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Growth and poverty reduction in Africa are weakly linked. This paper argues that the reason is that Africa has failed … to create enough good jobs. Structural transformation?the relative growth of employment in high productivity sectors …
Persistent link: https://www.econbiz.de/10010854479
) how to deal with jobless growth in manufacturing, (vii) creating adequate systems of financial intermediation, and (viii …
Persistent link: https://www.econbiz.de/10010856306
, especially in view of post-crisis growth challenges. The fi-nancial crisis 2008-2011 adversely affected manufacturing industry …
Persistent link: https://www.econbiz.de/10010856819
The paper proposes a model that explains cross-country growth divergences over time for different aspects of structural … of investment in new capital, productivity gains and cumulative growth. The model is able to reproduce empirical stylised … facts on growth and income inequality associated with different stages of growth. We use VARs to estimate the causal …
Persistent link: https://www.econbiz.de/10010883454
Unlike in Asia, the manufacturing sector has not (yet) become a driver of structural change in Africa. One common explanation is that the natural resource-focus of many African economies leads to Dutch disease effects. To test this argument for the case of newly found oil in Ghana we develop a...
Persistent link: https://www.econbiz.de/10010886853
The interest rate and the rate of economic growth are often regarded as roughly constant as economies grow. Moreover … standard growth model that includes a backward and an advanced sector can account for these regularities. The mechanism works … prevents the usual diminishing marginal returns of capital. As a result, the interest rate and the growth rate of the economy …
Persistent link: https://www.econbiz.de/10010938263
economic growth and unemployment. We provide a theoretical model that explains the technology-bias and predicts its development …-results. Last not least, we discuss the implications of our findings for the existing growth literature and structural change …
Persistent link: https://www.econbiz.de/10010957286
raise long term productivity growth need to be pursued. Current project-based R&D-support and business subsidies seem … current targeted support. Capital taxation should be streamlined to improve incentives for entrepreneurship and growth. The …
Persistent link: https://www.econbiz.de/10011276818
Turkey’s business sector dynamism has underpinned broad-based and inclusive growth in the 2000s. However, the business …
Persistent link: https://www.econbiz.de/10011276955
economic growth and unemployment. We provide a theoretical model that explains the technology-bias and its development. We …-results. Last not least, we discuss the implications of our findings for the existing growth literature and structural change …
Persistent link: https://www.econbiz.de/10009294667