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-rich Arab world to achieve sustained growth, the Arab spring should not only bring democracy, as badly needed as it is, but …
Persistent link: https://www.econbiz.de/10010774230
different from other oil-rich countries. In five main ways, all of which suggest the need for economic diversification as an …
Persistent link: https://www.econbiz.de/10011093976
Twelve years into transition process, Serbia doesn’t have consistent, if any, let alone coherent economic development policy. This review is therefore aimed at Serbian (and alike transition countries’) policy-makers and stake-holders in an effort to distill the ever-green lessons available...
Persistent link: https://www.econbiz.de/10010969068
During the last few decades, many emerging markets have lifted restrictions on cross-border financial transactions. The conventional view was that this would allow these countries to: (i) receive capital in flows from advanced countries that would finance higher investment and growth; (ii)...
Persistent link: https://www.econbiz.de/10010851384
While Mexico’s growth performance has gradually improved over the past decades, its convergence toward OECD countries has been less rapid than in several other emerging markets. The recent significant reductions in import tariffs should help the economy take fuller advantage of trade and...
Persistent link: https://www.econbiz.de/10008498021
During the last few decades, many emerging markets have lifted restrictions on cross-border financial transactions. The conventional view was that this would allow these countries to: (i) receive capital inflows from advanced countries that would finance higher investment and growth; (ii) insure...
Persistent link: https://www.econbiz.de/10008784713
After evening out all the benefits and costs, the overall optimal level of democracy is about 3.2, on a scale of 1 to 7 … have a conditioned growth rate of 1.146 while countries with the optimal level of democracy/autocracy have a conditioned … growth rate of 2.665. In the case of a fully dictatorial country, moving one unit towards democracy can raise the GDP growth …
Persistent link: https://www.econbiz.de/10011210493
This paper analyses the e¤ect of a resource discovery on an open economy with endogenous directed technical change. Technical progress depends on entrepreneurs who produce (or adopt) technology, and endogenously choose which sector to operate in. The static e¤ect of a resource discovery is de-...
Persistent link: https://www.econbiz.de/10010551672
In this paper I investigate the competitiveness explanation of the resource curse: to what extent slow growth in primary producer countries is related to the properties of this pattern of trade specialization. To address this hypothesis that has not been adequately explored in the literature, I...
Persistent link: https://www.econbiz.de/10011149204
Persistent link: https://www.econbiz.de/10005399334