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Several studies link modern economic performance to institutions transplanted by European colonizers and here we extend this line of research to Asia. Japan imposed its system of well-defined property rights in land on some of its Asian colonies, including Korea, Taiwan and Palau. In 1939 Japan...
Persistent link: https://www.econbiz.de/10012462106
products, aggravating environmental damage. China's rapidly growing trade and serious environmental degradation appear to be no … exception. However, much of China's trade growth is attributable to the international fragmentation of production. This kind of … trade could be cleaner, if fragmented production occurs in cleaner goods, or if China specializes in cleaner stages of …
Persistent link: https://www.econbiz.de/10012464787
patrilocality and concern for women's "purity" help explain the male-skewed sex ratio in India and China and low female employment …
Persistent link: https://www.econbiz.de/10012458286
This paper is the first chapter in the Oxford Companion to the Economics of China (Oxford University Press, forthcoming …). Rather than trying to summarize other contributors' views, we provide our own perspectives on the Economics of China …--the past experience and the future prospects. Our reading of China's economic development over the past 35 years raises two …
Persistent link: https://www.econbiz.de/10012459015
We document a process of rapid tertiarization of the Chinese economy since 2005. The employment and value-added shares of the service sector have increased significantly. Moreover, total factor productivity growth has increased faster in the service sector than in the manufacturing sector....
Persistent link: https://www.econbiz.de/10013334489
residuals are large enough to be viewed as indicators of involuntary' accumulation of excess reserves. Results for Thailand …
Persistent link: https://www.econbiz.de/10012470785
We provide an analysis of real economic growth prospects in emerging markets after financial liberalizations. In contrast with previous research, we identify the financial liberalization dates and examine the influence of liberalizations while controlling for a number of other macroeconomic and...
Persistent link: https://www.econbiz.de/10012470987
Reducing global poverty and addressing climate change and other environmental crises are among the most important challenges facing humanity today. This review article discusses one way in which these problems are intertwined: economic development affects the environment. I synthesize recent...
Persistent link: https://www.econbiz.de/10012616638
Macroeconomic development remains an important policy goal because of its ability to lift entire populations out of poverty. In our review of the literature, we emphasize that the best way to achieve this objective is to embrace a synthesis of methods and ideas, with the science of experiments...
Persistent link: https://www.econbiz.de/10012482639
What explains the success of Mauritius, a top performer among African countries? It has mostly followed growth-enhancing policies, which can in turn be attributed to sound institutions. But from where did the institutions come? Mauritius chose well around the time of independence in 1968, for...
Persistent link: https://www.econbiz.de/10012462088