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Human Capital, Economic Growth, and Regional Inequality in China

Fleisher, Belton; Li, Haizheng; Zhao, Min Qiang - William Davidson Institute, University of Michigan - 2007

We study the dispersion in rates of provincial economic- and TFP growth in China. Our results show that regional growth … step forward occurring following Deng Xiaoping’s “South Trip” in 1992. We find that FDI had much larger effect on TFP …, direct effect of human capital on TFP growth. This direct effect is hypothesized to come from domestic innovation activities …

Persistent link: https://www.econbiz.de/10005652574

The Impact of Capital Measurement Error Correction on Firm-Level Production Function Estimation

Lizal, Lubomir; Galuščák, Kamil - William Davidson Institute, University of Michigan - 2012

Based on a large panel of Czech manufacturing firms, we estimate firm-level production functions in 2003–2007 using the Levinsohn and Petrin (2003) and Wooldridge (2009) approaches, correcting for the measurement error in capital. We show that measurement error plays a significant role in the...

Persistent link: https://www.econbiz.de/10010545918

The Impact of Capital Measurement Error Correction on Firm-Level Production Function Estimation

Lizal, Lubomir; Galuščák, Kamil - William Davidson Institute, University of Michigan - 2012

Persistent link: https://www.econbiz.de/10010552178

Mission Implausible III: Measuring the Informal Sector in a Transition Economy using Macro Methods1

Hanousek, Jan; Palda, Filip - William Davidson Institute, University of Michigan - 2004

An easy and popular method for measuring the size of the underground economy is to use macro-data such as money demand or electricity demand to infer what the legitimate economy needs, and then to attribute the remaining consumption to the underground economy. Such inferences rely on the...

Persistent link: https://www.econbiz.de/10005677433

Real Output and Prices Adjustments Under Different Exchange Rate Regimes

Mirdala, Rajmund - William Davidson Institute, University of Michigan - 2013

Exchange rate regimes evolution in the European transition economies refers to one of the most crucial policy decision in the beginning of the 1990s employed during the initial stages of the transition process. During the period of last two decades we may identify some crucial milestones in the...

Persistent link: https://www.econbiz.de/10011161368

CAPITAL ACCOUNT POLICIES, IMF PROGRAMS AND GROWTH IN DEVELOPING REGIONS

Bicaba, Zorobabel; Brixiová, Zuzana; Ncube, Mthuli - William Davidson Institute, University of Michigan - 2014

This paper examines capital account policy choices in an innovative model with adaptive learning under uncertainty. In the model, countries’ past experiences and IMF programs influence policymakers’ beliefs about impact of capital account liberalization on growth, taking into account...

Persistent link: https://www.econbiz.de/10011124478

Financial Architecture and Economic Performance: International Evidence

Tadesse, Solomon - William Davidson Institute, University of Michigan - 2001

The paper examines the relations between the architecture of an economy's financial system - its degree of market orientation - and economic performance in the real sector. We argue that the relative effectiveness of bank-based versus market-based financial systems depends on the strength of the...

Persistent link: https://www.econbiz.de/10005784672

Financial Development and Technology

Tadesse, Solomon - William Davidson Institute, University of Michigan - 2005

Research in development economics reveals that the bulk of cross-country differences in economic growth is attributable to differences in productivity. By some accounts, productivity contributes to more than 60 percent of countries’ growth in per capita GDP. I examine a particular channel...

Persistent link: https://www.econbiz.de/10005784702

What Drives the Speed of Job Reallocation During Episodes of Massive Adjustment?

Jurajda, Stepan; Terrell, Katherine - William Davidson Institute, University of Michigan - 2002

This paper uses individual-level data to characterize economy-wide job creation and destruction during periods of massive structural adjustment. We contrast the gradualist Czech and the rapid Estonian approach to the destruction of the communist economy to provide evidence on selected...

Persistent link: https://www.econbiz.de/10005784752

Capital Markets and Capital Allocation: Implications for Economies in Transition

Durnev, Artyom; Morck, Randall; Yeung, Bernard - William Davidson Institute, University of Michigan - 2001

Persistent link: https://www.econbiz.de/10005489863