Showing 1 - 10 of 352
details of the various phases of development and the role thatgovernment and government monopoly has played in different …
Persistent link: https://www.econbiz.de/10011807532
neglected issues of development and structural transformation. The purpose of this paper is to make a contribution to this gap … developing country contexts with extre me income inequality and correspondingly polarized patterns of consumption. This argument … is supported by a review of, amongst other, Kalecki's writing on development and a two-sector model building on Razmi et …
Persistent link: https://www.econbiz.de/10012059919
The literature on aid effectiveness has focused more on recipient policies than the determinants of aid allocation yet a consistent result is that political allies obtain more aid from donors than non-allies. This paper shows that aid allocated to political allies is ineffective for growth,...
Persistent link: https://www.econbiz.de/10010278257
Modern Money Theory (MMT) has generated considerable scrutiny and discussions over the past decade. While it has gained some acceptance in the financial sector and among some politicians, it has come under strong criticisms from all sides of the academic spectrum and from conservative political...
Persistent link: https://www.econbiz.de/10012818360
This research explores the origins of the distribution of time preference across regions. It advances the hypothesis, and establishes empirically, that geographical variations in natural land productivity and their impact on the return to agricultural investment have had a persistent effect on...
Persistent link: https://www.econbiz.de/10011526704
The article provides a broad-based overview on competing development strategies and the economic performance of … developing countries, mainly since the year 2000. Four traditional mainstream development strategies are discussed (Washington … outward development with export-led growth, industrialisation or growth with predominant primary goods exports, foreign …
Persistent link: https://www.econbiz.de/10011304515
This paper discusses the role that finance plays in promoting the capital development of the economy, with particular … development" very broadly. We begin with the observation that the financial system evolved over the postwar period, from one in … the United States. To a large degree, this was because finance, instead of financing the capital development of the …
Persistent link: https://www.econbiz.de/10011545297
Investment growth in emerging market and developing economies has slowed sharply since 2010. This paper presents a comprehensive analysis of the causes and implications of this slowdown and presents a menu of policy responses to improve investment growth. It reports four main results. First, the...
Persistent link: https://www.econbiz.de/10011696320
Persistent link: https://www.econbiz.de/10011807541
We study the sectoral allocation of public infrastructure investments in the agriculture and manufacturing sectors in India. In addition to the changing employment and output shares of these two sectors, the capital output ratio in agriculture in India has fallen, while it has risen in...
Persistent link: https://www.econbiz.de/10011807668