The purposes of this study were to present the current situation of poverty, economic growth, and economic development for five selected countries in Latin America and to examine the relationship between poverty, economic growth, and economic development through traditional log-linear regression...

Both long economic stagnation in Latin America and sustained growth and in East Asia imply a rapidly raising development gap between the two regions. Using a series of numerical decompositions, this article documents three facts about this gap. First, differences in welfare-adjusted development...

This paper applies insights from theoretical and empirical research in economic growth to analyze the impacts of policies affecting fertility, migration and human capital accumulation on growth and poverty alleviation. It underlines the tradeoff between having more children and investing more...

Innovation is fundamental for economic catching-up and raising living standards. Evidence demonstrate a virtuous circle in which RD spending, innovation, productivity, and per capita income mutually reinforce each other and lead to long-term, sustained growth rates and may foster job creation....

This paper examines the effect of natural resource dependence on growth in a cross-country setting during 1970 to 2010, first accounting for the effect of resource export dependence on institutional development. We employ several political and governance indicators, numerous econometric...

This article analyses the development of economic growth in Brazil in terms of capital accumulation, following the Marxist approach. The aim is to identify the relationship between the two processes, looking at the profit rate, which along with investment effort determines productive investment....

The optimal reaction to a productivity shock which becomes more imminent with global warming is to price carbon (proportional to the marginal hazard of a catastrophe) to curb the risk of climate change, but also to accumulate precautionary capital to facilitate smoothing of consumption and curb...

We investigate the links between agriculture and non-agricultural sectors in Portugal by assessing the existence of long-run relationships and causality among the three main sectors of activity in terms of value added and labour productivity using a VAR model for the period 1970-2006....

The paper investigates the situation of middle-income economies around the world. Since 1965, only 18 economies with a population of more than 3 million and not dependent on oil exports have made the transition to being high income. Many more have not been able to move beyond the middle-income...

This article uses the HRV model proposed by Hausmann, Rodrik and Velasco (2005) to conduct a growth diagnosis of Cape Verde's economy. The real per capita GDP in Cape Verde rose from US$ 806 in 1970 to US$ 2.830 in 2011, representing an average annual rate of growth of 3.3%. The service sector...