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the relationship between changes in per capita GDP and infant mortality. The authors show that there is a strong, negative … association between changes in per capita GDP and infant mortality- in a first-differenced specification the implied elasticity of … infant mortality with respect to per capita GDP is approximately -0.56. In addition to this central result, two findings are …
Persistent link: https://www.econbiz.de/10012552905
This paper evaluates the degree of consumption insurance enjoyed by Latin American and Caribbean countries, with respect to various reference areas, by estimating a parameter expressing the sensitivity of a country's consumption growth to a measure of idiosyncratic shocks to income. The paper...
Persistent link: https://www.econbiz.de/10012552277
This paper seeks to shed some light on the extent to which infrastructure sub-sectors - energy, telecommunications, water supply, sanitation, and transport - contributed to growth in East Asia during 1985-2004. It also attempts to provide additional insights on whether the relationship between...
Persistent link: https://www.econbiz.de/10012552383
Real GDP per capita and capital stock in Cote d'Ivoire grew strongly from 1960 to 1979, but have declined ever since …
Persistent link: https://www.econbiz.de/10012552861
This paper explores the linkage between income growth rates and foreign direct investment (FDI) inflows. So far the evidence is rather mixed, as no robust relationship between FDI and income growth has been established. The authors argue that countries need a sound business environment in the...
Persistent link: https://www.econbiz.de/10012553707
Are natural resources a blessing or a curse? The authors present a model in which natural resources have a positive effect on the level of income and a negative effect on its growth rate. The positive and permanent effect on income implies a welfare gain. There is a growth effect stemming from a...
Persistent link: https://www.econbiz.de/10012553956
This paper presents a novel framework to estimate the elasticity between nighttime lights and quarterly economic activity. The relationship is identified by accounting for varying degrees of measurement errors in nighttime light data across countries. The elasticity is 1.55 for emerging markets...
Persistent link: https://www.econbiz.de/10013255389
Although Tanzania experienced relatively rapid growth in per capita GDP in the 1995 2001 period, household budget …
Persistent link: https://www.econbiz.de/10012559869
distribution of economic resources. The ubiquitous measure of GDP per capita reflects a utilitarian conception of justice, where …
Persistent link: https://www.econbiz.de/10012560134
This paper provides an historical overview of both the evolution of the economic performance of the developing world and the evolution of economic thought on development policy. The 20th century was broadly characterized by divergence between high-income countries and the developing world, with...
Persistent link: https://www.econbiz.de/10012552145