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This study challenges the traditional reliance on GDP as the sole indicator of the success of the EU's cohesion policy, aligning with the evolving academic discourse that calls for a broader spectrum of metrics incorporating social factors. The research aims to assess the impact of cohesion on...
Persistent link: https://www.econbiz.de/10014497010
This study investigates the economic growth and catch-up of the Republic of Korea over the past half-century. The gap of output per worker between the Republic of Korea and United States has decreased rapidly, as the Republic of Korea's lower per capita income, relative to its potential level,...
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This chapter analyzes the sources of Poland's unprecedented economic performance after 1989, when Poland became Europe …'s and the world's growth champion. I argue that this growth miracle was driven by five fundamental factors, including Poland …’s accession to the European Union. All five factors were critically important, but without accession to the EU, Poland's economic …
Persistent link: https://www.econbiz.de/10012653120
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The existing literature on Indian growth finds no evidence of convergence across states. This represents a puzzle given the relatively free flows of capital, labor and commodities across state borders. We use a new data set of district level income and socio-economic data to explore the...
Persistent link: https://www.econbiz.de/10010208649
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In recent years, a growing body of economic literature has focused on the phenomenon of the so-called middle-income trap (MIT). The term usually refers to countries that have experienced rapid growth and thus quickly reached middle-income status, but then failed to overcome that income range to...
Persistent link: https://www.econbiz.de/10012205654