Essays on Productivity, Regime Changes and Economic Growth
Author : Michal Jerzmanowski
Publisher :
Page : 362 pages
File Size : 40,25 MB
Release : 2003
Category : Economic development
ISBN :
Author : Michal Jerzmanowski
Publisher :
Page : 362 pages
File Size : 40,25 MB
Release : 2003
Category : Economic development
ISBN :
Author : J. McCombie
Publisher : Springer
Page : 293 pages
File Size : 29,14 MB
Release : 2002-12-17
Category : Business & Economics
ISBN : 023050423X
This collection of essays on Verdoorn's Law - the relationship between the growth of industrial productivity and output - presents a number of comprehensive surveys and assessments of the vast literature available. The collection not only includes an English translation of Verdoorn's seminal article originally published in Italian, but also new empirical evidence for the Verdoorn Law and new developments in the theoretical modelling of cumulative causation.
Author : Jens-Uwe Wächter
Publisher :
Page : 224 pages
File Size : 38,11 MB
Release : 1998
Category :
ISBN :
Author : Mr.Ari Aisen
Publisher : International Monetary Fund
Page : 30 pages
File Size : 45,85 MB
Release : 2011-01-01
Category : Business & Economics
ISBN : 1455211907
The purpose of this paper is to empirically determine the effects of political instability on economic growth. Using the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods from 1960 to 2004, we find that higher degrees of political instability are associated with lower growth rates of GDP per capita. Regarding the channels of transmission, we find that political instability adversely affects growth by lowering the rates of productivity growth and, to a smaller degree, physical and human capital accumulation. Finally, economic freedom and ethnic homogeneity are beneficial to growth, while democracy may have a small negative effect.
Author : Michael Spence
Publisher : Macmillan + ORM
Page : 316 pages
File Size : 44,21 MB
Release : 2011-05-10
Category : Business & Economics
ISBN : 1429968710
A Washington Post Notable Nonfiction Book for 2011 With the British Industrial Revolution, part of the world's population started to experience extraordinary economic growth—leading to enormous gaps in wealth and living standards between the industrialized West and the rest of the world. This pattern of divergence reversed after World War II, and now we are midway through a century of high and accelerating growth in the developing world and a new convergence with the advanced countries—a trend that is set to reshape the world. Michael Spence, winner of the Nobel Prize in Economic Sciences, explains what happened to cause this dramatic shift in the prospects of the five billion people who live in developing countries. The growth rates are extraordinary, and continuing them presents unprecedented challenges in governance, international coordination, and ecological sustainability. The implications for those living in the advanced countries are great but little understood. Spence clearly and boldly describes what's at stake for all of us as he looks ahead to how the global economy will develop over the next fifty years. The Next Convergence is certain to spark a heated debate how best to move forward in the post-crisis period and reset the balance between national and international economic interests, and short-term fixes and long-term sustainability.
Author :
Publisher :
Page : 300 pages
File Size : 26,24 MB
Release : 2003
Category : Computer network resources
ISBN :
Author : Ms.Era Dabla-Norris
Publisher : International Monetary Fund
Page : 39 pages
File Size : 20,21 MB
Release : 2015-06-15
Category : Business & Economics
ISBN : 1513547437
This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.
Author : Engelbert Stockhammer
Publisher : Springer
Page : 329 pages
File Size : 42,21 MB
Release : 2013-12-03
Category : Business & Economics
ISBN : 1137357932
This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.
Author : Petra Moser
Publisher : University of Chicago Press
Page : 270 pages
File Size : 11,31 MB
Release : 2021-10-08
Category : Business & Economics
ISBN : 022677905X
"The challenges facing agriculture are plenty. Along with the world's growing population and diminishing amounts of water and arable land, the gradual increase in severe weather presents new challenges and imperatives for producing new, more resilient crops to feed a more crowded planet in the twenty-first century. Innovation has historically helped agriculture keep pace with earth's social, population, and ecological changes. In the last 50 years, mechanical, biological, and chemical innovations have more than doubled agricultural output while barely changing input quantities. The ample investment behind these innovations was available because of a high rate of return: a 2007 paper found that the median ROI in agriculture was 45 percent between 1965 and 2005. This landscape has changed. Today many of the world's wealthier countries have scaled back their share of GDP devoted to agricultural R&D amid evidence of diminishing returns. Universities, which have historically been a major source of agricultural innovation, increasingly depend on funding from industry rather than government to fund their research. As Upton Sinclair wrote of the effects industry influences, "It is difficult to get a man to understand something when his salary depends upon his not understanding it." In this volume of the NBER Conference Report series, editor Petra Moser offers an empirical, applied-economic framework to the different elements of agricultural R&D, particularly as they relate to the shift from public to private funding. Individual chapters examine the sources of agricultural knowledge and investigate challenges for measuring the returns to the adoption of new agricultural technologies, examine knowledge spillovers from universities to agricultural innovation, and explore interactions between university engagement and scientific productivity. Additional analysis of agricultural venture capital point to it as an emerging and future source of resource in this essential domain"--
Author : National Research Council
Publisher : National Academies Press
Page : 451 pages
File Size : 42,52 MB
Release : 1997-10-10
Category : Political Science
ISBN : 0309057299