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Comparing Real Wages
Ashenfelter, Orley - National Bureau of Economic Research (NBER) - 2012
A real wage rate is a nominal wage rate divided by the price of a good and is a transparent measure of how much of the good an hour of work buys. It provides an important indicator of the living standards of workers, and also of the productivity of workers. In this paper I set out the conceptual...
Persistent link: https://www.econbiz.de/10011227908
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Financial Development and Output Growth in Developing Asia and Latin America: A Comparative Sectoral Analysis
Aizenman, Joshua; Jinjarak, Yothin; Park, Donghyun - National Bureau of Economic Research (NBER) - 2015
We use data from the Groningen Growth and Development Centre (GGDC) database to perform preliminary empirical analysis … of the interplay between quality and quantity of finance in accounting for the output growth of ten sectors. We review … growth. Our analysis looks at the finance-growth nexus in 41 economies, including 11 East Asian and 9 Latin American …
Persistent link: https://www.econbiz.de/10011159905
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Learning From the Doers: Developing Country Lessons for Advanced Economy Growth
Chari, Anusha; Henry, Peter Blair - National Bureau of Economic Research (NBER) - 2014
From 1980 to 1992, emerging and developing countries grew by 3.4 percent per year. Their annual rate of growth … increased to 5.4 percent between 1993 and 2012. No such increase occurred for advanced nations, whose average growth from 1980 … embracing discipline--sustained commitment to a pragmatic and flexible growth strategy. Three illustrations of discipline …
Persistent link: https://www.econbiz.de/10010950775
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Experience Matters: Human Capital and Development Accounting
Lagakos, David; Moll, Benjamin; Porzio, Tommaso; Qian, Nancy - National Bureau of Economic Research (NBER) - 2012
We use international household-survey data to document that experience-wage profiles are flatter in poorer countries than in richer countries. We find a quantitatively similar pattern when we estimate returns to foreign experience by country of origin among U.S. immigrants. The most likely...
Persistent link: https://www.econbiz.de/10010951163
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Democracy and Reforms: Evidence from a New Dataset
Giuliano, Paola; Spilimbergo, Antonio; Mishra, Prachi - National Bureau of Economic Research (NBER) - 2012
Empirical evidence on the relationship between democracy and economic reforms is limited to few reforms, countries, and periods. This paper studies the effect of democracy on the adoption of economic reforms using a new dataset on reforms in the financial, capital and banking sectors, product...
Persistent link: https://www.econbiz.de/10010951233
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The Cambridge History of "Capitalism"
Temin, Peter - National Bureau of Economic Research (NBER) - 2014
This review essay of the two-volume Cambridge History of Capitalism (2014), edited by Larry Neal and Jeffrey G. Williamson, is divided into three parts. First, I describe three chapters from the second volume that I recommend for all economists to add depth to their understanding of the world...
Persistent link: https://www.econbiz.de/10010960432
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Lobbies and Technology Diffusion
Comin, Diego; Hobijn, Bart - National Bureau of Economic Research (NBER) - 2005
This paper explores whether lobbies slow down technology diffusion. To answer this question, we exploit the differential effect of various institutional attributes that should affect the costs of erecting barriers when the new technology has a technologically close predecessor but not otherwise....
Persistent link: https://www.econbiz.de/10005084444
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Information Technology and the Japanese Economy
Jorgenson, Dale; Motohashi, Kazuyuki - National Bureau of Economic Research (NBER) - 2005
In this paper we compare sources of economic growth in Japan and the United States from 1975 through 2003, focusing on … contribution of total factor productivity growth from the IT sector in Japan also increased, while the contributions of labor input … and productivity growth from the Non-IT sector lagged far behind the United States. Our projection of potential economic …
Persistent link: https://www.econbiz.de/10005084656
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The Diffusion of Development
Spolaore, Enrico; Wacziarg, Romain - National Bureau of Economic Research (NBER) - 2006
This paper studies the barriers to the diffusion of development across countries over the very long-run. We find that genetic distance, a measure associated with the amount of time elapsed since two populations%u2019 last common ancestors, bears a statistically and economically significant...
Persistent link: https://www.econbiz.de/10005084955
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Investment and Growth in Rich and Poor Countries
Cheung, Yin-Wong; Dooley, Michael; Sushko, Vladyslav - National Bureau of Economic Research (NBER) - 2012
This paper revisits the association between investment and growth. The empirical findings highlight substantial … heterogeneity for the effect of investment on growth and suggest a possible negative association. Results based on a battery of … cross-sectional and time-series regressions show that the link between investment and growth has weakened over time and that …
Persistent link: https://www.econbiz.de/10009652768