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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
, innovations, and the advance of human knowledge-the rate of growth of capacity has slowed. The past quarter century witnessed the …
Persistent link: https://www.econbiz.de/10011545297
Much of the recent interest in the relationship between growth and distribution has focused on advanced economies and …
Persistent link: https://www.econbiz.de/10012059919
allocated to political allies is ineffective for growth, whereas aid extended to countries that are not allies is highly …
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
Investment growth in emerging market and developing economies has slowed sharply since 2010. This paper presents a … growth. It reports four main results. First, the slowdown has been broad-based and most pronounced in the largest emerging …-crisis investment growth has contributed to sluggish growth of potential output in recent years. Finally, although specific policy …
Persistent link: https://www.econbiz.de/10011696320
Paper reviews India's growth performance since independence. Phrases suchas "Hindu Rate of Growth," sometimes make a … attention on the wrong issue. There is nothing in the literature that suggeststhat this period of the "Hindu Rate of Growth" had … allows a statistically more accurate determination of thedifferent phases of Indian economic growth. The paper confirms that …
Persistent link: https://www.econbiz.de/10011807532
Persistent link: https://www.econbiz.de/10011807541
allocation of infrastructure across agriculture and manufacturing. We find: 1. The growth maximizing share of public capital … growth models. 3. Growth rates are decreasing in manufacturing tax rates and increasing in agricultural tax rates. …
Persistent link: https://www.econbiz.de/10011807668
growth and dynamic welfare with special reference to South Africa. While water may become a limiting factor for future … development in general, as a drought prone and water poor country with rapid population growth, South Africa may face more serious …
Persistent link: https://www.econbiz.de/10011406157