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We use the two-sector specific factors model, which is known from the theory of international trade, in a growth context to describe major trends of long-run economic development. The endogenous technical progress functions establish the link between the agricultural and the manufacturing sector...
Persistent link: https://www.econbiz.de/10010194634
This paper examines the effect of agricultural development on a country's overall development and growth experience. In most poor countries, large fractions of land, labor, and other productive resources are devoted to producing food for subsistence needs. This 'food problem' can delay a...
Persistent link: https://www.econbiz.de/10011611950
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We calibrate a simple neoclassical model of structural transformation to a set of Latin American countries and show that slow growth in agricultural productivity can substantially delay the development process and result in significant differences in per capita incomes. Some of our results...
Persistent link: https://www.econbiz.de/10009515831
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We test the reproducibility and replicability of Dincecco et al. (2022), which reports a positive relationship between pre-colonial interstate warfare and long-run development patterns across India. Overall, we confirm that all of the study's estimates are computationally reproducible by using...
Persistent link: https://www.econbiz.de/10014294220
This paper examines how relative factor endowments and population growth rates affect growth rates in less developed countries. To answer these questions an extension of the Uzawa-Lucas endogenous growth model is used. The paper proves the existence and uniqueness and of the modified model and...
Persistent link: https://www.econbiz.de/10014029131
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This work assesses Lebanon's development experience during 1948-2002, a case study of laissez-faire performance over more than 50 years. The text analyzes the strong monetary crisis of the mid-1980s and the reconstruction policy that produced weak growth and high government indebtedness
Persistent link: https://www.econbiz.de/10012673165