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We critically evaluate the empirical basis for the so-called resource curse and find that, despite the topic’s popularity in economics and political science research, this apparent paradox is a red herring. The most commonly used measure of ‘resource abundance’ can be more usefully...
Persistent link: https://www.econbiz.de/10003459205
world productivity growth was led by fast-growing newly emerging economies, whereas most developed countries experienced a …
Persistent link: https://www.econbiz.de/10008658803
This paper investigates the causes of the "vanishing effect of finance" detected in recent studies. The results highlight that the negative effect of the financial system on growth is mainly driven by advanced economies, whereas finance is still beneficial for income increases in developing...
Persistent link: https://www.econbiz.de/10011391918
knowledge throughout the world explains a period of increasing world inequality after the take-off of the forerunners of the … industrial revolution, followed by decreasing relative inequality. Knowledge diffusion through a Small World network explains the … individual countries in the course of world development. …
Persistent link: https://www.econbiz.de/10011397182
Recent studies on the growth effects of exchange rate regimes offer a wide range of different, sometimes contradictory results. In this paper, we systematically compare three prominent contributions in this field. Using a common data set, a common specification, and common estimation methods, we...
Persistent link: https://www.econbiz.de/10011397221
This essay reviews the relationship between natural-resource abundance and economic growth around the world, and …
Persistent link: https://www.econbiz.de/10011397924
This paper reviews the relationship between natural resources and economic growth, and stresses how natural capital tends to crowd out foreign capital, social capital, human capital, andphysical capital, thereby impeding economic growth across countries and presumably also over time....
Persistent link: https://www.econbiz.de/10011399567
In this paper the authors conduct a meta-analysis to examine the link between R&D spending and economic growth in the EU and other regions. The results suggest that the growth-enhancing effect of R&D in the EU15 countries does not differ from that in other countries in general, but it is less...
Persistent link: https://www.econbiz.de/10010512534
Persistent link: https://www.econbiz.de/10010513282
world and five decades, we present a portrait of the changing global distribution of consumption and income and discuss its … implications for our understanding of inequality, poverty, inclusivity of growth and development, world economic welfare, and the … the highest levels of inequality in the world, when measured using standardized surveys). The GCIP provides a resource for …
Persistent link: https://www.econbiz.de/10010516605