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By international standards, gross domestic product (GDP) per capita in Latin America is low: around one fourth of that of the United States. Moreover, in the last five decades, Latin America has failed to catch-up in wealth to the level of the United States while other countries at similar or...
Persistent link: https://www.econbiz.de/10009144869
  <span style="font-size: 12.000000pt; font-family: 'CMR12';">By international standards, gross domestic product (GDP) per capita in Latin America is low: around one fourth of that of the United States. Moreover, in the last five decades, Latin America has failed to catch-up in wealth to the level of the United States while other countries at similar...</span>
Persistent link: https://www.econbiz.de/10011152787
that these effects can result from policies that do not rely on aggregate capital accumulation or aggregate relative price … differences. More generally, the model can be used to generate differences in capital accumulation, relative prices, and measured …
Persistent link: https://www.econbiz.de/10005069660
aggregate capital accumulation or aggregate relative price differences. More generally, the model can be used to generate … differences in capital accumulation, relative prices, and measured TFP …
Persistent link: https://www.econbiz.de/10005051415
By international standards, gross domestic product (GDP) per capita in Latin America is low: around one fourth of that of the United States. Moreover, in the last five decades, Latin America has failed to catch-up in wealth to the level of the United States while other countries at similar or...
Persistent link: https://www.econbiz.de/10010897038
rely on aggregate capital accumulation or aggregate relative price differences. More generally, the model can be used to … generate differences in capital accumulation, relative prices, and measured TFP. …
Persistent link: https://www.econbiz.de/10005771717
Consider the following facts. In 1950 the richest ten-percent of countries attained an average of 8 years of schooling … whereas the poorest ten-percent of countries attained 1.3 years, a 6-fold difference. By 2005, the difference in schooling … declined to 2-fold. The fact is that schooling has increased faster in poor than in rich countries. What explains educational …
Persistent link: https://www.econbiz.de/10010850127
Consider the following facts. In 1950, the richest countries attained an average of 8 years of schooling whereas the … poorest countries 1.3 years, a large 6-fold difference. By 2005, the difference in schooling declined to 2-fold because … schooling increased faster in poor than in rich countries. What explains educational attainment differences across countries and …
Persistent link: https://www.econbiz.de/10010850131
schooling whereas the poorest ten-percent of countries attained 1.3 years, a 6-fold difference. By 2005, the difference in … schooling declined to 2-fold. The fact is that schooling has increased faster in poor than in rich countries. What explains … capital accumulation with two novel but important features: non-homotetic preferences and an operating labor supply margin. We …
Persistent link: https://www.econbiz.de/10010850133
Consider the following facts. In 1950, the richest countries attained an average of 8 years of schooling whereas the … poorest countries 1.3 years, a large 6-fold difference. By 2005, the difference in schooling declined to 2-fold because … schooling increased faster in poor than in rich countries. What explains educational attainment differences across countries and …
Persistent link: https://www.econbiz.de/10010945617