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This paper examines the role of long standing institutions – identified through geography, disease ecology, colonial legacy, and some direct measures of political and economic governance – on human development and its non income components across countries. The study employs a novel...
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world’s population owns approximately 85% of the world’s wealth, much of it held just by the upper 1% of the global … population, whereas the “bottom” 92% of the world’s population hold somewhat less than 15% of global wealth (Burton J, 25 Highest … income earning countries. World Atlas; Economics, April 25. Retrieved March 23, 2018 from https://www.worldatlas.com/articles/the-highest-incomes-in-the-world …
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Data quality in the Penn World Tables varies systematically across countries that have different growth rates and at …
Persistent link: https://www.econbiz.de/10014135997
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This paper provides empirical evidence that there is no absolute convergence between the GDP per capita of the developing countries since 1950. Relying upon recent econometric methodologies (nonstationary long-memory models, wavelet models and time-varying factor representation models), we show...
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In examining some big questions on African development, we provide evidence that dynamics of some development indicators could support both endogenous and neoclassical growth theories in the convergence debate. This paper investigates convergence in real per capita GDP and inequality adjusted...
Persistent link: https://www.econbiz.de/10011410273
The fundamental, underlying factors of development are often neglected when analyzing the question why countries experience a growth slowdown at the middle-income range. Although these so-called `deep determinants' such as geography and institutions have been found to be decisive for the break...
Persistent link: https://www.econbiz.de/10012205933