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growth rate of the economy and the agricultural sector, extends the analysis of the fiscal stimulus and its effects, and … potential growth rate of economy and that of agriculture to achieve a non-inflationary, high growth trajectory for the country …. The fiscal stimulus effects indicate the importance of fiscal consolidation efforts to sustain high growth. The trade …
Persistent link: https://www.econbiz.de/10011807659
Historically, episodes of rapid growth are accompanied by significant structural change. In this paper we therefore aim … to quantify the extent to which factor accumulation induces structural change and productivity growth in industrializing … economies. To fix ideas we present an extension of Barro, Mankiw and Sala-i-Martin?s (1995) growth model that incorporates two …
Persistent link: https://www.econbiz.de/10010263207
development. …
Persistent link: https://www.econbiz.de/10010284042
-faring and airborne transportation technologies, to examine its impact on the course of economic development across the globe … effect on the process of development and contributed to the contemporary variation in the standard of living across countries. …
Persistent link: https://www.econbiz.de/10010284086
beneficial in early stages of development, generated in later stages a hurdle for human capital accumulation and economic growth … from an agrarian to an industrial economy generating diverging growth patterns across countries. Land abundance, which was … of industrialization affected the transition to modern growth and has brought about changes in the ranking of countries …
Persistent link: https://www.econbiz.de/10010318867
, to enhance countries' growth. I argue that the relationship between stock markets and growth is exaggerated and that the … simple act of opening a formal stock market is not a good predictor of whether a country will experience economic growth …. While it is possible that in some instances opening a stock market can lead to increased growth, I do not find any evidence …
Persistent link: https://www.econbiz.de/10010369472
economic growth. This research has relied on a variety of econometric techniques applied to large cross-country data sets …. Although the documented positive effects of both RER competitiveness and stability on growth appear to be robust, it is still …: the financial globalization channel and the tradable-led growth channel. I conclude that since these mechanisms are not …
Persistent link: https://www.econbiz.de/10010457024
. Nevertheless, in the standard neoclassical growth model, these barriers have only have small effects on per capita incomes. We … level. Moreover, we show that the removal of these barriers can produce several decades of rapid growth, reminiscent of … economic growth miracles. …
Persistent link: https://www.econbiz.de/10010274517
New mobility trends such as shared mobility, autonomous vehicles, and mobility as a service are poised to disrupt the way the world moves. Since transport behavior is rooted in human behavior, how these trends are adopted will be influenced by behavioral preferences as well as cultural trends....
Persistent link: https://www.econbiz.de/10012146442
This report presents an analysis of China’s transition to a low-carbon energy system, which requires multi-disciplinary approaches. As a world’s energy consumption driver, China will continue to play a significant role in the global energy transition in next few decades and its future...
Persistent link: https://www.econbiz.de/10012146443