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Conventional wisdom suggests that reducing military spending may improve a country's economic growth, but empirical studies have produced ambiguous results on this point. Extending a standard growth model, the authors exploit both cross-section and time-series dimensions of available data to get...
Persistent link: https://www.econbiz.de/10005128630
The authors of this paper use a new database on foreign aid to examine the relationships among foreign aid, economic policies, and growth of per capita GDP. In panel growth regressions for 56 developing countries and 6 four-year periods (1970-93), they find that the policies that have a great...
Persistent link: https://www.econbiz.de/10005128644
A vast amount of literature uses cross-country regressions to find empirical links between policy indicators and long-run average growth rates. The authors study whether the conclusions from existing studies are robust or fragile when small changes in the list of independent variables occur....
Persistent link: https://www.econbiz.de/10005128655
Analysis of decade-long growth rates in all countries shows a striking regularity: episodes of rapid growth are limited largely to a middle range of initial income; neither very poor nor very rich countries experienced rapid growth. Episodes of negative growth are limited to low and middle-income...
Persistent link: https://www.econbiz.de/10005128692
The authors investigated the factors that influenced the participation of sub - Saharan African countries and all low-income countries in World Bank adjustment lending. They estimated how the Bank's adjustment programs affected economic performance in both regions. They found that the marginal...
Persistent link: https://www.econbiz.de/10005128732
The author presents a simple endogenous growth model (with two types of capital) that shows the sizable long-run effects on growth of distortionary policies. The model applies to many different types of distortions of relative prices common in developing countries - for example, price controls,...
Persistent link: https://www.econbiz.de/10005128864
The authors investigate recent rends in poverty, and inequality in China, decomposing data on poverty reduction to see … lower poverty lines, and a worsening of the poverty gap index. Average per capita consumption declined for farmers … attributable to Asia's economic crisis. Economic growth contributed significantly to poverty reduction, but rising inequality …
Persistent link: https://www.econbiz.de/10005128877
liberalization on inequality are correlated with relative factor endowments. Trade liberalization is associated with increases in … inequality in countries well-endowed in highly skilled workers and capital or with workers that have very low education levels … inequality in countries that are well-endowed with primary-educated labor. Similar results are also apparent when decile data are …
Persistent link: https://www.econbiz.de/10005128902
This paper contains a numerical listing of working papers produced by the Policy, Planning, and External Affairs Complex. Each citation contains a brief abstract, and the contact point for the paper.
Persistent link: https://www.econbiz.de/10005128947
In a data set for developing, and transition economies, the author finds that private consumption per capita, based on …
Persistent link: https://www.econbiz.de/10005128996