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Cross-country growth regressions have in recent years become a major growth industry. The most common purpose of this … work has been to investigate the determinants of economic growth. But it is also possible to use the existing growth data … to determine the extent to which policy choices help or hinder growth. This paper generates estimates of the net …
Persistent link: https://www.econbiz.de/10010332290
The stability of cyclical growth within the context of a model in Matsuyama (1999) is examined. It is shown that but … cyclical growth is derived. The growth enhancing property of 2-cycles are shown to be retained by any cycle; the results of … simulation exercises carried out are reported to show that for very wide range of parameter values, such cyclical growth paths …
Persistent link: https://www.econbiz.de/10010332291
conflicts, and output growth performance over the last few centuries. By analyzing political responses to the distributional …
Persistent link: https://www.econbiz.de/10010332295
This paper studies the impact of long-run productivity growth on job finding and separation rates, and thus the … faster growth to reduce unemployment by decreasing the separation rate and inducing job creation. We demonstrate that … growth on unemployment. Our quantitative analysis shows that our model increases the magnitude of the negative impact of …
Persistent link: https://www.econbiz.de/10010332514
, growth, instability and crises. We take a macroeconomic perspective and examine four channels of transmission of …
Persistent link: https://www.econbiz.de/10010332606
of the world. Since the late 1950s, its growth performance has been outstanding. Poverty incidence has declined …
Persistent link: https://www.econbiz.de/10010333039
Since 1992 Ethiopia has been engaged in liberalizing its financial sector. The hallmark of the strategy is gradualism. The approach is not without problems especially from Bretton Woods Institutions that saw the reform as a sluggish process. This study examines this liberalization program by...
Persistent link: https://www.econbiz.de/10010333062
This paper examines the impact of foreign aid on economic growth in Sierra Leone, a country where an empirical … significant contribution in promoting economic growth in the country. This finding is found to be robust across approaches and … specifications. Whilst aid may have been associated with improvement in economic growth in the country, its impact during the period …
Persistent link: https://www.econbiz.de/10010333088
This paper quantitatively investigates the short- and long-run effects of liberalizing global migration on the world distribution of income. We develop and parametrize a dynamic model of the world economy with endogenous migration, fertility and education decisions. We identify bilateral...
Persistent link: https://www.econbiz.de/10010333443
Recent work has documented industrial output growth around the poor periphery from 1870 to the present, finding …% industrial growth club: Japan 1899, China 1900, the Philippines 1913, Taiwan 1914, Korea 1921, and India 1929. The Philippines …
Persistent link: https://www.econbiz.de/10010333519