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Bayesian dynamic factor model. The essay finds that volatility increased in the interwar periods, which is reversed after World …
Persistent link: https://www.econbiz.de/10009467169
planning and implementation. The World Bank heralds both countries as prime examples of how market-friendly capitalist systems … Tunisia one of 5.1%. To put that in perspective, the World as-a-whole has grown at 2.0% per year and the United States at 1 … underlying causes of this consistently well above average growth in answering several key questions: What policies did the World …
Persistent link: https://www.econbiz.de/10009439124
The first price runs for Korean rice help us develop a Smithian physiocratic model to explain the low, stable prices of the eighteenth century and the rising, volatile prices of the nineteenth. Ownership rights provided incentives, and productivity after 1600 exceeded subsistence to achieve...
Persistent link: https://www.econbiz.de/10009441404
This paper reassesses the debate over the role of education in farm production in Bangladesh using a large dataset on rice producing households from 141 villages. Average and stochastic production frontier functions are estimated to ascertain the effect of education on productivity and...
Persistent link: https://www.econbiz.de/10009441511
Sanjaya Lall saw economic development as an evolutionary process, with technological learning at its heart. This essay lays out the key differences between an evolutionary theory of economic activity and change, and the neoclassical theory as articulated in economic text books. It argues that...
Persistent link: https://www.econbiz.de/10009441525
world. The aim of this article is to analyse the driving forces and socio-economic environment in the formation of the …
Persistent link: https://www.econbiz.de/10009446438
Despite the voluminous literature on North-South macroeconomic interactions and the key role of terms of trade variations in growth transmission from one region to another, a significant research gap persists for two reasons. First, there has been very little empirical work on testing of the...
Persistent link: https://www.econbiz.de/10009467783
This dissertation explores how economic institutions governing finance and investment have contributed to growth in reform-era China. Economic and political reforms transformed Chinas prior centrally-planned economy. Although reforms incorporated elements of market institutions and private...
Persistent link: https://www.econbiz.de/10009467832
The emergence of the international debt crisis in the 1980s is typically explained through exogenous shocks to the global economic system, first generating excess liquidity and then creating conditions which render previously attractive lending operations unprofitable. Thus, the international...
Persistent link: https://www.econbiz.de/10009467834
This dissertation analyzes the conditions that explain the dynamism of socio-territorial systems of firms and examines how these systems can foster local industrialization and reduce urban poverty in Peru. The theoretical argument builds upon the concepts of external economies, industrial...
Persistent link: https://www.econbiz.de/10009467838