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Using the method of Caballero and Lyons (1990, 1992), I examine detailed Swedish manufacturing firm-level data on output and factor inputs from 1979 through 1994. Panel regressions show that an increase in aggregate output and inputs appears to raise individual firms production beyond private...
Persistent link: https://www.econbiz.de/10011584498
Proposed alternatives to GDP as a measure of social welfare or human progress are briefly evaluated. Four main categories are considered, namely ISEW and GPI based on corrections of GDP, sustainable or green(ed) GDP, genuine savings/investments and composite indexes. All these alternatives turn...
Persistent link: https://www.econbiz.de/10010430649
Only a decade ago, Africa’s socioeconomic growth potential was confined to the doldrums and back alley of underdevelopment. Today, the international media continues to be abuzz with common memes such as ‘Africa Rising’ and ‘The Final Investment Frontier’ amongst others. Many writers...
Persistent link: https://www.econbiz.de/10014128017
In a strong sense, corruption is an epidemic that coexists with anthropogenic moral structure and behavior. However, the impacts of institutional corruption can lead to distortions in business cycles and drastic damages to a country's collective economic and social performance. In this essay, we...
Persistent link: https://www.econbiz.de/10013124904
externalities. Entering the market through that structure leads to designing basic equations of its dynamics and to finding …
Persistent link: https://www.econbiz.de/10012851670
tertium movens of growth: negative externalities. These externalities can be of two kinds. The first are positional … externalities, i.e. those due the fact that individuals may be interested in relative not absolute position. The second kind of … negative externalities are those which reduce free goods. Some recent models, both evolutionary or with optimising agents, show …
Persistent link: https://www.econbiz.de/10014074601
-reduction-oriented labour-industry promotion vs overall productivity increase; and complementary role of IT services for industrial …
Persistent link: https://www.econbiz.de/10011646272
This article explores the dynamics of market selection by investigating of the relationships linking productivity, profitability, investment and growth, based on China's manufacturing firm-level dataset over the period 1998 - 2007. First, we find that productivity variations, rather than...
Persistent link: https://www.econbiz.de/10010500809
Except for the Philippines between 1896 and 1939, Southeast Asia was never part of the century-long East Asian industrial catching up until after World War II. Before the 1950s, Southeast Asian manufacturing hardly grew at all: while commodity export processing did grow fast, import-competing...
Persistent link: https://www.econbiz.de/10010530526
The structure of the Nigerian economy is typical of an underdeveloped country. The primary sector, in particular, the oil and gas sector, dominates the gross domestic product accounting for over 95 per cent of export earnings and about 85 per cent of government revenue between 2011 and 2012. The...
Persistent link: https://www.econbiz.de/10010233106