Showing 1 - 10 of 499
Emerging market and developing economies (EMDEs) have experienced an extraordinary decline in inflation since the early 1970s. After peaking in 1974 at 17.3 percent, inflation in these economies declined to 3.5 percent in 2017. Despite a checkered history of managing inflation among many EMDEs,...
Persistent link: https://www.econbiz.de/10012060219
This paper introduces a global database that contains inflation series: (i) for a wide range of inflation measures (headline, food, energy, and core consumer price inflation; producer price inflation; and gross domestic product deflator changes); (ii) at multiple frequencies (monthly, quarterly...
Persistent link: https://www.econbiz.de/10012628459
the future. In 2000, Ethiopia was the poorest country on the globe in per capita GDP - a mere 124 USD in current prices …-optimistic in face of the slowdown of commodity prices and problems of industrialisation. But good development is not necessarily …
Persistent link: https://www.econbiz.de/10011488626
A parsimonious structural model of price and quantity dynamics is applied to Swedish exports and export prices for … manufactured goods 1972-1996. Two sources of dynamics are considered: customer markets and pre-set prices. The dynamic adjustment … of exports is very much in line with what the customer market model predicts: the market share adjusts slowly after a …
Persistent link: https://www.econbiz.de/10010321737
The economy of Punjab state in India offers an interesting case study. Punjab has been for decades - and remains - one of India's better-off states, and so it tends not be included in the primary focus of national programs meant to reduce poverty or spur economic development. But, Punjab's...
Persistent link: https://www.econbiz.de/10011406345
Over time the international development community has advocated various development paradigms, but countries following these paradigms have often performed poorly. I provide an explanation for this poor performance. In my model the political leader of a developing country chooses a policy and...
Persistent link: https://www.econbiz.de/10011430081
and poor country. Its comparative advantage rests on an abundant supply of unskilled labor and exports are heavily …
Persistent link: https://www.econbiz.de/10013208894
Early states like China, India, Italy and Greece have been experiencing more rapid economic growth in recent decades than have later-comers to agriculture and statehood like New Guinea, the Congo, and Uruguay. We show that more rapid growth by early starters has been the norm in economic...
Persistent link: https://www.econbiz.de/10010318983
This paper establishes that the Caloric Suitability Index (CSI) dominates the commonly used measure of agricultural suitability in the examination of the effect of land productivity on comparative economic development. The analysis demonstrates that the agricultural suitability index does not...
Persistent link: https://www.econbiz.de/10011526715
The differences between mainstream and 'heterodox' theories and policies have become increasingly blurred, and this dynamic has also affected heterodox analyses of development. Being trapped by the primacy of the statistics-based methodological imperative, much heterodox thinking on development...
Persistent link: https://www.econbiz.de/10012437885