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Recently, much attention has been paid in the literature on economic growth to the phenomenon of"conditional convergence,"the tendencies of economies with lower-level incomes to grow faster, conditional on their rate of factor accumulation. The author documents that, regardless of conditional...
Persistent link: https://www.econbiz.de/10005079757
Determining how imports react to cyclical and secular (long term) factors has been a recurrent theme in the empirical trade literature. The evidence suggests that cyclical income elasticities of import demand are generally higher than long term elasticities - particularly for basic materials and...
Persistent link: https://www.econbiz.de/10005079910
The authors review the theoretical literature on the determinants of international workers'remittances and then posit an empirical model that accounts for demographic, portfolio, and macroeconomic factors that - together with special incentive policies - determine official remittances. They...
Persistent link: https://www.econbiz.de/10005080072
The authors examine the impact of income growth on the death rate due to traffic fatalities, as well as on fatalities per motor vehicle and on the motorization rate (vehicles/population) using panel data from 1963-99 for 88 countries. Specifically, they estimate fixed effects models for...
Persistent link: https://www.econbiz.de/10005128507
One of the most contentious issues of globalization is the effect of global economic integration on inequality and … developing world population living on less than $1 per day was cut in half since 1981. Trend #3: Global inequality (among … citizens of the world) has declined - modestly -- reversing a 200-year-old trend toward higher inequality. Trend #4: There is …
Persistent link: https://www.econbiz.de/10005128595
Vietnam grew rapidly in the 1990s, and yet by many measures it has poor economic institutions. Dollar seeks to explain this apparent anomaly. Between the 1980s and 1990s Vietnam carried out significant economic reforms, notably stabilization, the introduction of positive real interest rates,...
Persistent link: https://www.econbiz.de/10005128625
The authors investigate recent rends in poverty, and inequality in China, decomposing data on poverty reduction to see … attributable to Asia's economic crisis. Economic growth contributed significantly to poverty reduction, but rising inequality … problem if it is to succeed in attacking poverty, and inequality. …
Persistent link: https://www.econbiz.de/10005128877
In a data set for developing, and transition economies, the author finds that private consumption per capita, based on national accounts, deviates on average from mean household income,or expenditure based on national sample surveys. Growth rates also differ systematically, so that the ratio of...
Persistent link: https://www.econbiz.de/10005128996
Using the most recent purchasing power parity data for 44 sub-Saharan African countries, this paper examines the characteristics of long run growth in Africa between 1975 and 2005. The authors investigate the following issues: cross-country income structure, income convergence, the country level...
Persistent link: https://www.econbiz.de/10005129242
The immediate welfare costs of an economywide crisis can be high, but are there also lasting impacts? And are they greater in some geographic areas than others? The authors study Indonesia’s severe financial crisis of 1998. They use 10 national surveys spanning 1993–2002, each covering...
Persistent link: https://www.econbiz.de/10005129272