This study explores the economic consequences of earthquakes. In particular, it is investigated how exposure to earthquakes affects economic growth both across and within countries. The key result of the empirical analysis is that while there are no observable effects at the country level,...

This paper offers a concise survey on the literature of growth empirics applying to DCs. It is argued that there is a number of important stylised facts of economic growth relevant to DCs which are not included in the corresponding lists of Kaldor and Romer. In contrary to the usual procedure,...

Over the past sixty years, the concept of development has expanded from economic growth and investment, to poverty reduction, human development, sustainable development, and more recently to institutional development. There has also been a fresh look at industrial policy and the role of the...

This study investigates the pro-poorness of income growth in Nigeria. Using nationally representative data for 1996 and 2004, overall income growth in Nigeria was found not to be pro-poor. The richer segments of the population appropriate greater share of benefits from economic growth. Household...

Im Verlauf der rasanten wirtschaftlichen Entwicklung Chinas haben sich enorme regionale Unterschiede herausgebildet. In der leistungsstärksten Provinz (Shanghai) war das Pro-Kopf-Einkommen 2007 fast zehnmal so hoch wie in der wirtschaftlich schwächsten Provinz (Guizhou). Eine Verringerung der...

Knowledge is recognized as a crucial element of economic growth in addition to physical capital and labor. Knowledge can be transformed into products and processes and is, in this way, exploited commercially. The ability to produce, identify, and exploit knowledge depends on the existing...

The present paper examines the economic development perspectives of the manufacturing sector of 31 major West German regions in the process of globalisation. Public statistics do not provide FDI data on a regional basis. Therefore our study was based on indicators based on the data from the...

Wirtschaftskraft, Einkommen und Beschäftigung klaffen innerhalb der Europäischen Union (EU) weit auseinander - sowohl innerhalb als auch zwischen den Mitgliedsstaaten. Der Abbau dieses Gefälles ist das erklärte politische Ziel auf europäischer wie nationaler Ebene. Obwohl sich die...

Based on a sample of 1,084 European regions (EU 15) over the period of 1995-2004, we estimate the determinants of regional growth of GDP per capita, allowing for both spatial lag and spatial error dependence. We find that robust LM tests cannot reject the null hypothesis of no spatial dependence...