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External conditions have been found to influence the tendency of emerging market and developing economies to experience episodes of growth accelerations and reversals. In this paper we study the role of domestic policies and other structural attributes in amplifying or mitigating the effect that...
Persistent link: https://www.econbiz.de/10012866906
Across the world, a structural growth slowdown is underway: at current trends, the global potential growth rate - the …
Persistent link: https://www.econbiz.de/10014282834
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
The paper analyses the determinants of long-term economic performance of east European and CIS economies in two periods: 1960-1989 (the era of central planning) and 1990-2005 (the transition to the market economy system). Throughout the 1960s and 1970s economic growth in eastern Europe...
Persistent link: https://www.econbiz.de/10005087077
Persistent link: https://www.econbiz.de/10013387262
This study documents a significant and positive impact of country-level ESG improvement on economic growth using a comprehensive sample across 109 countries. The economic benefits of country-level ESG improvement are robust after alleviating endogeneity concerns using instrumental variable...
Persistent link: https://www.econbiz.de/10012849911
Income inequality in many middle-income countries has increased at an alarming level. While the time series relationship between income inequality and economic growth has been extensively investigated, the causal and dynamic link between them, particularly for the middle-income countries, has...
Persistent link: https://www.econbiz.de/10012022305
We examine the importance of total factor productivity (TFP) growth in middle-income countries based on cross-country panel data for the period 1975-2014. We find that TFP growth contributed significantly to a country’s upward transition from middle-income to high-income country group. The TFP...
Persistent link: https://www.econbiz.de/10011754850
industries with varying degrees of ICT intensity. Intangible capital appears to be significantly more productive in ICT …-intensive sectors than in those that use little ICT. This finding remains robust across various alternative industry ICT intensity … measures and aligns with the prior firm-level studies that place emphasis on the complementary role of intangible assets in ICT …
Persistent link: https://www.econbiz.de/10013045768
ICT productive performances have slowed down since the beginning of the 2000s, before the current crisis. This … diagnosis could be due, at least partly, to some statistical mis-measurements of ICT improvements. Nevertheless, improvements in … ICT performances will probably be positively impacted, in some years, by large technological developments as for example …
Persistent link: https://www.econbiz.de/10010753777