The evolution of economic convergence in the
... and the literature has so far led to mixed conclusions, the issue of real income convergence among European countries remains thus highly controversial. One strand of the literature analyzes convergence at the regional level. For example, in an early paper, Quah (1996) argues that European regions ...
... and the literature has so far led to mixed conclusions, the issue of real income convergence among European countries remains thus highly controversial. One strand of the literature analyzes convergence at the regional level. For example, in an early paper, Quah (1996) argues that European regions ...
Document
... • From an empirical point of view, the association of higher growth rates to a change of income distribution in favour of profits is not particularly robust. If anything, real wages would tend to rise during periods of faster accumulation and higher labour demand as a consequence of the greater work ...
... • From an empirical point of view, the association of higher growth rates to a change of income distribution in favour of profits is not particularly robust. If anything, real wages would tend to rise during periods of faster accumulation and higher labour demand as a consequence of the greater work ...
The spontaneous generation of excess and its capitalist capture
... the assemblage (that generates excess), are recognized for their virtual reality in all social formations, although they appear in historically different forms (e.g. as surplus value or profit in capitalism) in which the potentials actualized are different. The approach I take, then, reverses that o ...
... the assemblage (that generates excess), are recognized for their virtual reality in all social formations, although they appear in historically different forms (e.g. as surplus value or profit in capitalism) in which the potentials actualized are different. The approach I take, then, reverses that o ...
solving the productivity conundrum
... of the decoupling between frontier and non-frontier firms. However, the phenomenon concerns all sectors and countries despite the variety of policies implemented and institutions. Therefore, there must be another overarching factor at play. One possible explanation is the nature of technical progress ...
... of the decoupling between frontier and non-frontier firms. However, the phenomenon concerns all sectors and countries despite the variety of policies implemented and institutions. Therefore, there must be another overarching factor at play. One possible explanation is the nature of technical progress ...
Surviving the recession and the recovery: the SME story
... The two years from the fourth quarter of 2011 marked a period of continued economic turbulence, with slowing economic growth in Asia’s major economies, the slow resolution of the Eurozone crisis and renewed hope that continued signs of economic recovery in the US are signalling a global trend for a ...
... The two years from the fourth quarter of 2011 marked a period of continued economic turbulence, with slowing economic growth in Asia’s major economies, the slow resolution of the Eurozone crisis and renewed hope that continued signs of economic recovery in the US are signalling a global trend for a ...
Health, Development, and the Demographic Transition Matteo Cervellati Uwe Sunde Version 1.1
... Email: [email protected] (corresponding author). ...
... Email: [email protected] (corresponding author). ...
THE CONTINUING RELEVANCE OF FRED - dinamia`cet-iul
... The above quotation sums up one of the most important insights developed by Fred Hirsh in Social Limits to Growth, published in 1976. This article is an effort to bring into contemporary debate the analysis forged in this remarkable and much neglected work of economic theory. As with almost all ambi ...
... The above quotation sums up one of the most important insights developed by Fred Hirsh in Social Limits to Growth, published in 1976. This article is an effort to bring into contemporary debate the analysis forged in this remarkable and much neglected work of economic theory. As with almost all ambi ...
Shifting to a Green Economy - Stockholm Environment Institute
... In the face of increasingly likely dangerous climate change, many developing countries are designing green economy or low-emissions development strategies, but are simultaneously on a course of investment locking them into high-emission infrastructure. Meanwhile, many high-income countries are worki ...
... In the face of increasingly likely dangerous climate change, many developing countries are designing green economy or low-emissions development strategies, but are simultaneously on a course of investment locking them into high-emission infrastructure. Meanwhile, many high-income countries are worki ...
Foreign Direct Investment and Economic Growth in the European
... generally enjoy a larger share of home and host country exports and imports than they do of output.... this is partly explained by their being concentrated in tradeintensive sectors, and partly because their trading propensity in any given sector tends to be greater than that of national or indigeno ...
... generally enjoy a larger share of home and host country exports and imports than they do of output.... this is partly explained by their being concentrated in tradeintensive sectors, and partly because their trading propensity in any given sector tends to be greater than that of national or indigeno ...
Draft Reflecting on Development Outcomes: A
... Under this rubric, trade, investment as well education and human capital development have received the most attention. Regarding trade, at least three channels have been identified through which it affects growth. First, by allowing countries to exploit their comparative advantage, trade leads to ga ...
... Under this rubric, trade, investment as well education and human capital development have received the most attention. Regarding trade, at least three channels have been identified through which it affects growth. First, by allowing countries to exploit their comparative advantage, trade leads to ga ...
Resumen - Universidad Complutense de Madrid
... Foreign direct investment is analyzed in the present paper as an integrating factor of transition economies 1 into globalization. From this point of view, all developing countries are also, to some extent, "in transition" towards their integration into globalization. But this integration is uneven a ...
... Foreign direct investment is analyzed in the present paper as an integrating factor of transition economies 1 into globalization. From this point of view, all developing countries are also, to some extent, "in transition" towards their integration into globalization. But this integration is uneven a ...
Principles of Economic Growth
... depreciate more rapidly than before? … depends on whether more has been ‘added to it by the good conduct of some, than had been taken from it either by the private misconduct of others, or by the publick extravagance of government’ (Smith) Therefore, if the depreciation of capital is sufficiently ra ...
... depreciate more rapidly than before? … depends on whether more has been ‘added to it by the good conduct of some, than had been taken from it either by the private misconduct of others, or by the publick extravagance of government’ (Smith) Therefore, if the depreciation of capital is sufficiently ra ...
SUSTAINABLE DYNAMISM: A Regional Economic Development
... new-firm formation that will produce a sustainable process, whereby new products and services are continually introduced into the market. In addition, the critical role of workforce development policies and programs are addressed. To that end, the first volume lays out specific programs and strategi ...
... new-firm formation that will produce a sustainable process, whereby new products and services are continually introduced into the market. In addition, the critical role of workforce development policies and programs are addressed. To that end, the first volume lays out specific programs and strategi ...
Globalization: Definition, Processes and Concepts
... "central" economies , such as U.S., where capital and technical expertise tend to be blocked. There was also a shift of power, far away from nation states and, as some argue, from multinational corporations. We have seen the growth and globalization of the "brand" It is not just large corporations ...
... "central" economies , such as U.S., where capital and technical expertise tend to be blocked. There was also a shift of power, far away from nation states and, as some argue, from multinational corporations. We have seen the growth and globalization of the "brand" It is not just large corporations ...
Working Paper 147
... distribution. My focus will be on those theories that can help us understand the relationship between these two variables in modern, industrialised economies. In these countries, the growth process is the result of a combination of technological change, capital accumulation -either physical or human ...
... distribution. My focus will be on those theories that can help us understand the relationship between these two variables in modern, industrialised economies. In these countries, the growth process is the result of a combination of technological change, capital accumulation -either physical or human ...
NBER WORKING PAPER SERIES CAPITAL CONTROLS, CAPITAL FLOW CONTRACTIONS, AND MACROECONOMIC VULNERABILITY
... Countries that for years had been praised as examples of how to conduct economic policy were subject to abrupt stops of capital inflows and had to devalue their currencies. As the crisis deepened, contagion spread to other emerging nations, affecting countries as far as Latin America. In many ways, ...
... Countries that for years had been praised as examples of how to conduct economic policy were subject to abrupt stops of capital inflows and had to devalue their currencies. As the crisis deepened, contagion spread to other emerging nations, affecting countries as far as Latin America. In many ways, ...
CAPITAL FLOWS AND THEIR IMPLICATION FOR CENTRAL BANK
... capital accounts. In Mongolian case, economic liberalization, such as reduction of price controls, floating exchange rates, the privatization of state-owned enterprises and trade and capital liberalization processes, was implemented in 1990s. Most of the changes had occurred between 1990 and 1993. A ...
... capital accounts. In Mongolian case, economic liberalization, such as reduction of price controls, floating exchange rates, the privatization of state-owned enterprises and trade and capital liberalization processes, was implemented in 1990s. Most of the changes had occurred between 1990 and 1993. A ...
Economic Growth: the Solow Model Why Study Economic Growth?
... e. On the same graph, plot the marginal product of labor using the values you just calculated. f. What happens to the marginal product of labor when the economy’s stock of capital increases? 2. In Lecture 3, you learned that a firm hires labor up to the point where the wage equals the price times th ...
... e. On the same graph, plot the marginal product of labor using the values you just calculated. f. What happens to the marginal product of labor when the economy’s stock of capital increases? 2. In Lecture 3, you learned that a firm hires labor up to the point where the wage equals the price times th ...
A BIT Goes a Long Way: Bilateral Investment Treaties and Cross
... of the treaty may be somewhat endogenous to economic conditions and capital flows, the bilateral nature of the treaties allow us to control for these other factors that make investment attractive in a particular country. For example, the United Kingdom signed a BIT with Nigeria in 1990 but the Unite ...
... of the treaty may be somewhat endogenous to economic conditions and capital flows, the bilateral nature of the treaties allow us to control for these other factors that make investment attractive in a particular country. For example, the United Kingdom signed a BIT with Nigeria in 1990 but the Unite ...
Private Investment and Economic growth
... 1990; Serven and Solimano, 1992), although some studies have shown a possibly larger contribution of public capital to economic growth (Ram, 1996). ...
... 1990; Serven and Solimano, 1992), although some studies have shown a possibly larger contribution of public capital to economic growth (Ram, 1996). ...
RABE-DISSERTATION-2015 - JScholarship
... from rich to poor countries?” According to standard neoclassical economic models, relatively capital-starved developing countries ought to exhibit relatively higher marginal productivities of capital and therefore attract more investment funds from around the world. However, capital flows from develo ...
... from rich to poor countries?” According to standard neoclassical economic models, relatively capital-starved developing countries ought to exhibit relatively higher marginal productivities of capital and therefore attract more investment funds from around the world. However, capital flows from develo ...
It`s Not a Minsky Moment, It`s a Minsky Era, Or: Inevitable Instability
... The economist Hyman P. Minsky wrote extensively and prolifically throughout the latter half of the 20th century. Hardly anybody listened.2 When the storm broke in 2007 a number of financial journalists discovered, or thought they had discovered, him and his work and began to talk about a ‘Minsky Mom ...
... The economist Hyman P. Minsky wrote extensively and prolifically throughout the latter half of the 20th century. Hardly anybody listened.2 When the storm broke in 2007 a number of financial journalists discovered, or thought they had discovered, him and his work and began to talk about a ‘Minsky Mom ...
Real Business Cycles
... markets (employment/output) • Capital markets determine the impact on future labor markets (Investment today affects the capital stock in the future) ...
... markets (employment/output) • Capital markets determine the impact on future labor markets (Investment today affects the capital stock in the future) ...
fep working papers fep working papers
... of new technologies introduced by multinationals leads to a reduction of R&D costs of firms that receive these technologies. In this way, these firms become more competitive (Berthélemy and Démurger, 2000). Loungani and Razin (2001) argue that the transfer of technology could achieve gains that coul ...
... of new technologies introduced by multinationals leads to a reduction of R&D costs of firms that receive these technologies. In this way, these firms become more competitive (Berthélemy and Démurger, 2000). Loungani and Razin (2001) argue that the transfer of technology could achieve gains that coul ...
The Contribution of Government Expenditure on Economic Growth
... in capital projects or infrastructural development ought to constitute significant proportion of her total public sector expenditure to lay the foundation for economic growth and sustainable development, but this has not been the case in Nigeria. However, we are careful not to jump to the conclusion ...
... in capital projects or infrastructural development ought to constitute significant proportion of her total public sector expenditure to lay the foundation for economic growth and sustainable development, but this has not been the case in Nigeria. However, we are careful not to jump to the conclusion ...
Uneven and combined development
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.