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The authors study how the effect of trade openness on economic growth depends on complementary reforms that help a country take advantage of international competition. This issue is illustrated with a simple Harris-Todaro model where output gains after trade liberalization depend on the degree...
Persistent link: https://www.econbiz.de/10014061434
This paper studies the effects of regulation on economic growth and the relative size of the informal sector in a large sample of industrial and developing countries. Along with firm dynamics, informality is an important channel through which regulation affects macroeconomic performance and...
Persistent link: https://www.econbiz.de/10014063887
Adopting a legal definition of informality, this article studies the causes of informality in general and with a particular application to Peru. It starts with a discussion on the definition and measures of informality, as well as on the reasons why widespread informality should be of great...
Persistent link: https://www.econbiz.de/10005443344
Adopting a legal definition of informality, this paper studies the causes of informality in general and with a particular application to Mexico. It starts with a discussion on the definition and measures of informality. It then argues and provides evidence that informality is not only a...
Persistent link: https://www.econbiz.de/10008616819
Persistent link: https://www.econbiz.de/10003421023
Persistent link: https://www.econbiz.de/10008758802
Is there a tradeoff between raising growth and reducing inequality and poverty? This paper reviews the theoretical and … empirical literature on the complex links between growth, inequality, and poverty, with causation going in both directions. The … evidence suggests that growth can be effective in reducing poverty, but its impact on inequality is ambiguous and depends on …
Persistent link: https://www.econbiz.de/10012518886
This paper contributes to explain the cross-country heterogeneity of the poverty response to changes in economic growth …' wages and, thus, poverty alleviation. Then it presents cross-country empirical evidence that analyzes first, the … differential poverty-reducing impact of sectoral growth at various levels of disaggregation, and the role of unskilled labor …
Persistent link: https://www.econbiz.de/10012747900
Legal and accounting reform that strengthens creditor rights, contract enforcement, and accounting practices boosts financial development and accelerates economic growth.Levine, Loayza, and Beck evaluate:Whether the level of development of financial intermediaries exerts a casual influence on...
Persistent link: https://www.econbiz.de/10012786262
This paper evaluates (1) whether the exogenous component of financial intermediary development influences economic growth and (2) whether cross-country differences in legal and accounting systems (e.g., creditor rights, contract enforcement, and accounting standards) explain differences in the...
Persistent link: https://www.econbiz.de/10012788553