Showing 1 - 10 of 330
This paper analyzes the Republic of Korea's rapid and sustained growth experience for the past six decades from the perspective of the neoclassical growth model (the workhorse model of the World Bank?s Long Term Growth Model (LTGM) project). Overall, the sources of Korea's growth were balanced...
Persistent link: https://www.econbiz.de/10012943809
the introduction of disaster funds, that is, ex-ante budgeting allocations for post-disaster reconstruction. So far the … implementation of disaster funds has been limited, in part because it is still unclear whether disaster funds provide a cost … reconstruction funds in Mexico, this paper provides some of the first estimates of the impact of disaster funds on local economic …
Persistent link: https://www.econbiz.de/10012968742
capital accumulates through increased density of capital at risk in a given area, (i) the probability of disaster occurrence … decreases with income; (ii) capital at risk ? and thus economic losses in case of disaster -- increases faster than economic …
Persistent link: https://www.econbiz.de/10012974933
plains), this paper shows that rapid development in these areas -- and the resulting increase in disaster losses -- may be … the consequence of a rational and well-informed trade-off between lower disaster losses and higher productivity. With … disasters possibly becoming less frequent but increasingly destructive in the future, average disaster losses may grow faster …
Persistent link: https://www.econbiz.de/10012976070
To analyze the effect of an increase in the quantity or quality of public investment on growth, this paper extends the World Bank?s Long-Term Growth Model (LTGM), by separating the total capital stock into public and private portions, with the former adjusted for its quality. The paper presents...
Persistent link: https://www.econbiz.de/10012909745
Ghana has experienced a decade of solid and exceptionally high growth. Between 2005 and 2015, income nearly doubled. This paper analyzes the factors driving this impressive growth performance, using tools such as structural change decompositions and growth regressions. For the comparative...
Persistent link: https://www.econbiz.de/10012895208
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
This paper reviews dynamic general equilibrium models in order to collect insights on the interaction between economic growth and environmental issues. The authors discuss the Ramsey model and extend it for natural resource inputs and pollution, as well as for endogenous technical change. Green...
Persistent link: https://www.econbiz.de/10012974895
Urban areas tend to have much more productive labor and higher salaries than rural areas, and there are vast differences across urban areas. Areas with high salaries and high productivity tend to have employers that invest in much more research and development than areas with low salaries and...
Persistent link: https://www.econbiz.de/10012973209
This paper investigates the effects of multiple weather shocks on household welfare in Mozambique, as well as some of the coping responses and price mechanisms at play. The analysis employs a triple-difference strategy that exploits variation in the shocks across space, time, and cropping...
Persistent link: https://www.econbiz.de/10012906910