variety of imitation- to innovation-based intermediate goods. A key mechanism through which productivity increases initially … imitation sector. The process of industrialization increases the demand for high-skill labor, inducing individuals to invest in …

In recent years, the term "middle-income trap" has entered common parlance in the development policy community. The …

causation processes. They may be acquired by learning, through technological spillovers, or by the development of thick markets … and 2nd advantages interact that shapes the pattern of development. The authors then turn to the example of how policy has …

with formal institutions. Second, the impact of labor market institutions on productivity growth has probably been …

and the evolution of economic thought on development policy. The 20th century was broadly characterized by divergence …, increased knowledge generation and sharing among the developing countries. Re-thinking development policy implies confronting … changing context and offers suggestions on how they can adapt their strategies to improve development outcomes. …

, or decrease in factor productivity may strongly affect long-run equilibrium growth even in one-sector neoclassical growth …

an approach to use some of the conceptual and empirical findings from that literature for development policy. The … finds recipes for success that are infeasible, contradictory and shifting, and that ignore the role of luck in development … diagnostics" that identify binding constraints to development. But he shifts from the sequential "decision tree" framework to a …

The empirical literature on finance and development suggests that countries with better developed financial systems … experience faster economic growth. Financial development-as captured by size, depth, efficiency, and reach of financial systems … work for development …

poor on marginal lands is essentially a barometer of economy-wide development. As long as there are abundant marginal lands …. As a consequence, productivity increases and expansion in the commercial primary production sector will cause …