In this paper, I study the effect of access to markets in high-income countries on firms' product innovation in developing countries. To do so, I exploit a reform that exogenously increased market access for firms in the world's largest developing country, China. Applying an instrumental...

We expand the standard balance-of-payments-constrained (BOPC) growth rate model in three directions. First, we take into account the separate contributions of exports in goods, exports in services, overseas remittances, and foreign direct investment (FDI) inflows. Second, we use state-space...

We analyze the evolution of the plant size distribution, static allocative efficiency, and business dynamism of the Korean manufacturing sector during its growth miracle (1967–2000) and the subsequent slowdown since 2000. The average plant size has an inverse-U pattern over time, uncorrelated...

With ready-made garments accounting for almost 85% of Bangladesh’s exports, limited export diversification remains a pressing issue for the country. This paper conducts a brief review of the literature to investigate potential explanations for why Bangladesh’s export revenue is heavily...

We study how the adoption of foreign technology and local spillovers from such adoption contributed to late industrialization in a developing country during the postwar period. Using novel historical firm-level data for South Korea, we provide three empirical findings: direct productivity gains...

South Asian countries – Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka – have been recognized as having the fastest recovering economies. Their economic growth was responsible for almost 7% of the annual GDP growth rate in 2014.The recent recovering growth...

There is a growing body of literature on the possible presence of the Natural Resources Curse (NRC) and Dutch Disease Syndrome (DD) in the Azerbaijani economy. Because of its abundant hydrocarbon resources, Azerbaijan has pursued an oil-oriented strategy for economic growth and development....

This essay is the first sustained description, based on archival materials, of the use Zionist settlers in British Mandate-era Palestine made of the English private trust and trust company, and Mandate authorities' reactions to that use. An early, ill-fated attempt to create a family trust of...

It is the purpose of this study to help shed light on the entrepreneurship, entrepreneurs and enterprise growth in Wenzhou. We rely on a probabilistic firm survey that we carried out in Wenzhou in early 2006 for three industries: shoes, eyeglasses and general equipment. We fielded a formal...

We estimate the People's Republic of China's (PRC's) potential growth rate in 2012 at 8.7% and at 9.2% for the average of 2008-2012, about the same as the average actual growth rate for this period. This rate is the natural growth rate, that is, the rate consistent with a constant unemployment...