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ECONOMIC PERFORMANCE THROUGH TIME: A GENERAL EQUILIBRIUM MODEL

CHENG, WENLI; ZHAO, XIAONAN - In: Division of Labor & Transaction Costs (DLTC) 03 (2008) 01, pp. 7-16

This paper presents a simple general equilibrium model of economic performance through time. The model incorporates four main determinants of economic performance: technology, capital investment, the division of labor and quality of institutions. It demonstrates that growth is not automatic even...

Persistent link: https://www.econbiz.de/10004971817

The exchange rate, diversification, and distribution in a modified Ricardian model with a continuum of goods

Razmi, Arslan - 2011

Several recent empirical and theoretical studies have revived interest in the relationship between the level of the exchange rate and economic development. This paper develops a dynamic model based on the Ricardian framework with a continuum of goods to consider the issue from a somewhat...

Persistent link: https://www.econbiz.de/10009407795

Redistribución o Crecimiento (Redistribution or Growth)

Véliz Torresano, José - 2015

globalization the cause of the widening gap between rich and poor? The empirical results of several studies indicates that trade … liberalization is a powerful tool to achieve consistent economic growth, contrary to what this evidence says about globalization and … financial innovation. This rapid growth of globalization, liberalization has been enough to achieve development? This paper aims …

Persistent link: https://www.econbiz.de/10013035999

FDI and unemployment, a growth perspective

Stepanok, Ignat - 2018

North-South foreign direct investment (FDI) is frequently viewed as a process in which jobs relocate from the North to the South. I build a growth model with two asymmetric trading economies, the North where firms innovate and the South where Northern firms invest to take advantage of lower...

Persistent link: https://www.econbiz.de/10011816895

Superstars or Supervillains?$bLarge Firms in the South Korean Growth Miracle

Choi, Jaedo; Levchenko, Andrei A.; Ruzic, Dimitrije; … - National Bureau of Economic Research - 2024

We quantify the contribution of the largest firms to South Korea's economic performance over the period 1972-2011. Using firm-level historical data, we document a novel fact: firm concentration rose substantially during the growth miracle period. To understand whether rising concentration...

Persistent link: https://www.econbiz.de/10014635611

Globalization, infrastructure, and inclusive growth

Winters, Leonard Alan - 2014

This paper covers threes issues: first, defining and measuring inclusive growth; second, the relationship between international trade and inequality; and third, the links between infrastructure and inequality. Both international trade and infrastructure make it easier for people to exchange...

Persistent link: https://www.econbiz.de/10010245334