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Levels of economic development vary widely within countries in the Americas. This paper argues that part of this variation has its roots in the colonial era. Colonizers engaged in different economic activities in different regions of a country, depending on local conditions. Some activities were...
Persistent link: https://www.econbiz.de/10013135470
This analysis examines the relationship between nonrenewable resource dependence, economic growth and income inequality …
Persistent link: https://www.econbiz.de/10012967897
variable -- for example, gross domestic product growth, inflation, population growth, poverty headcount, among others … surveys on expectations and implied statistics of predictive models. The BCEF procedure is applied to produce world GDP growth …
Persistent link: https://www.econbiz.de/10012901276
Economic development should be conceived of as the degree to which an economy has implemented an efficient and just distribution of economic resources. The ubiquitous measure of GDP per capita reflects a utilitarian conception of justice, where individual utility is defined as personal income,...
Persistent link: https://www.econbiz.de/10012974166
vitally important to the development community, especially for the developing world, where income growth is a high priority …
Persistent link: https://www.econbiz.de/10012975841
Can increasing sophistication in service exports lead to economic growth? Although services were historically produced … an index of "service exports sophistication" to document this phenomenon. Panel data estimations indicate a positive … association between growth in per capita income and higher sophistication of service exports. The results also suggest that this …
Persistent link: https://www.econbiz.de/10012976086
has raised concerns whether public debt is starting to hit levels where it might negatively affect economic growth. Does … such a tipping point in public debt exist? How severe would the impact of public debt be on growth beyond this threshold … threshold, each additional percentage point of debt costs 0.017 percentage points of annual real growth. The effect is even more …
Persistent link: https://www.econbiz.de/10012976419
This paper assesses the role of ideas in economic change, combining economic and historical analysis with insights from psychology, sociology and anthropology. Belief systems shape the system of categories ( "pre-confirmatory bias" ) and perceptions (confirmatory bias), and are themselves...
Persistent link: https://www.econbiz.de/10012976669
The virus that triggered a localized shock in China is now delivering a significant global shock. This study simulates the potential impact of COVID-19 on gross domestic product and trade, using a standard global computable general equilibrium model. It models the shock as underutilization of...
Persistent link: https://www.econbiz.de/10012837348
This paper provides up-to-date characterization of the association between trade and GDP comovement -- also called the trade comovement slope -- for 150 countries from 1962 to 2011. The paper shows that trade is significantly linked to more GDP correlation, either directly through bilateral...
Persistent link: https://www.econbiz.de/10012857746