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The marginal product of capital : a persistent international puzzle
Chirinko, Robert S. (contributor);  … - 2008
Large and sustained differences in marginal products of capital (MPKs) across countries are sharply at odds with the … substantially affected by adjustment costs in the accumulation of capital. With the proper technology and a plausible … parameterization of adjustment costs, the MPK in poor countries is much higher than the MPK in rich countries. Why capital flows do not …
Persistent link: https://www.econbiz.de/10003751180
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Import substitution industrialisation and economic growth: Evidence from the group of BRICS countries
Adewale, Aregbeshola R. - In: Future Business Journal 3 (2017) 2, pp. 138-158
Governments in various countries, irrespective of the country׳s level of economic growth, seek to initiate macroeconomic policies towards achieving better economic performance in order to advance level of business activities and ultimately, ensure better quality of life for the people. To...
Persistent link: https://www.econbiz.de/10011937842
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Myanmar : unlocking the potential ; a strategy for high, sustained, and inclusive growth
Findlay, Ronald; Park, Cyn-Young; Verbiest, Jean-Pierre A. - 2015
Recognizing the need to formulate policy strategies for the changes it faces, Myanmar started a multifaceted reform process in 2011. But speeding up development requires a multipronged but more coherent strategy targeted at strong and resilient growth, employment generation and, ultimately,...
Persistent link: https://www.econbiz.de/10011305293
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Import substitution industrialisation and economic growth : evidence from the group of BRICS countries
Adewale, Aregbeshola R. - In: Future Business Journal 3 (2017) 2, pp. 138-158
Governments in various countries, irrespective of the country׳s level of economic growth, seek to initiate macroeconomic policies towards achieving better economic performance in order to advance level of business activities and ultimately, ensure better quality of life for the people. To...
Persistent link: https://www.econbiz.de/10011862095
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The Development of Local Capital Markets : Rationale and Challenges
Laeven, Luc - 2015
Capital markets can improve risk sharing and the efficiency with which capital is allocated to the real economy …, boosting economic growth and welfare. However, despite these potential benefits, not all countries have well developed capital … markets. Moreover, government-led initiatives to develop local capital markets have had mixed success. This paper reviews the …
Persistent link: https://www.econbiz.de/10013028671
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Development and sector labor income shares
Schäfer, Daniel - 2024
capital deepening is the primary driver of these patterns. Researchers can directly use the new dataset of labor shares to …
Persistent link: https://www.econbiz.de/10014540009
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Indices of social development and their application to Africa
Haan, Arjan de; Foa, Roberto - 2014
This paper, using a new set of social development indices, explores the measurement of social development across Africa, and how this relates to broader development patterns and measurement. Development practitioners worldwide increasingly recognize the importance of informal institutions, such...
Persistent link: https://www.econbiz.de/10010414808
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The effect of intelligence on financial development : a cross-country comparison
Kodila-Tedika, Oasis; Asongu, Simplice A. - 2015
2000-2010. Human capital is measured in terms of IQ, cognitive ability & cognitive skills, while financial development is … addition of social capital or ethnic fractionalization (institutions or income). (4) When continents are excluded to control …
Persistent link: https://www.econbiz.de/10011409062
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The Value of Luminosity Data as a Proxy for Economic Statistics
Chen, Xi - 2010
One of the pervasive issues in social and environmental research has been to improve the quality of socioeconomic data in developing countries. Because of the shortcoming of standard data sources, the present study examines luminosity (measures of nighttime lights) as a proxy for standard...
Persistent link: https://www.econbiz.de/10013138839
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The Five-Phases of Economic Development and Institutional Evolution in China and Japan
Aoki, Masahiko - 2012
(human capital based) and PD (post demographic-transition). But there are also marked differences in the onset, duration and …
Persistent link: https://www.econbiz.de/10013114387