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Setting standards: Information accumulation in development
Acemoglu, Daron; Zilibotti, Fabrizio - Department of Economics and Business, Universitat … - 1997
We propose a model in which economic relations and institutions in advanced and less developed economies differ as these societies have access to different amounts of information. This lack of information makes it hard to give the right incentives to managers and entrepreneurs. We argue that...
Persistent link: https://www.econbiz.de/10005772297
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Productivity Differences
Acemoglu, Daron; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2000
Many technologies used by the LDCs are developed in the OECD economies and are designed to make optimal use of the skills of these richer countries' workforces. Differences in the supply of skills create a mismatch between the requirements of these technologies and the skills of LDC workers, and...
Persistent link: https://www.econbiz.de/10005114308
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Productivity Differences
Acemoglu, Daron; Zilibotti, Fabrizio - Institute for International Economic Studies (IIES), … - 1998
Many technologies used by the LDCs are developed in the OECD economies, and as such, are used to make optimal use of the skills of these richer countries' workforces. Due to differences in the supply of skills, some of tasks performed by skilled workers in the OECD economies will be carried out...
Persistent link: https://www.econbiz.de/10005648718
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Information Accumulation in Development
Acemoglu, Daron; Zilibotti, Fabrizio - Institute for International Economic Studies (IIES), … - 1998
development, the share of financial intermediation carried out through market institutions should increase. …
Persistent link: https://www.econbiz.de/10005648754
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Setting Standards: Information Accumulation in Development
Acemoglu, Daron; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 1997
This paper proposes a model in which economic relations and institutions in advanced and less-developed economies differ as these societies have access to different amounts of information. This lack of information makes it hard to give the right incentives to managers and entrepreneurs. We argue...
Persistent link: https://www.econbiz.de/10005667121
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China’s Great Convergence and Beyond
Storesletten, Kjetil; Zilibotti, Fabrizio - In: Annual Review of Economics 6 (2014) 1, pp. 333-362
-income economy today. Based on this literature, we discuss the factors driving China’s development process. We provide a historical …
Persistent link: https://www.econbiz.de/10010886217
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Business Cycle during Structural Change : Arthur Lewis' Theory from a Neoclassical Perspective
Storesletten, Kjetil - 2019
We document that the nature of business cycles evolves over the process of development and structural change. In …
Persistent link: https://www.econbiz.de/10012863612
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Tertiarization Like China
Chen, Xilu; Pei, Guangyu; Song, Zheng Michael; … - National Bureau of Economic Research - 2022
We document a process of rapid tertiarization of the Chinese economy since 2005. The employment and value-added shares of the service sector have increased significantly. Moreover, total factor productivity growth has increased faster in the service sector than in the manufacturing sector....
Persistent link: https://www.econbiz.de/10013334489
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On foreign aid distortions to governance
Asongu, Simplice A. - 2014
The Kangoye (2013, TDE) findings on the negative nexus between foreign aid unpredictability and governance could seriously affect debates in academic and policy making circles. Using the theoretical underpinnings of the celebrated Eubank (2012, JDS) literature, we first confirm Kangoye's...
Persistent link: https://www.econbiz.de/10011390868
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A Development Consensus reconciling the Beijing Model and Washington Consensus: Views and Agenda
Asongu, Simplice A. - 2014
Reconciling the two dominant development models of the Washington Consensus (WC) and Beijing Model (BM) remains a … critical challenge in the literature. The challenge is even more demanding when emerging development paradigms like the Liberal … institutional diversity matter in the development process. We synthesize perspectives from over 150 recently published papers on …
Persistent link: https://www.econbiz.de/10011390877