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Which structural reforms affect the speed the regional convergence within a country? We found that domestic financial development, trade/current account openness, better institutional infrastructure, and selected labor market reforms facilitate regional convergence. However, these reforms have...
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greatly increased consumption levels of what had been about half of the world’s people in poverty.”- Ross Garnaut …
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1. Twenty years of economic reform and structural change in the Chinese economy / Ross Garnaut -- 2. Economic growth over the past twenty years / Xiaolu Wang -- 3. Agricultural reform / Yongzheng Yang -- 4. Trade reform and development / Ligang Song-- 5. State-owned enterprise reform / Yiping...
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This paper offers a meta-regression analysis of the literature on the drivers of financial development. Our results based on 1900 estimates suggest that institutional quality is positively correlated to both private sector credit and stock market capitalization (both as share of GDP). Domestic...
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