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sector. This discrepancy in technological proximity between sectors influences the differential productivity growth rates in …
Persistent link: https://www.econbiz.de/10014333588
This paper proposes an empirical framework that relates poverty reduction to production growth. We use the GGDC …/UNU-WIDER Economic Transformation Database to measure the contribution to growth of productivity improvements within sectors and … change and productivity growth in manufacturing. An attribution exercise suggests that structural change and agricultural …
Persistent link: https://www.econbiz.de/10012799097
Employing propensity score reweighting and event-based strategies, we provide evidence that sustained real exchange rate (RER) misalignments have significant effects on economic development: positive on GDP per capita and capital stock in the case of undervaluation, and negative on the capital...
Persistent link: https://www.econbiz.de/10012807582
Growth is endogenous in small open economies with substantial hidden or open unemployment, even under constant returns … to scale. Growth promoting policies, however, have implications for the balance of trade, and two instruments are needed … in order to achieve targets for both the growth rate and the balance of trade. The real exchange rate can serve as one of …
Persistent link: https://www.econbiz.de/10003879782
Vulnerability to scarcity or to reduction of natural capital depends on defensive substitution possibilities that, in turn, are affected by the availability of other productive factors. However, in several developing countries asset distribution tends to be highly skewed. Taking into ac- count...
Persistent link: https://www.econbiz.de/10008700108
barriers played in China's growth and urbanization. We find that the primary drivers for real per capita GDP growth are … toward China's admission to the WTO it does not contribute much to real per capita GDP growth. During this transition process …
Persistent link: https://www.econbiz.de/10011421588
We set up a unified growth model with gender-specific differences in tastes for consumption, fertility, education of … education, and sluggish economic growth towards a state of low fertility, high education, and fast economic growth if the child …
Persistent link: https://www.econbiz.de/10010408491
Recent empirical studies have found a robust correlation between competitive exchange rates and economic growth in … of endogenous growth, even under constant returns to scale. Growth promoting policies, however, affect the external … balance, and two instruments are needed in order to achieve targets for both the growth rate and the trade balance. The real …
Persistent link: https://www.econbiz.de/10009273104
According to national accounts data, value added per worker is much higher in the non-agricultural sector than in agriculture in the typical country, and particularly so in developing countries. Taken at face value, this "agricultural productivity gap'' suggests that labor is greatly...
Persistent link: https://www.econbiz.de/10013091770
This paper presents an empirical exercise, aimed at investigating the implications on poverty and income distribution of a reference scenario (SSP2) of economic development. It does so by coupling a dynamic general equilibrium model of the global economy, specifically designed to capture...
Persistent link: https://www.econbiz.de/10012836919