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Recent growth accelerations in Africa are characterized by increasing productivity in agriculture, a declining share of … employment but do not experience any productivity growth. We suggest the poor employment performance of large firms is related to … use of capital-intensive techniques associated with global trends in technology …
Persistent link: https://www.econbiz.de/10012623689
Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be...
Persistent link: https://www.econbiz.de/10012010001
from shifts in technology. Countries experiencing input-driven growth in the secondary sector, such as Namibia and Eswatini …, have the potential to achieve growth through efficiency improvements and by adopting technology. Output growth in the …This paper aims to decompose the sources of growth in economies in the Southern African region's Common Monetary Area …
Persistent link: https://www.econbiz.de/10012432956
This paper contributes to the economics of AI by exploring three topics neglected by economists: (i) the notion of a Singularity (and Singleton), (ii) the existential risks that AI may pose to humanity, including that from an extraterrestrial AI in a Dark Forest universe; and (iii) the relevance...
Persistent link: https://www.econbiz.de/10013453997
Persistent link: https://www.econbiz.de/10013549409
main drivers of exponential growth in economic possibilities; second, a gradual general rebalancing of life choices away …
Persistent link: https://www.econbiz.de/10014464162
trade with the PRC can become an engine of growth for developing Asia. To do so, we examine the structure of PRC's trade … developing Asia's exports and growth. As a result, developing Asian countries are increasingly looking to the People's Republic … of China (PRC) as a new source of demand and growth. The central objective of this paper is to empirically assess whether …
Persistent link: https://www.econbiz.de/10003899253
demand and growth. As a result, the collapse of exports to the US and other industrialized countries during the global … financial and economic crisis has sharply curtailed gross domestic product (GDP) growth across the region. The emergence of the … an additional source of demand and growth. The central objective of this paper is to use vector autoregression (VAR …
Persistent link: https://www.econbiz.de/10003899275
heterogeneity on economic outcomes. The results confirm the generally found growth-reducing effect of ethnic heterogeneity but also … between countries and its impact on trade, the DELF is, indeed, a very valuable measure of cultural affinity between countries …, also showing this affinity affects trade flows in a positive way, especially of heterogenous goods. …
Persistent link: https://www.econbiz.de/10011421911
We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through …, growth affects trade, directly through changes in country size and indirectly through altering the incidence of trade costs …. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …
Persistent link: https://www.econbiz.de/10011298529