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Persistent link: https://www.econbiz.de/10010334925
The paper celebrates John Fei's life and contributions to economics by viewing them in the context of recent theoretical and empirical literature on the economics and politics of growth. It summarizes the lessons from the literature and development experience since the end of the second world...
Persistent link: https://www.econbiz.de/10010369137
Openness appears to have a strong impact on economic growth especially in DCs, which typically exhibit a high share of physical capital in factor income and a low share of labor. In the neoclassical growth model with partial capital mobility, physical capital?s share in factor income determines...
Persistent link: https://www.econbiz.de/10010314079
Translated to a cross-country context, the Solow model (Solow, 1956) predicts that international differences in steady state output per person are due to international differences in technology for a constant capital output ratio. However, most of the cross-country growth literature that refers...
Persistent link: https://www.econbiz.de/10010272976
do not examine the determinants of the level of per capita income as an indication that a certain theory has better …
Persistent link: https://www.econbiz.de/10010285333
This study examines the export-led growth hypothesis using annual time series data from Chile in a production function framework. It addresses the problem of specification bias under which previous studies have suffered and focuses on the impact of manufactured and mining exports on productivity...
Persistent link: https://www.econbiz.de/10010265043
The ongoing debate of the literature on learning-by-exporting is whether the conspicuously stellar performance of exporters relative to non-exporters can be, at least partially, attributed to the horizonwidening interaction with foreign consumers and learning of cost-efficient and quality...
Persistent link: https://www.econbiz.de/10010270034
This paper challenges the common view that exports generally contribute more to GDP growth than a mere change in export volume, as the export-led growth hypothesis predicts. Applying heterogeneous panel cointegration techniques to a production function model with non-export GDP as the dependent...
Persistent link: https://www.econbiz.de/10010281816
This paper challenges the common view that exports generally contribute more to GDP growth than a pure change in export volume, as the export-led growth hypothesis predicts. Applying panel cointegration techniques to a production function with non-export GDP as the dependent variable, we find...
Persistent link: https://www.econbiz.de/10010286623
Persistent link: https://www.econbiz.de/10011696466