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paper aims to add further arguments to this discussion by focusing on the concept of club convergence. In particular, we …
Persistent link: https://www.econbiz.de/10014091300
lack of real convergence. The paper investigates this …
Persistent link: https://www.econbiz.de/10010991726
Persistent link: https://www.econbiz.de/10010370394
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/10012611661
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/10012196394
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/10012196399
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/10012196400
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/10012196401
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") and discuss the implications for developing Asia. In particular, we analyze the impacts of...
Persistent link: https://www.econbiz.de/10012196404
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