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India and Pakistan, the two largest economies in South Asia, share a common border, culture and history. Despite the … benefits of proximity, the two neighbors have barely traded with each other. In 2011, trade with Pakistan accounted for less … than half a percent of India's total trade, whereas Pakistan's trade with India was 5.4 percent of its total trade. However …
Persistent link: https://www.econbiz.de/10012974256
Growth is an important channel for poverty reduction. Policies to make growth more "inclusive" have permeated the development debate and "pro-poor growth" has been the subject of a wide range of papers in the literature, including issues related to measurement, modeling, and policy. However, the...
Persistent link: https://www.econbiz.de/10012967288
Ethiopia has experienced a growth acceleration over the past decade on the back of an economic strategy emphasizing public infrastructure investment and supported by heterodox macro-financial policies. To analyze the country?s growth performance during 2000?13, the paper employs a neoclassical...
Persistent link: https://www.econbiz.de/10012971637
Is there a "middle income trap" ? Theory suggests that the determinants of growth at low and high income levels may be different. If countries struggle to transition from growth strategies that are effective at low income levels to growth strategies that are effective at high income levels, they...
Persistent link: https://www.econbiz.de/10012972493
With urban industrialization on the scale achieved by East Asian economies looking increasingly less plausible, small economies in Africa need an alternative strategic approach to long-term growth. The purpose of this paper is to identify a growth strategy with the greatest potential for small,...
Persistent link: https://www.econbiz.de/10012912289
Although Kenya's financial system is by far the largest and most developed in East Africa and its stability has improved significantly over the past years, many challenges remain. This paper assesses the stability, efficiency, and outreach of Kenya's banking system, using aggregate, bank-level,...
Persistent link: https://www.econbiz.de/10012976347
Governments are resource and bandwidth constrained, and hence need to prioritize productivity-enhancing policies. To do so requires information on the nature and magnitude of market failures on the one hand, and government's capacity to redress them successfully on the other. The paper reviews...
Persistent link: https://www.econbiz.de/10014121437
This paper contributes to the predominant diversification debate that has been ongoing in Trinidad and Tobago for more than three decades. The paper makes a determination of the key impediments to the country's attempts at diversification. Econometric techniques are applied on panel data to...
Persistent link: https://www.econbiz.de/10012973306
This paper examines the relationship between entry regulation and the business interests of former President Ben Ali's family using firm-level data from Tunisia. Connected firms account for a disproportionate share of aggregate employment, output and profits, especially in sectors subject to...
Persistent link: https://www.econbiz.de/10012973385
Industrial parks are as popular as they are controversial, in India and globally. At their best they align infrastructure provision and agglomeration economies to jolt industrial growth. More often, they generate negative spill-overs, provide handouts, sit empty, or simply do not get built. This...
Persistent link: https://www.econbiz.de/10012973442