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A renewed interest in explaining growth in the Caribbean countries is motivated by the somewhat slow but uneven performance in the past decade: per capita GDP gaps in Caribbean countries have widened in relation to the United States, whereas standard theories would predict convergence. This...
Persistent link: https://www.econbiz.de/10011292983
Some recent papers by Dell et al. (2009) and Dell et al. (2012) (DJO) relating weather and economic outcomes, have delivered meaningful messages with clear implications to the effects of a changing climate. In a nutshell, the authors claim that a 1°C increase in global average temperatures...
Persistent link: https://www.econbiz.de/10010517704
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/10009674819
We measure the contribution of firm-embedded productivity to cross-country income differences. By firm-embedded productivity we refer to the components of productivity that differ across firms and that can be transferred internationally, such as blueprints, management practices, and intangible...
Persistent link: https://www.econbiz.de/10012586982
Powerful currents have reshaped the structure of families over the last century. There has been (i) a dramatic drop in fertility and greater parental investment in children; (ii) a rise in married female labor-force participation; (iii) a significant decline in marriage and a rise in divorce; (iv)...
Persistent link: https://www.econbiz.de/10011585848
The Grand Transition (GT) view claims that economic development is causal to institutional development, and that many … institutional changes can be understood as transitions occurring at roughly the same level (zones) of development. The Primacy of … Institutions (PoI) view claims that economic development is a consequence of an exogenous selection of institutions. Our survey of …
Persistent link: https://www.econbiz.de/10010265602
By studying the interaction between social capital and decentralization, we show that political decentralization can be a source of divergence across heterogeneous regions. In particular, we claim that since the local endowments of social capital display their effect on the economy mainly...
Persistent link: https://www.econbiz.de/10009757366
The existing literature on Indian growth finds no evidence of convergence across states. This represents a puzzle given the relatively free flows of capital, labor and commodities across state borders. We use a new data set of district level income and socio-economic data to explore the...
Persistent link: https://www.econbiz.de/10010208649
market development could, therefore, turn out to be key. -- Business cycle accounting ; rebalancing growth ; financial …
Persistent link: https://www.econbiz.de/10003758478
We study a quality-ladder model of endogenous growth that produces stochastic leadership cycles. Over a cycle, industry leaders can innovate several successive times in the same industry, gradually increasing the magnitude of their technological lead before being replaced by a new entrant....
Persistent link: https://www.econbiz.de/10008702831