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Cross-country growth regressions have in recent years become a major growth industry. The most common purpose of this … work has been to investigate the determinants of economic growth. But it is also possible to use the existing growth data … to determine the extent to which policy choices help or hinder growth. This paper generates estimates of the net …
Persistent link: https://www.econbiz.de/10010332290
We construct an endogenous growth model that includes a cultural variable along the dimension of individualism … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …
Persistent link: https://www.econbiz.de/10010274699
This paper examines growth successes and failures across countries and notes the latter’s perplexing predominance among … investigation that brings forth evidence on the importance of natural resource endowment type on growth or, more appropriately, lack … growth than a resource endowment that is agricultural. The robustness of this result is tested across a number of growth …
Persistent link: https://www.econbiz.de/10010279017
This paper reviews the critical theoretical and policy issues relating to growth, economic development and structural … options, particularly with respect to trade and its implications for the process of growth and development. The discussion of … which give rise to their economic sub-optimality. The theoretical and empirical relationship between size and growth is …
Persistent link: https://www.econbiz.de/10010279120
-faring and airborne transportation technologies, to examine its impact on the course of economic development across the globe … effect on the process of development and contributed to the contemporary variation in the standard of living across countries. …
Persistent link: https://www.econbiz.de/10010284086
social mobility, economic fragility, unbalanced growth due to technology and globalization, and existential danger from …
Persistent link: https://www.econbiz.de/10014279350
Persistent link: https://www.econbiz.de/10011504764
Persistent link: https://www.econbiz.de/10010438940
We study the relationship between per-capita income and income inequality with a heterogeneous panel co-integration approach.We extend previous studies in two respects: first, we compile a more extensive data set for 61 countries over 26-51 years and consider measures for both pre-tax and...
Persistent link: https://www.econbiz.de/10011981849
Persistent link: https://www.econbiz.de/10012060396