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The paper proposes an approach to understand the relationship between inequality and economic growth obtained by … dynamics of specific groups of the population and to infer the role of growth in the evolution of inequality of opportunity … recent crisis suffered by Italy from both the income inequality and opportunity inequality perspectives. …
Persistent link: https://www.econbiz.de/10010829735
Despite its heavy human, financial, and economic cost, the recent global recession provides a unique opportunity to reflect on the knowledge from several decades of growth research, draw policy lessons from the experience of successful countries, and explore new approaches going forward. In an...
Persistent link: https://www.econbiz.de/10008508339
Thailand is one of the most successful developing countries. After decades of rapid growth, the economy rebounded quickly from the 1997-98 Asian crisis and is set to continue its expansion into the future. Nevertheless, there are doubts about the resilience of the Thai economy. The country...
Persistent link: https://www.econbiz.de/10005128577
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 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
Using the most recent purchasing power parity data for 44 sub-Saharan African countries, this paper examines the characteristics of long run growth in Africa between 1975 and 2005. The authors investigate the following issues: cross-country income structure, income convergence, the country level...
Persistent link: https://www.econbiz.de/10005129242
The authors present real per capita GDP growth forecasts for all developing countries for the period 2005-14. For 55 of these countries, representing major world regions and accounting for close to 80 percent of the developing world's GDP, they forecast the growth effects of the main forces...
Persistent link: https://www.econbiz.de/10005134056
Africa's economic history since 1960 fits the classical definition of tragedy: potential unfulfilled with disastrous consequences. The authors use one mehthodology - cross-country regressions - to account for sub-Saharan Africa's growth performance over the past 30 years and to suggest policies...
Persistent link: https://www.econbiz.de/10005134244
Lederman and Maloney examine the empirical relationships between trade structure and economic growth, particularly the influence of natural resource abundance, export concentration, and intra-industry trade. They test the robustness of these relationships across proxies, control variables, and...
Persistent link: https://www.econbiz.de/10005141436
The authors examine the growth and convergence of total factor productivity in agriculture and manufacturing in a large sample of countries spanning many levels of development over the period 1967-1992. There is a widely held but rarely tested view that the rate of growth in agricultural...
Persistent link: https://www.econbiz.de/10005141485