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Are cultural differences good or bad for economic development? Can cultural differences generate conflicts and, therefore, retard economic development? Or can cultural diversity spur creativity and improve economic welfare? These are the type of questions that this chapter addresses. There are...
Persistent link: https://www.econbiz.de/10014025396
The purpose of this paper is to provide a contribution to the identification of the role of entrepreneurship in economic growth by mapping out: 1) alternative ways of looking at entrepreneurship, distinguishing 'creative destruction' from simple 'turbulence'; 2) the different microeconomic...
Persistent link: https://www.econbiz.de/10013106954
" in China, which obtain initial subsidies from e-commerce platform enterprises like Alibaba for their low-income dwellers …
Persistent link: https://www.econbiz.de/10013235235
This paper considers the problem of why societies develop differently, a question most recently articulated by Acemoglu and Robinson (2012). We follow North (1990) in defining institutions as the "rules of the game in society." The question then becomes why do different societies develop...
Persistent link: https://www.econbiz.de/10013083178
, with the initiation of the 'Strategic Emerging Industries' program. China's state-dominated banking system is seen as … corporate sector and GDP growth in China, (2) this relationship is non-linear in terms of Chinese regions and credit …
Persistent link: https://www.econbiz.de/10014327490
This paper investigates the role of economic transformation in the form of increased manufacturing share in aggregate output in accelerating growth and reducing growth volatility in Africa. Using cross-section time series data from 50 African countries, the paper examines the key determinants of...
Persistent link: https://www.econbiz.de/10011213179
-income economies. In particular, since the beginning of the growth slowdown of the economy of the People's Republic of China (PRC) in …
Persistent link: https://www.econbiz.de/10011661331
China is, or will also be, confronted with such a trap. This paper analyzes the Chinese MIT situation taking into account … only survey the recent literature, but also make our own MIT forecasts and analyze under which condi-tions China could be …
Persistent link: https://www.econbiz.de/10012205638
We analyze and compare the pattern of economic growth and development of China and South Korea in the postwar period … potentially valuable lessons for China. The Asian giant moved from low income to middle income very quickly but now faces the … challenge of graduating to high income. In this paper, we empirically assess the main drivers of economic growth in China and …
Persistent link: https://www.econbiz.de/10012206272
Persistent link: https://www.econbiz.de/10012652664