Showing 1 - 10 of 12
This paper develops a stylized multi-sector growth model of China's economy. We choose a neoclassical modeling approach and focus on the reform process under Deng Xiaoping as China's main growth driver since 1978. Following the literature, we distinguish between three major reform periods,...
Persistent link: https://www.econbiz.de/10012962973
In our paper, we modify the concept of the middle-income trap (MIT) against the background of the Fourth Industrial Revolution and the (future) challenges of automation (creating the concept of the “MIT 2.0”). In particular, we analyze the impacts of automation, artificial intelligence, and...
Persistent link: https://www.econbiz.de/10012909722
The so-called ‘deep determinants' of economic growth and development (namely, geography, institutions, and integration) have been found to be decisive for the break out of stagnation and for explaining cross-country income differences by many empirical studies. However, so far, very little has...
Persistent link: https://www.econbiz.de/10012941641
The fundamental, underlying factors of development are often neglected when analyzing the question why countries experience a growth slowdown at the middle-income range. Although these so-called ‘deep determinants' such as geography and institutions have been found to be decisive for the break...
Persistent link: https://www.econbiz.de/10012941654
There is an ongoing debate within the economic growth and development literature whether institutions or human capital are more decisive for explaining differences in economic performance across countries. Our study adds further arguments to this discussion by focusing on 35 European countries....
Persistent link: https://www.econbiz.de/10012872014
There is a significant body of literature arguing that institutional quality is the key for long run economic growth and development. While the majority of these studies are based on cross-country growth regression, in our paper, we focus on the institution-economic growth nexus within a...
Persistent link: https://www.econbiz.de/10012922275
a necessary precondition. While the goal of this income and institutional convergence was successfully achieved over a … long period of time, this convergence development has weakened or even turned into divergence in the last one to two … decades. This paper provides an overview of the empirical evidence for these convergence and divergence developments and …
Persistent link: https://www.econbiz.de/10012485017
This paper develops a stylized multi-sector growth model of China's economy. We choose a neoclassical modeling approach and focus on the reform process under Deng Xiaoping as China's main growth driver since 1978. Following the literature, we distinguish between three major reform periods,...
Persistent link: https://www.econbiz.de/10012205644
The fundamental, underlying factors of development are often neglected when analyzing the question why countries experience a growth slowdown at the middle-income range. Although these so-called `deep determinants' such as geography and institutions have been found to be decisive for the break...
Persistent link: https://www.econbiz.de/10012205933
The so-called 'deep determinants' of economic growth and development (namely, geography, institutions, and integration) have been found to be decisive for the break out of stagnation and for explaining cross-country income differences by many empirical studies. However, so far, very little has...
Persistent link: https://www.econbiz.de/10012205937