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This research argues that the differential effect of international trade on the demand for human capital across countries has been a major determinant of the distribution of income and population across the globe. In developed countries the gains from trade have been directed towards investment...
Persistent link: https://www.econbiz.de/10010284056
determinant of the distribution of world population and a prime cause of the Great Divergence in income per capita across …
Persistent link: https://www.econbiz.de/10010318876
determinant of the distribution of world population and a prime cause of the ‘Great Divergence’ in income per capita across …
Persistent link: https://www.econbiz.de/10010318893
's comparative disadvantage sectors catch up disproportionately faster to the world productivity frontier. Contrary to a well … Ricardian-Heckscher-Ohlin model implemented on 75 countries. We simulate two alternative productivity growth scenarios: a … balanced one in which China's productivity grows at the same rate in each sector, and an unbalanced one in which China …
Persistent link: https://www.econbiz.de/10010352168
This paper explores the implications of Unified Growth Theory for the origins of existing differences in income per capita across countries. The theory sheds light on three fundamental layers of comparative development. It identifies the factors that have governed the pace of the transition from...
Persistent link: https://www.econbiz.de/10010284035
below trend - and total factor productivity (TFP), using a panel of 71 developed and developing countries during the period …
Persistent link: https://www.econbiz.de/10010278252
both developed and developing countries. In both country groups, comparative advantage has become weaker: productivity grew …
Persistent link: https://www.econbiz.de/10011460688
opportunities to enhance long-term output per capita and productivity growth. …
Persistent link: https://www.econbiz.de/10010278293
This paper applies a probit estimation to assess the relationship between economic takeoffs during 1950-2000 and inflows of portfolio debt, portfolio equity, and FDI, controlling for country's stock of short-term external debt and commodity terms of trade. Average level of FDI inflows is...
Persistent link: https://www.econbiz.de/10010287770
While studies of the relationship between economic freedom and economic growth have shown it to be positive, significant and robust, it has rightly been argued that different areas of economic freedom may have quite different effects on growth. Along that line, Carlsson and Lundström (2002)...
Persistent link: https://www.econbiz.de/10010321548