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The new growth literature, using both endogenous growth and neoclassical models, has generated strong claims for the effect of national policies on economic growth. Empirical work on policies and growth has tended to confirm these claims. This paper casts doubt on this claim for strong effects...
Persistent link: https://www.econbiz.de/10014023772
Investment growth in emerging market and developing economies has slowed sharply since 2010. This paper presents a comprehensive analysis of the causes and implications of this slowdown and presents a menu of policy responses to improve investment growth. It reports four main results. First, the...
Persistent link: https://www.econbiz.de/10011635504
What do China, Estonia, Germany, India, Chile, South Korea and Slovakia all have in common? At first glance, not a lot. All have their own cultures, traditions and politics. But one important aspect of their histories unites them: They have all enacted free-market reforms, and have seen their...
Persistent link: https://www.econbiz.de/10014190730
The article provides a broad-based overview on competing development strategies and the economic performance of … developing countries, mainly since the year 2000. Four traditional mainstream development strategies are discussed (Washington … outward development with export-led growth, industrialisation or growth with predominant primary goods exports, foreign …
Persistent link: https://www.econbiz.de/10011300734
Persistent link: https://www.econbiz.de/10012588746
institutional theory of development based on a dichotomy of extractive vs. inclusive political institutions cannot explain China …
Persistent link: https://www.econbiz.de/10012904076
decades there has been a resurgence of political and historically-embedded explanations of economic development, which have … interactions, as drivers of long-term economic development. We then move beyond these paradigms to argue that explanations focused … on state capacity and state-led development have been largely overlooked by many historical political economists. A …
Persistent link: https://www.econbiz.de/10014243751
overall diversification. Another tool widely used by development practitioners—the Public Expenditure and Financial … inequality is especially pronounced among Africa’s eastern and western coastal countries, where more diversified islands and …
Persistent link: https://www.econbiz.de/10013228447
In this paper, we assess the role of investment in research and development (R&D) and economic policy uncertainty (EPU …
Persistent link: https://www.econbiz.de/10013169692
Government regulation is a double-edged sword. By restricting the inputs—capital, labor, technology, and more—that can be used in the production process, regulation shapes the economy and, by extension, living standards today and in the future. Applied effectively, regulation can foster a...
Persistent link: https://www.econbiz.de/10012956107