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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
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