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China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10010231008
Development accounting shows that a significant part of cross-country income differences is attributed to differences in total factor productivity (TFP), but the sources of TFP differences are not well understood. This paper considers the role of international trade to explain cross-country...
Persistent link: https://www.econbiz.de/10013017077
Protests come as a way to show disagreement on issues that concern the public or a group of people imposed on them by authorities in power. Government’s purpose is to regulate the country, and this however should be done with balance. There is an increase in the number of in protests in South...
Persistent link: https://www.econbiz.de/10013212862
We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational …-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour …" conditions, no information is acquired and no investment made. In "sweet" conditions, investment is made "blindly", i.e. without …
Persistent link: https://www.econbiz.de/10011667675
and significant. The study also found out that FDI (foreign direct investment), exports, inflation rate, and interest rate …
Persistent link: https://www.econbiz.de/10012952818
Rodrik (2016) pointed out that late industrializing countries are experiencing a lower peak at lower income levels in the manufacturing employment share hump-shaped path. The present study develops a theoretical model to analyze the dynamics of industrialization and deindustrialization in...
Persistent link: https://www.econbiz.de/10014333588
investment in respective samples of 37 and 34 SSA over the period 1980-2004. It also analyzes comparatively the effectiveness of … remittances and foreign aid in promoting savings and investment. OLS and instrumental variables (2SLS) with country fixed … savings and investment in SSA, meaning that contrary to most of conclusion found in the literature, migrant remittances in SSA …
Persistent link: https://www.econbiz.de/10013130389
Good infrastructure is linked to economic growth and development, without deny. The study explores five problematic infrastructure factors affecting development in Zimbabwe. The Zimbabwean nation has been struggling to recover from economic crisis which has bedevilled the economy for quite a...
Persistent link: https://www.econbiz.de/10012835152
This study aims to investigate the relationship between China's exchange rate, foreign direct investment (FDI) inflows … investment and human capital, as well as supervising the level of openness and capital controls …
Persistent link: https://www.econbiz.de/10012953924
Growth matters for poverty reduction and the achievement of other MDGs, but the pattern of growth matters more. This paper, based on the MDG experience, identified and analysed a large number of economic policy measures which can make growth more sustained, inclusive and equitable, so as to be...
Persistent link: https://www.econbiz.de/10013026061