Scholars have typically explained the developmental performance of late-late developers through the analytical lens applied to East Asian developmental states, a lens that focuses on bureaucratic capacity and the bureaucracy's relationship with businesses and with society more broadly. In...

This paper documents the potential employment and other value-added benefits of infrastructure investments in Ontario. In particular, it details the impact of infrastructure investment as a counter-cyclical fiscal policy tool. A review of the recent literature reveals that infrastructure...

It is well known that at the end of the last and during the present century the Indian economy performed much stronger than during the first decades after independence. In common discourse this improved performance is usually linked to the change in policy framework which was introduced in 1991...

The marriage of Ferdinand of Aragon and Isabella of Castile in 1469 began the process of the eventual unification of Spain. Over the ensuing decades, Spain finally conquered the Muslims at Granada in 1492 and completed the Reconquista. Spain then began a period of imperial expansion with...

Sovereign nations grow faster than non-sovereign ones. When Pakistan ceded economic management to the IMF in the late 1980s, the turn to neo-liberalism led to 14 years of decline in long-run rate of investment and growth from which it hasn't recovered. This cost the economy an estimated $75.6...

Nach der Mittelfristprojektion des IWH wird das Bruttoinlandsprodukt in Deutschland in den Jahren bis 2024 preisbereinigt um durchschnittlich 1% wachsen; das nominale Bruttoinlandsprodukt wird um durchschnittlich 2¾% zunehmen. Die Durchschnittswerte verschleiern die Tatsache, dass das Wachstum...

Nach der Mittelfristprojektion des IWH wird das Bruttoinlandsprodukt in Deutschland in den Jahren bis 2024 preisbereinigt um durchschnittlich 1% wachsen; das nominale Bruttoinlandsprodukt wird um durchschnittlich 2¾% zunehmen. Die Durchschnittswerte verschleiern die Tatsache, dass das Wachstum...

In this paper, we present a simple overlapping-generations model with human capital, pollution, and political corruption to consider problems related to sustainable growth. In many growth models that incorporate the environment, it is assumed that there exists an altruistic government that...

The 6th Plenum of the 16th Central Committee of the Communist Party of China (CPC) concluded on October 11, 2006, with the commitment to establish a harmonious society by 2020. The obvious implication from this commitment is that the present major social, economic and political trends are not...

The paper examines the non-linear relationship between weather and economic performance. Using within-county variation in weather between 1996 and 2012, we find both daily temperature and precipitation have asymmetric effects on economic performance. A day with temperatures over 20◦C...