Showing 1 - 10 of 27
Africa will be undergoing substantial demographic changes in the coming decades with the rising working age share of its population. The opportunity of African countries to convert these changes into demographic dividends for growth and poverty reduction will depend on several factors. The...
Persistent link: https://www.econbiz.de/10011096292
Two otherwise identical firms that enter the same market in different months, one in January and one in December, will report dramatically different annual sales for the first calendar year of operations. This partial year effect in annual data leads to downward biased observations of the level...
Persistent link: https://www.econbiz.de/10010829348
Using a unique dataset comprising information for more than 900 firms in the machine building sector in Belarus, this paper investigates the determinants of firm growth for an economy where state ownership of enterprises is widespread. It uses panel data models based on generalizations of...
Persistent link: https://www.econbiz.de/10010535450
Output collapses, and crises are a fact of life. Severe economic downturns occur periodically, and have grave consequences on the poor. The authors propose a new measurement for economic downside risk, and severity: Growth at risk. Similar to the concept of Value at Risk in finance, Growth at...
Persistent link: https://www.econbiz.de/10004989914
The authorexamines a range of cross-sectional variation in performance and policies for evidence on what distinguishes successes from failures. At about 6 percent, the growth rate of the Four Tigers - Hong Kong, the Republic of Korea, Singapore, and Taiwan (China) - are among the largest...
Persistent link: https://www.econbiz.de/10005079619
The authors rely on a series of growth accounting exercises to determine whether the growth rate of total factor productivity (TFP) or the unexplained portion of GDP growth (after controlling for the accumulation of capital per worker) in 18 Latin American and Caribbean economies has benefited...
Persistent link: https://www.econbiz.de/10005079667
Except during the Great Depression, the historical path for per capita Gross Domestic Product (GDP) in the United Stateshas been reasonably stable exponential trend growth, with modest cyclical deviation. Graphically, growth in the United States displays as a modestly sloping, only slightly...
Persistent link: https://www.econbiz.de/10005080130
The authors reexamine the role of financial market development in the intersectoral allocation of resources. First, they characterize the assumptions underlying previous work in this area, in particular, that of Rajan and Zingales (1998). The authors argue that Rajan and Zingales (1998)...
Persistent link: https://www.econbiz.de/10005128915
Using the most recent purchasing power parity data for 44 sub-Saharan African countries, this paper examines the characteristics of long run growth in Africa between 1975 and 2005. The authors investigate the following issues: cross-country income structure, income convergence, the country level...
Persistent link: https://www.econbiz.de/10005129242
After years of poor economic performance, many Latin American countries undertook ambitious programs of macroeconomic stabilization andstructural reform in recent years. This change in policy created high expectations for the region, and some observers have questioned whether actual growth...
Persistent link: https://www.econbiz.de/10005129321