household, incorporating a joint decision on home...
Persistent link: https://www.econbiz.de/10013076916
Cover Image
The Factory-Free Economy : Outsourcing, Servitization and the Future of Industry
Fontagne, Lionel - 2017
process that happens over time in all countries, even China. The distinction between manufacturing and services is likely to …
Persistent link: https://www.econbiz.de/10012965957
Cover Image
From “Made in China” to “Innovated in China” : Necessity, Prospect, and Challenges
Wei, Shang-Jin - 2016
relatively favorable demographic pattern in combination with market-oriented reforms and openness to the world economy, China is …, we assess the likelihood that China can make the necessary transition. Using data on expenditure on research and …
Persistent link: https://www.econbiz.de/10012978531
Cover Image
The Economy of People's Republic of China from 1953
Cheremukhin, Anton - 2015
This paper studies growth and structural transformation of the Chinese economy from 1953 to 2012 through a lens of a two-sector growth model. The main goal of the paper is to provide a systematic analysis of both the pre-1978 reform and post-1978 reform periods in a unified framework. First, we...
Persistent link: https://www.econbiz.de/10013018719