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in 'growth drivers' which can account for differences in supply-side performance, especially in periods in which major …
Persistent link: https://www.econbiz.de/10009649627
Do legal institutions governing financial contracts affect the nature of real investments in the economy? We develop a simple model and provide evidence that the answer to this question is yes. We consider a levered firm's choice of investment between innovative and conservative technologies, on...
Persistent link: https://www.econbiz.de/10005136739
This research advances the hypothesis that natural land productivity in the past, and its effect on the desirable level of cooperation in the agricultural sector, had a persistent effect on the evolution of social capital, the process of industrialization and comparative economic development...
Persistent link: https://www.econbiz.de/10011111722
hypothesis of growth transitions. The results show that the first phase of India’s faster-growing regime during 1980-2002 was … significant amount of untapped long-run growth potential. Consistent with the prediction of the model, the growth surge … experienced during 2003-2007 reflects the capital accumulation-driven part of the growth transition. Despite the turbulent years …
Persistent link: https://www.econbiz.de/10010842589
Persistent link: https://www.econbiz.de/10010884706
-country convergence of per capita GDP, to what extent they operate in practice, and the implications for policies, including those … requiring plausible long-term projections of economic growth by country or region. The workshop included presentations by …
Persistent link: https://www.econbiz.de/10005046090
We construct a model that combines elements of endogenous growth with the convergence implications of the neoclassical … costs to increase reduces followers' growth rates and thereby generates a pattern of conditional convergence. We discuss how … growth model. In the long run the world growth rate is driven by discoveries in those economies that lead in their use of …
Persistent link: https://www.econbiz.de/10005504608
statistically significant correlation between growth and non-income HDI improvements over a forty year period. We also examine some …
Persistent link: https://www.econbiz.de/10010611335
explanations that are covered include fiscal stabilisation, tax cuts, delayed convergence, privatisation and deregulation, strong … growth in export markets, supply of labour, education, the single European market, EU structural funds, social partnership …
Persistent link: https://www.econbiz.de/10010598843
The existing literature on Indian growth finds no evidence of B convergence across states. This represents a puzzle … convergence rates across 575 Indian districts and find that the pattern of absolute B- divergence remains. To explain this we … develop a model of conditional convergence that includes a gravity indicator of trade and migration costs - specifically the …
Persistent link: https://www.econbiz.de/10010706359