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An important stylized fact about African economic development is the phenomenon of urbanization without structural …
Persistent link: https://www.econbiz.de/10015053974
n this paper we determine the main driving forces underlying the structural transformation and urbanization process in … barriers played in China's growth and urbanization. We find that the primary drivers for real per capita GDP growth are … migration cost reduction and skill accumulation. While trade liberalization is important for urbanization during the transition …
Persistent link: https://www.econbiz.de/10011421588
Rapid urbanization is an important characteristic of African development and yet the structural transformation debate … foreign trade) and benefits from urbanization (internal migration and agglomeration effects). Simulations suggest that urban … national growth. Given these trade-offs, we conclude that the urbanization's benefits argue against an "agro …
Persistent link: https://www.econbiz.de/10009545470
In this paper we determine the main driving forces underlying the structural transformation and urbanization process in … barriers played in China's growth and urbanization. We find that the primary drivers for real per capita GDP growth are … migration cost reduction and skill accumulation. While trade liberalization is important for urbanization during the transition …
Persistent link: https://www.econbiz.de/10012997164
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10010231008
China's Industrial Transfer Policy (ITP) is a novel place-based development policy of unprecedented scale. The policy targets a set of inland cities aiming to i) grow them in size and ii) restructure them into manufacturing hubs. These cities would eventually relieve pressure in China's coastal...
Persistent link: https://www.econbiz.de/10014505370
We study capital flows in a panel of 130 countries, and derive the implications for the observed patterns of capital flows and capital controls before and into the crisis of 2008–11. We find that the size of capital flows is positively correlated with country's income level. In addition,...
Persistent link: https://www.econbiz.de/10010588397
Using state-level data from India over the period 1983 to 2005, this paper gauges the effect of financial deepening and outreach on rural poverty. Following the 1991 liberalization episode, we find a strong negative relationship between financial deepening, rather than financial breadth, and...
Persistent link: https://www.econbiz.de/10011083926
Persistent link: https://www.econbiz.de/10003764113
Persistent link: https://www.econbiz.de/10011433089