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Persistent link: https://www.econbiz.de/10011843474
We construct an endogenous growth model that includes a cultural variable along the dimension of individualism-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with innovation in an individualist culture. This cultural...
Persistent link: https://www.econbiz.de/10013137792
This study explores the question of structural change and inclusive development in South Africa and Brazil. Using Census data from the two countries, the analysis combines a household level multidimensional indicator of well-being with the applications of growth incidence curves and a sectoral...
Persistent link: https://www.econbiz.de/10010465459
Africa has come a long way since the economic turmoil of the 1980s, the decade of "structural adjustment". Growth has been strong, yet poverty remains high. Underlying the shortage of good livelihoods and high social inequality is the lack of diversification in Africa's economies-in contrast to...
Persistent link: https://www.econbiz.de/10011396968
Much of the recent interest in the relationship between growth and distribution has focused on advanced economies and neglected issues of development and structural transformation. The purpose of this paper is to make a contribution to this gap by arguing that, even in the short-run, some of the...
Persistent link: https://www.econbiz.de/10012024613
Many empirical questions about economic growth and development are left open due to the lack of long time series of reliable GDP estimates. The share of the labor force employed in agriculture can fill this gap. Agricultural employment shares are highly correlated with GDP per capita, less prone...
Persistent link: https://www.econbiz.de/10014140099
This paper examines whether growth regressions should incorporate dualism and structural change. If there is a differential across sectors in the marginal product of labour, changes in the structure of employment can raise aggregate total factor productivity. The paper develops empirical growth...
Persistent link: https://www.econbiz.de/10011451098
Japan, an isolated, backward country in the 1860s, industrialized rapidly to become a major industrial power by the … over a single generation. China now seems poised to follow a similar trajectory. All three cases highlight the importance …
Persistent link: https://www.econbiz.de/10012947898
Persistent link: https://www.econbiz.de/10011492754
This paper examines China and Africa co-operation from the angle of structural transformation as a major driver of … growth and job creation. Being a bit ahead in the structural transformation process, China can provide ideas, tacit knowledge …, opportunities as well as development finances in Africa's transformation. We review critical parts of China's transformation to see …
Persistent link: https://www.econbiz.de/10010246053