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Whether China continues its current energy-intensive growth path or adopts a sustainable development prospect has … contributes to an economic exposition of China's potential transition from an energy-intensive to an innovation-led growth path …. We find that in China's initial growth period the small amount of capital stock creates higher dynamic benefits of …
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American countries: Brazil, Chile and Mexico, studying a small open economy in the context of an endogenous growth model where … labor taxes should be lower than actual taxes in Brazil and Chile. However, while sub-optimal taxes seem to imply lower long …, Chilean and Mexican economies. The findings suggest that, in order to implement the optimal tax regime, Brazil must tax …
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This paper studies the impact that import competition from China had on firms performance in the manufacturing sector … in Peru in 2005-2015. Using a firm-level dataset that covers the universe of firms in the formal sector, our results … cumulative impact on net sales when we account for longer timeframes. Looking at import competition from China in third markets …
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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...
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