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Africa's economic history since 1960 fits the classical definition of tragedy: potential unfulfilled with disastrous consequences. The authors use one mehthodology - cross-country regressions - to account for sub-Saharan Africa's growth performance over the past 30 years and to suggest policies...
Persistent link: https://www.econbiz.de/10005134244
Lederman and Maloney examine the empirical relationships between trade structure and economic growth, particularly the influence of natural resource abundance, export concentration, and intra-industry trade. They test the robustness of these relationships across proxies, control variables, and...
Persistent link: https://www.econbiz.de/10005141436
Is there a correlation between productivity and product variety? Certainly it appears that the rich countries are more productive and have more product variety than the poor nations. In fact, the relationship is quite strong when measured in levels. Does this same correlation hold up when...
Persistent link: https://www.econbiz.de/10005116245
turns out not to be a fact at all. Growth's effects on inequality can go either way and are contingent on several other … inequality. Possibly measurement errors confound the true relationship, but they think it more likely that the relationship … process will tend to be lower, the higher the extent of initial inequality. A smaller share of total income must imply a …
Persistent link: https://www.econbiz.de/10004989855
Vietnam grew rapidly in the 1990s, and yet by many measures it has poor economic institutions. Dollar seeks to explain this apparent anomaly. Between the 1980s and 1990s Vietnam carried out significant economic reforms, notably stabilization, the introduction of positive real interest rates,...
Persistent link: https://www.econbiz.de/10005128625
The authors investigate recent rends in poverty, and inequality in China, decomposing data on poverty reduction to see … attributable to Asia's economic crisis. Economic growth contributed significantly to poverty reduction, but rising inequality … problem if it is to succeed in attacking poverty, and inequality. …
Persistent link: https://www.econbiz.de/10005128877
Small states have attracted a good deal of research. The authors test whether micro-states are any different from other states in income, growth, and volatility. They find that, controlling for location, smaller states are actually richer than other states in per capita GDP. This income...
Persistent link: https://www.econbiz.de/10005133870
Economic theory and case study evidence have long suggested that institutional factors, such as well-defined property and contract rights, may be crucial in explaining differences in economic performance across countries. Much of the recent discussion about"governance"has, for example, focused...
Persistent link: https://www.econbiz.de/10005116387
Poor-area development programs- in which the government transfers extra resources to unusually poor areas -have been widely used to fight poverty. There has been some research on such programs, but little is known about their impact on household living standards over time. The authors address...
Persistent link: https://www.econbiz.de/10005116711
exclusion. This may then lead to a feedback mechanism whereby inequality in the incidence of public spending on education breeds … higher income inequality, thus generating multiple equilibria: with social exclusion and high inequality; and with social … inclusion and relatively low inequality. The author also shows that the latter equilibrium leads to higher long-run growth than …
Persistent link: https://www.econbiz.de/10004989721