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NBER WORKING PAPER SERIES CAPITAL GOODS IMPORTS AND LONG-RUN GROWFH Jong-Wha Lee
... The author is grateful to Robert Barro, Susan Collins and Elhanan Helpman for their helpful comments on earlier drafts of this paper. This paper is part of NBER's research programs in Growth and International Trade and Investment. Any opinions expressed are those of the author and not those of the N ...
... The author is grateful to Robert Barro, Susan Collins and Elhanan Helpman for their helpful comments on earlier drafts of this paper. This paper is part of NBER's research programs in Growth and International Trade and Investment. Any opinions expressed are those of the author and not those of the N ...
Economic sociology as disequilibrium economics
... apply sociological analysis as labour markets often are characterized by stickiness and non-fungibility that results both from contemporary problems of race, class, and gender, and the effects of the welfare state. However, from this perspective, the more liberal an economy progressively becomes – i ...
... apply sociological analysis as labour markets often are characterized by stickiness and non-fungibility that results both from contemporary problems of race, class, and gender, and the effects of the welfare state. However, from this perspective, the more liberal an economy progressively becomes – i ...
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... his conclusion that foreign capital performs worse than domestic capital, claiming instead that foreign investment is more productive than capital from domestic sources. A large number of in-depth country studies have reported mixed results regarding the consequences of foreign investment. To name o ...
... his conclusion that foreign capital performs worse than domestic capital, claiming instead that foreign investment is more productive than capital from domestic sources. A large number of in-depth country studies have reported mixed results regarding the consequences of foreign investment. To name o ...
Government size, composition of public expenditure, and
... inhabitant of Liechtenstein lived with $222 per day, while a Zimbabwean lived with only $0.48? 1 Why is life expectancy 83 years for a Japanese and only 45 years for an Afghan? In addition to the wide differences between developed and developing countries, there are also dissimilarities within each ...
... inhabitant of Liechtenstein lived with $222 per day, while a Zimbabwean lived with only $0.48? 1 Why is life expectancy 83 years for a Japanese and only 45 years for an Afghan? In addition to the wide differences between developed and developing countries, there are also dissimilarities within each ...
Show publication content! - of Scientific Institutes
... finished, to the extent that their economies are coming to resemble those of the more developed Western European countries (Gorzelak 2008). However, some differences from one country to another can still be observed, as was demonstrated during the recent financial crisis, for example. Then, while ma ...
... finished, to the extent that their economies are coming to resemble those of the more developed Western European countries (Gorzelak 2008). However, some differences from one country to another can still be observed, as was demonstrated during the recent financial crisis, for example. Then, while ma ...
Document
... • For a country’s long-run growth, education is at least as important as investment in physical capital. • In the United States, each year of schooling raises a person’s wage, on average, by about 10 percent. • Thus, one way the government can enhance the standard of living is to provide schools and ...
... • For a country’s long-run growth, education is at least as important as investment in physical capital. • In the United States, each year of schooling raises a person’s wage, on average, by about 10 percent. • Thus, one way the government can enhance the standard of living is to provide schools and ...
Growth Convergence and Regional Disparity
... The neo-classic growth model suggests that economies with similar initial conditions would achieve similar growth rate under the assumptions of decreasing returns to factors, constant returns to scale, and similar aggregate production functions. In this type of models, the poor economy would grow fa ...
... The neo-classic growth model suggests that economies with similar initial conditions would achieve similar growth rate under the assumptions of decreasing returns to factors, constant returns to scale, and similar aggregate production functions. In this type of models, the poor economy would grow fa ...
WP32.2
... record of the government (The Age, June 1, 2006), instead highlighting foreign government meddling and anti-government destabilisation strategies (Anderson 2006). In neither account is there a critical engagement with how East Timor’s long political economy of state building – including the latest, ...
... record of the government (The Age, June 1, 2006), instead highlighting foreign government meddling and anti-government destabilisation strategies (Anderson 2006). In neither account is there a critical engagement with how East Timor’s long political economy of state building – including the latest, ...
Natural Resources and Economic Growth: From Dependence to
... Channel 1: The Dutch disease and foreign capital An overvalued currency was the first symptom associated with the Dutch disease following the discovery of natural gas deposits within the jurisdiction of the Netherlands in the North Sea in the late 1950s and early 1960s, but subsequently several othe ...
... Channel 1: The Dutch disease and foreign capital An overvalued currency was the first symptom associated with the Dutch disease following the discovery of natural gas deposits within the jurisdiction of the Netherlands in the North Sea in the late 1950s and early 1960s, but subsequently several othe ...
MARKET AND ECONOMY (CSME) AND THE EU
... have made sugar, rice, rum, and banana exports uncompetitive for the past two decades. These factors, combined with the impact of externalities such as natural disasters and low international commodity prices have made preferential market access negotiated under the Lomé Conventions critical to the ...
... have made sugar, rice, rum, and banana exports uncompetitive for the past two decades. These factors, combined with the impact of externalities such as natural disasters and low international commodity prices have made preferential market access negotiated under the Lomé Conventions critical to the ...
Life Cycle Savings, Bequest, and the Diminishing Impact of Scale on
... framework. If we turn to data for current day developed economies, the relative importance of bequests and life-cycles savings in capital accumulation remains unresolved (Dynan et al., 2002). Hence, from this perspective it is not obvious which framework is a better stylized representation of the pr ...
... framework. If we turn to data for current day developed economies, the relative importance of bequests and life-cycles savings in capital accumulation remains unresolved (Dynan et al., 2002). Hence, from this perspective it is not obvious which framework is a better stylized representation of the pr ...
The role of energy in economic growth: a two
... perpetual motion system, the economy should be described as a large materials-processing chain [6], powered by two growth engines (or feedback cycles): the continuing decline of the real price paid for physical resources, specially energy and power delivered to the point of use (resource use growth ...
... perpetual motion system, the economy should be described as a large materials-processing chain [6], powered by two growth engines (or feedback cycles): the continuing decline of the real price paid for physical resources, specially energy and power delivered to the point of use (resource use growth ...
Defining Knowledge-Driven Economic Dynamism in the World
... knowledge, which enhances total factor productivity and economic growth. Basic education is essential because it improves peoples’ capacity to learn and to use information. Higher education is also important since it is associated with both the production of new knowledge and efficient adaptation an ...
... knowledge, which enhances total factor productivity and economic growth. Basic education is essential because it improves peoples’ capacity to learn and to use information. Higher education is also important since it is associated with both the production of new knowledge and efficient adaptation an ...
Remittances or technological diffusion: Which is more important for
... the modeling of Coe and Helpman 1995, Coe et al. 1997, and Engelbrecht 1997), the adoption of foreign technology (either through direct technology transfer, e.g. Soete and Patel 1985, or foreign direct investment, e.g. Borensztein et al. 1998, van Pottelsberghe and Lichtenberg 2001), or the acquisit ...
... the modeling of Coe and Helpman 1995, Coe et al. 1997, and Engelbrecht 1997), the adoption of foreign technology (either through direct technology transfer, e.g. Soete and Patel 1985, or foreign direct investment, e.g. Borensztein et al. 1998, van Pottelsberghe and Lichtenberg 2001), or the acquisit ...
Barriers to Accumulation and Productivity Differences in a
... As discussed above, this conclusion stands in contrast to studies such as Mankiw et al. (1992), and Chari, Kehoe and McGratten (1997). Likewise the potential role of this type of distortion has been emphasized by Easterly (1993), Jones (1994) Restuccia and Urrutia (2001), who find that many developi ...
... As discussed above, this conclusion stands in contrast to studies such as Mankiw et al. (1992), and Chari, Kehoe and McGratten (1997). Likewise the potential role of this type of distortion has been emphasized by Easterly (1993), Jones (1994) Restuccia and Urrutia (2001), who find that many developi ...
Argentina`s Lost Decade and Subsequent Recovery
... that the observed capital–output ratio for Argentina was still in an upward trend by the time it reached values of around 1.9 in 1978 and 1979, we adopted 2 as a reasonable guess for the value of that ratio in the long run.5 That calibrated capital–output ratio, along with the investment-output shar ...
... that the observed capital–output ratio for Argentina was still in an upward trend by the time it reached values of around 1.9 in 1978 and 1979, we adopted 2 as a reasonable guess for the value of that ratio in the long run.5 That calibrated capital–output ratio, along with the investment-output shar ...
A Special Report on the Great Lakes and St. Lawrence Regional
... nature of our region’s infrastructure, industries and trade patterns. In an increasingly globalized economy, connections within our region and with the world are keys to future prosperity. By working together toward shared goals, we can more effectively grow our State and Provincial economies while ...
... nature of our region’s infrastructure, industries and trade patterns. In an increasingly globalized economy, connections within our region and with the world are keys to future prosperity. By working together toward shared goals, we can more effectively grow our State and Provincial economies while ...
Macroeconomic Policy, Growth And Poverty Reduction Terry McKinley
... policies. Of particular concern is a worsening of inequality that is brought about by the declining share of income of poor households. Such a trend indicates that unless a country’s growth is exceedingly rapid, its development strategy and macroeconomic policies will tend to reproduce poverty rath ...
... policies. Of particular concern is a worsening of inequality that is brought about by the declining share of income of poor households. Such a trend indicates that unless a country’s growth is exceedingly rapid, its development strategy and macroeconomic policies will tend to reproduce poverty rath ...
Economics R. Glenn Hubbard, Anthony Patrick O`Brien, 2e.
... economic growth which emphasizes that technological change is influenced by economic incentives and so is determined by the working of the market system. Key determinant: Knowledge capital Physical capital: diminishing return Knowledge capital: increasing return at the level of the economy!! ...
... economic growth which emphasizes that technological change is influenced by economic incentives and so is determined by the working of the market system. Key determinant: Knowledge capital Physical capital: diminishing return Knowledge capital: increasing return at the level of the economy!! ...
The role of FDI on economic growth in Malaysia
... attention in the current economic literature. The traditional view is that an inflow of FDI promotes economic growth by increasing the host country’s capital stock. Recent literatures focused on the role of FDI as a channel of technology transfer from the home country to the host country. According ...
... attention in the current economic literature. The traditional view is that an inflow of FDI promotes economic growth by increasing the host country’s capital stock. Recent literatures focused on the role of FDI as a channel of technology transfer from the home country to the host country. According ...
Global economic conditions survey report: Q1, 2016
... it harder to cope with rising wages now that their revenue is under pressure. The sharp drop in many currencies against the US dollar will have also pushed up costs, making imports more expensive and raising the local-currency value of dollardenominated debts. After the opportunity to lower costs, b ...
... it harder to cope with rising wages now that their revenue is under pressure. The sharp drop in many currencies against the US dollar will have also pushed up costs, making imports more expensive and raising the local-currency value of dollardenominated debts. After the opportunity to lower costs, b ...
Economic Development - Department of Higher Education
... reachable level. For example the UrbanPlan curriculum states: "Economic development—A term generally applied to the expansion of a community‘s property and sales tax base or the expansion of the number of jobs through office, retail, and industrial development." An interesting Cornell article expand ...
... reachable level. For example the UrbanPlan curriculum states: "Economic development—A term generally applied to the expansion of a community‘s property and sales tax base or the expansion of the number of jobs through office, retail, and industrial development." An interesting Cornell article expand ...
Nature, Development and Distribution in Latin America Evidence on
... In the last column of the table we include two variables that have been the focus of attention in some recent studies of economic growth, and which could be mechanisms through which natural resource intensity affects economic outcomes. The first is a measure of the volatility of the underlying macro ...
... In the last column of the table we include two variables that have been the focus of attention in some recent studies of economic growth, and which could be mechanisms through which natural resource intensity affects economic outcomes. The first is a measure of the volatility of the underlying macro ...
How Political Economies Change: The Evolution of Growth Regimes
... These growth regimes shift over time, as governments and firms react to secular developments that alter the economic challenges facing them. To simplify the account, I associate the relevant challenges with three eras in the postwar experience – eras of modernization, liberalization, and knowledge- ...
... These growth regimes shift over time, as governments and firms react to secular developments that alter the economic challenges facing them. To simplify the account, I associate the relevant challenges with three eras in the postwar experience – eras of modernization, liberalization, and knowledge- ...
Macedonia: The Road of Transition to Prosperity
... While macroeconomic policies are positively correlated with economic growth, the argument that prioritize such policies do not seem to explain the more direct reason behind the low economic growth of some transition countries. In terms of stabilization policies, empirical data on inflation and growt ...
... While macroeconomic policies are positively correlated with economic growth, the argument that prioritize such policies do not seem to explain the more direct reason behind the low economic growth of some transition countries. In terms of stabilization policies, empirical data on inflation and growt ...
Uneven and combined development
![](https://commons.wikimedia.org/wiki/Special:FilePath/Puerto_del_Huasco.jpg?width=300)
Uneven and combined development (or unequal and combined development) is a Marxist concept to describe the overall dynamics of human history. It was originally used by the Russian revolutionary Leon Trotsky around the turn of the 20th century, when he was analyzing the developmental possibilities that existed for the economy and civilization in the Russian empire, and the likely future of the Tsarist regime in Russia. It was the basis of his political strategy of permanent revolution, which implied a rejection of the idea that a human society inevitably developed through a uni-linear sequence of necessary ""stages"". Trotsky's ideas matured under the influence of Georg Vollmar's study of a possibility of socialism in one country, as well as John Hobson, Rudolf Hilferding and Vladimir Lenin's studies of imperialism. Also before Trotsky, Nikolay Chernyshevsky and Vasily Vorontsov proposed a similar idea. The concept is still used today by Trotskyists and other Marxists concerned with world politics.