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volatility, especially in the past decade. Nevertheless, dollarised countries benefit from higher levels of investment and trade …
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2018 marks the 40th anniversary of the start of China's reform and opening up policy, which created China's growth … miracle with an annual average growth rate of around 9.5 percent. China's rapid rise and internationalization has also … institutions to discuss ongoing research on a wide range of theoretical and empirical issues related to China's rapid rise and …
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This paper reviews the empirical literature on growth and convergence that has addressed the importance of spatial factors. An important distinction in this literature is the one between absolute and relative location. The literature on absolute location predominantly uses non-spatial...
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By studying the interaction between social capital and decentralization, we show that political decentralization can be a source of divergence across heterogeneous regions. In particular, we claim that since the local endowments of social capital display their effect on the economy mainly...
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