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We reassess convergence of income and its determinants across countries using the dataset constructed by Klenow and Rodriguez-Clare (2005) and our updated version of the same data. Consistent with the literature, the ergodic distribution of output per worker features separate convergence clubs....
Persistent link: https://www.econbiz.de/10013133209
En los 90's se dieron cambios sustanciales en materia económica en el país. Se pretende encontrar una relación entre estos cambios, el aumento en la desigualdad y la mayor volatilidad y menor dimensión de las tasas de crecimiento del PIB a partir de la misma fecha. Para esto se comenzó por...
Persistent link: https://www.econbiz.de/10013089209
Economic development, which refers to the process of progressive transformation of an economy, is a multifaceted term without a universal definition. This article presents the constitutive elements of economic development, such as growth, distribution, and innovation. Economic development has...
Persistent link: https://www.econbiz.de/10012849707
This paper examines the empirical relationship between inequality and growth, and analyzes the impacts of growth, inequality, and government spending on poverty reduction. A new panel dataset has been assembled on inequality and poverty that reduces measurement error and ensures comparability...
Persistent link: https://www.econbiz.de/10013318088
One view in the literature (Popov 2020) is that East Asian model is superior to other models in the Global South, at least in terms of catch-up development and possibly even in innovations beyond the technological frontier. Unlike economic models in Latin America and Sub-Sahara Africa, the East...
Persistent link: https://www.econbiz.de/10013236502
One view in the literature is that the East Asian economic model is superior to other models in the Global South (i.e. in the developing world), at least in terms of catch-up development and possibly even in innovations beyond the technological frontier. Unlike economic models in Latin America...
Persistent link: https://www.econbiz.de/10013334674
This paper studies two striking stylized facts about China's reform: that the output growth in the early stage of the … here matches the magnitude of productivity growth, economic growth and change in Gini coefficients observed in China. On …
Persistent link: https://www.econbiz.de/10014146355
China's fast growth has been accompanied by rising regional inequality, triggering debate over a policy trade …-off between aggregate growth and equity. We set out a three-region model of China in which local government behavior affects local …
Persistent link: https://www.econbiz.de/10014456599
The authors study the sources and pattern of China's impressive economic growth over the past 25 years and show that … large extent rooted in China's growth strategy, and resolving them requires a rebalancing of policies. Using both …
Persistent link: https://www.econbiz.de/10014061294
Although urban China has experienced spectacular income growth over the last two decades, increases in inequality …
Persistent link: https://www.econbiz.de/10013318805