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Openness Can Be Good for Growth : The Role of Policy Complementarities
Chang, Roberto; Kaltani, Linda; Loayza, Norman - 2006
The authors study how the effect of trade openness on economic growth depends on complementary reforms that help a country take advantage of international competition. This issue is illustrated with a simple Harris-Todaro model where output gains after trade liberalization depend on the degree...
Persistent link: https://www.econbiz.de/10014061434
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Stagnant Wages, Sectoral Misallocation and Slowing Productivity Growth
Schmöller, Michaela - 2019
I propose a two-sector endogenous growth model with heterogeneous sectoral productivity and sector-specific, nonlinear … hiring costs to analyse the link between sectoral resource allocation, low productivity growth and stagnant real wages. My … implemented in Germany in 2003-2005, is beneficial in the long-run as it raises growth of technology, labor productivity and real …
Persistent link: https://www.econbiz.de/10012870989
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Unionization, industry concentration, and economic growth
Davis, Colin; Hashimoto, Ken'ichi; Tabata, Ken - 2021
-country model of international trade and endogenous productivity growth. Knowledge spillovers link firm-level productivity in …
Persistent link: https://www.econbiz.de/10012793522
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Asymmetric tariffs and productivity growth in an endogenous market structure
Davis, Colin; Hashimoto, Ken'ichi - 2024
This paper constructs a two-country model to investigate how tariff policy influences productivity growth through … productivity of investment in innovation. We show that the relationship between tariff policy and economic growth depends on the …
Persistent link: https://www.econbiz.de/10015066879
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Market structure, technology spillovers, and persistence in productivity differentials
Cheung, Yin-Wong; Pascual, Antonio I. Garcia - 2001
convergence rates. Consistent with theories, the persistence of productivity differentials is found to be positively correlated …, productivity convergence appears to be enhanced by human capital but deterred by government spending. … determinants of cross-country differences in the persistence of productivity differentials Specifically, we focus on the effects of …
Persistent link: https://www.econbiz.de/10011399314
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Aid and growth in fragile states
McGillivray, Mark; Feeny, Simon - 2008
The literature on aid has come a long way in recent years, and as a result we now know much more about aid effectiveness than possibly ever before. But significant gaps in knowledge remain. One such gap is the effectiveness of aid in the so-called ‘fragile states’, countries with critically...
Persistent link: https://www.econbiz.de/10010284688
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Growth and Welfare Implications of Mortality Differentials in Unfunded Social Security Systems
Kelly, Mark - 2021
Several recent studies have examined the steady-state welfare implications of mortality differentials within unfunded Social Security systems, concluding that these differentials undermine the progressivity of the system and make society worse-off relative to alternative public pension schemes....
Persistent link: https://www.econbiz.de/10013217547
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Democratization and Growth
Papaioannou, Elias; Siourounis, Gregorios - 2009
This paper challenges recent empirical findings that democratic institutions have a negligible direct effect on economic growth. We delve into numerous historical sources and democracy indicators to identify the countries and timing of recent democratization episodes. We then employ a...
Persistent link: https://www.econbiz.de/10014070688
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Harnessing windfall revenues: optimal policies for resource-rich developing economies
van der Ploeg, Frederick; Venables, Anthony J. - 2009
A windfall of natural resource revenue (or foreign aid) faces government with choices of how to manage public debt, investment, and the distribution of funds for consumption, particularly if the windfall is both anticipated and temporary. We show that the permanent income hypothesis prescription...
Persistent link: https://www.econbiz.de/10010276227
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Harnessing windfall revenues : optimal policies for resource-rich developing economies
Ploeg, Frederick van der; Venables, Anthony - 2009
A windfall of natural resource revenue (or foreign aid) faces government with choices of how to manage public debt, investment, and the distribution of funds for consumption, particularly if the windfall is both anticipated and temporary. We show that the permanent income hypothesis prescription...
Persistent link: https://www.econbiz.de/10003813611