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funds. We use data from Brazil's federal legislature, which grants each federal legislator a budget to fund public projects …
Persistent link: https://www.econbiz.de/10012456813
This paper models the relationship between countries' distance from global economic activity, endogenous investments in education, and economic development. Firms in remote locations pay greater trade costs on both exports and intermediate imports, reducing the amount of value added left to...
Persistent link: https://www.econbiz.de/10012469256
In this paper, we examine the changes in per-capita income and productivity from 1700 to modern times, and show four things: (1) that incomes per capita diverged more around the world after 1800 than before; (2) that the source of this divergence was increasing differences in the efficiency of...
Persistent link: https://www.econbiz.de/10012470120
In this paper I analyze whether international trade contributes to per capita income convergence across countries. The … dispersion, in each case I use a difference-in-differences' approach which compares the convergence pattern among the … liberalizing countries before and after liberalization with the convergence pattern among randomly chosen control countries before …
Persistent link: https://www.econbiz.de/10012472251
The recent literature on cross-country convergence of per capita income has largely ignored international trade. The … reason might be perspective. Most convergence papers frame the analysis in a `Solow world' in which countries exist … capita income convergence and international trade. First, I briefly summarize a few interesting recent papers which have …
Persistent link: https://www.econbiz.de/10012472931
Why are people in the richest countries of the world so much richer today than 100 years ago? And why are some countries so much richer than others? Questions such as these define the field of economic growth. This paper documents the facts that underlie these questions. How much richer are we...
Persistent link: https://www.econbiz.de/10012457524
In an 80-country panel since the 1960s, the convergence rate for per capita GDP is around 1.7% per year. This "beta … convergence" is conditional on an array of explanatory variables that hold constant countries' long-run characteristics. The … introduction of country fixed effects generates a much higher-and, I argue, misleading-convergence rate. In a much longer time …
Persistent link: https://www.econbiz.de/10012460366
evolved from "backward" to an agricultural powerhouse. Its production and total factor productivity more than doubled. Brazil …
Persistent link: https://www.econbiz.de/10012456685
/capita, shares in world trade and market capitalization attributable both jointly and single to China, India, and Brazil (the three … Brazil. Our calculations show that the majority of the change occurs from growth in these three economies, and the most from …
Persistent link: https://www.econbiz.de/10012460976
We use variation in oil output among Brazilian municipalities to investigate the effects of resource windfalls. We find muted effects of oil through market channels: offshore oil has no effect on municipal non-oil GDP or its composition, while onshore oil has only modest effects on non-oil GDP...
Persistent link: https://www.econbiz.de/10012463099