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whether or not it is a useful model for future national economic development initiatives …
Persistent link: https://www.econbiz.de/10012772423
This paper presents an explanation of how the dynamic but uncertain process of economic development and growth occurs …. It shows that economic development leads to structural change, an enhancement of capabilities and path dependence in the … enhancement of facilitative policies will be required to improve New Zealand’s economic performance. However, the development of …
Persistent link: https://www.econbiz.de/10008860737
In spite of the great U-turn that saw income inequality rise in Western countries in the 1980s, happiness inequality has dropped in countries that have experienced income growth (but not in those that did not). Modern growth has reduced the share of both the "very unhappy" and the "perfectly...
Persistent link: https://www.econbiz.de/10010252825
-industrial economic conditions. We hypothesize that if these countries are arrayed on a continuum of pre-industrial development such as …
Persistent link: https://www.econbiz.de/10010420247
-industrial economic conditions. We hypothesize that if these countries are arrayed on a continuum of pre-industrial development such as …
Persistent link: https://www.econbiz.de/10011504438
Bayesian dynamic stochastic general equilibrium (DSGE) models combine microeconomic behavioural foundations with a full-system Bayesian likelihood estimation approach using key macro-economic variables. Because of the usefulness of this class ofmodels for addressing questions regarding the...
Persistent link: https://www.econbiz.de/10009355420
This paper deals with some structural indicators and their evolution, in China and regions, over the period 1981 …
Persistent link: https://www.econbiz.de/10009732274
A renewed interest in explaining growth in the Caribbean countries is motivated by the somewhat slow but uneven performance in the past decade: per capita GDP gaps in Caribbean countries have widened in relation to the United States, whereas standard theories would predict convergence. This...
Persistent link: https://www.econbiz.de/10011292983
This paper seeks to address shortcomings in the growth literature – neoclassical growth theory and growth accounting. Specifically, the paper reformulates our understanding of the process of technical change, so that we view Hicks- and Harrod-neutral technical change as consistent, inseparable...
Persistent link: https://www.econbiz.de/10012983982
Luigi Pasinetti’s work has deeply affected modern economic theory. His papers on the Cambridge Capital Controversy are world renowned. But he has made many other contributions to the economic debates of the last half century, offering not only detailed criticisms of mainstream economic theory,...
Persistent link: https://www.econbiz.de/10014127679