2024-03-28T12:06:42Z
https://mpra.ub.uni-muenchen.de/cgi/oai2
oai:mpra.ub.uni-muenchen.de:98
2019-09-27T02:34:37Z
7374617475733D707562
7375626A656374733D52:5231:523131
7375626A656374733D4F:4F31:4F3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/98/
Domestic and International Knowledge Spillovers in the South Korean Manufacturing Industries.
Singh, Lakhwinder
R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
O11 - Macroeconomic Analyses of Economic Development
This paper explores the relationship between the productivity growth and both domestic and international knowledge spillovers in the Korean manufacturing industries, using panel data for twenty eight industries over the period 1970-2000. To empirically verify the extent of domestic and international knowledge spillovers we have followed endogenous growth approach and wisdom from new international trade theory. We find strong productivity effects from industry’s own R&D as well as domestic and foreign knowledge spillovers. International knowledge spillovers transmitted by trade played dominant role in explaining productivity growth in the Korean manufacturing industries during the 1970s and 1980s, but the international knowledge spillovers did not play any significant role in the 1990s. This empirical finding has strong implications for the Korean technology policy as well as for the strict intellectual property rights regime enacted by the WTO.
2006-10-04
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/98/1/MPRA_paper_98.pdf
Singh, Lakhwinder (2006): Domestic and International Knowledge Spillovers in the South Korean Manufacturing Industries. Published in: Economic and Political Weekly , Vol. Vol. 3, No. No.5 (30 January 2004): pp. 498-505.
en
oai:mpra.ub.uni-muenchen.de:116
2019-10-04T19:33:42Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D45:4530:453030
7375626A656374733D43:4335:433531
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/116/
Boating Against the Current: The Advance-Retreat Analysis for Socio-Economic Process
Feng, Dai
O11 - Macroeconomic Analyses of Economic Development
E00 - General
C51 - Model Construction and Estimation
Boating against the current is a kind of human behavior which can generalize many real socio-economic processes. Starting from the view of point, this paper suggests the problem for advance-retreat course and builds the general analytic models of advance-retreat. By the models, we could see the endogenous resistances, instead of exogenous resistances, causes the periodic fluctuation in socio-economic process, and get the critical condition under which the periodic fluctuation is occured. A series of results for developing motivity and investing strategies are obtained. Finally, the conclusions and strategies are illuminated to be rational and maneuverable by two examples.
2006-10-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/116/1/MPRA_paper_116.pdf
Feng, Dai (2006): Boating Against the Current: The Advance-Retreat Analysis for Socio-Economic Process.
en
oai:mpra.ub.uni-muenchen.de:117
2019-10-05T05:41:21Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D43:4337:433733
7375626A656374733D45:4531:453137
7375626A656374733D43:4335:433533
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/117/
The Stochastic Advance-Retreat Course: An Approach to Analyse Social-Economic Evolution
Feng, Dai
Yuan-Zheng, Zhong
O11 - Macroeconomic Analyses of Economic Development
C73 - Stochastic and Dynamic Games ; Evolutionary Games ; Repeated Games
E17 - Forecasting and Simulation: Models and Applications
C53 - Forecasting and Prediction Methods ; Simulation Methods
The paper presents the basic theory and conceptual model for advance-retreat course and provides the analytic model the stochastic advance-retreat course and the solving method of it, discusses the relations between the endogenous resistance and subject interests increase with the periodic vibration in an advance-retreat course, gets some results, like heightening appropriately the risk-free interest rate will be favorable to subject interests’ increasing in stable, interests increasing in high-speed will result in the fast increase of resistance, the subject progress in a appropriate pace may bring the conclusion such as lasting interests increase and return with higher-level interests, etc. Finally, the empirical researches empirical, on data of USA GDP (chained) price index, has been made to the stochastic advance-retreat model, and the results show that the stochastic advance-retreat model can describe USA economic development process in recent 65 years.
2006-10-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/117/1/MPRA_paper_117.pdf
Feng, Dai and Yuan-Zheng, Zhong (2006): The Stochastic Advance-Retreat Course: An Approach to Analyse Social-Economic Evolution.
en
oai:mpra.ub.uni-muenchen.de:646
2019-10-05T16:39:10Z
7374617475733D707562
7375626A656374733D4F:4F35:4F3535
7375626A656374733D4C:4C37:4C3739
7375626A656374733D46:4630:463031
7375626A656374733D4F:4F31:4F3131
7375626A656374733D43:4334:433434
7375626A656374733D43:4335:433531
7375626A656374733D4F:4F32:4F3231
7375626A656374733D4F:4F31:4F3139
7375626A656374733D51:5131:513133
7375626A656374733D4D:4D33:4D3331
7375626A656374733D44:4434:443431
7375626A656374733D4C:4C31:4C3131
7375626A656374733D4F:4F32:4F3234
7375626A656374733D51:5131:513137
7375626A656374733D43:4332:433232
7375626A656374733D46:4631:463134
7375626A656374733D44:4434:443430
7375626A656374733D46:4631:463133
7375626A656374733D45:4533:453330
7375626A656374733D4F:4F31:4F3133
7375626A656374733D4C:4C37:4C3738
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/646/
Causality and Efficiency in the Coffee Futures Market
Kebede, Yohannes
O55 - Africa
L79 - Other
F01 - Global Outlook
O11 - Macroeconomic Analyses of Economic Development
C44 - Operations Research ; Statistical Decision Theory
C51 - Model Construction and Estimation
O21 - Planning Models ; Planning Policy
O19 - International Linkages to Development ; Role of International Organizations
Q13 - Agricultural Markets and Marketing ; Cooperatives ; Agribusiness
M31 - Marketing
D41 - Perfect Competition
L11 - Production, Pricing, and Market Structure ; Size Distribution of Firms
O24 - Trade Policy ; Factor Movement Policy ; Foreign Exchange Policy
Q17 - Agriculture in International Trade
C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes
F14 - Empirical Studies of Trade
D40 - General
F13 - Trade Policy ; International Trade Organizations
E30 - General
O13 - Agriculture ; Natural Resources ; Energy ; Environment ; Other Primary Products
L78 - Government Policy
Tests for causality and rationality in the coffee futures market were carried out using data from the New York Market. Tests of causality indicated that futures prices strongly influence variations in spot price eight weeks or more to maturity. However, beginning seven weeks to maturity there seems to be a strong causal relationship going from futures to spot and from spot to futures. Risk constancy or neutrality, equality of risk premium and spot price, and efficiency were rejected for the period 18, 51, and 33 weeks or more to maturity. However, simultaneity of risk neutrality and efficiency was accepted for contracts with 55-77 weeks to maturity. The general conclusion from this study is that coffee futures market can be used as an indicator of spot market prices for contracts with 55-77 weeks to maturity. While benefits can be obtained through short term adjustment of available stock and making use of quality storage facilities, planning longer term planting and marketing decisions (e.g., ≥ 77 weeks) on the basis of futures market price can result in misallocation of resources and welfare loss.
1992-03-06
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/646/1/MPRA_paper_646.pdf
Kebede, Yohannes (1992): Causality and Efficiency in the Coffee Futures Market. Published in: Journal of International Food & Agribusiness Marketing , Vol. 5, No. 1 (1993): pp. 55-71.
en
oai:mpra.ub.uni-muenchen.de:715
2019-10-02T04:40:13Z
7374617475733D756E707562
7375626A656374733D4F:4F34:4F3430
7375626A656374733D47:4732:473230
7375626A656374733D4F:4F31:4F3136
7375626A656374733D4F:4F31:4F3131
7375626A656374733D47:4731:473130
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/715/
Finance and growth in a small open emerging market
Law, Siong Hook
Azman-Saini, W.N.W.
Smith, Peter
O40 - General
G20 - General
O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance
O11 - Macroeconomic Analyses of Economic Development
G10 - General
This study contributes to the debate on financial development and economic growth in Malaysia using quarterly observations for a sample period from 1980 to 2002. It utilises a battery of financial indicators. Based on multivariate framework which takes real interest rate and capital stock into account, the findings are suggestive that finance does play a crucial role in promoting economic growth. Policymakers should, therefore, focus their attention on the creation and promotion of modern financial institutions including banks, non-banks, and stock markets in delivering both short- and long-run economic benefits.
2006-10
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/715/1/MPRA_paper_715.pdf
Law, Siong Hook and Azman-Saini, W.N.W. and Smith, Peter (2006): Finance and growth in a small open emerging market.
en
oai:mpra.ub.uni-muenchen.de:1055
2019-09-26T22:05:01Z
7374617475733D707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F31:4F3133
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/1055/
Rethinking the Role of the Agricultural Sector in the Thai Economy and Its Income Distribution: A SAM Analysis
Thaiprasert, Nalitra
O11 - Macroeconomic Analyses of Economic Development
O13 - Agriculture ; Natural Resources ; Energy ; Environment ; Other Primary Products
The Agricultural sector has played a significant role in the Thai economy. It has been an engine of Thai industrial growth in the past. Its various kinds of good-quality agricultural produce and its strong comparative advantage are globally well-known. However, Thai agriculture has been devitalized since the 1980s and its population has been excluded from the country’s rapid development and growth opportunities. The bias of government policies has been the main cause of the depressed agrarian conditions. This paper investigates potential for reviving the role of the agricultural sector in the Thai economy and improving its income distribution, using a Social Accounting Matrix(SAM)for analysis. It studies how stimulations of the Thai agricultural sector would affect the Thai economy and its income distribution compared to the manufacturing industrial sectors. Results from the policy simulations show clearly that agricultural and agricultural-processing sectors in Thailand have higher potential to increase domestic production through linkage or multiplier effects compared to that of manufacturing industrial sector. The agricultural and agricultural-processing sectors also have better potentials to generate more income to different households, to create better income distribution, and to induce more savings in the country.
2004-08
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/1055/1/MPRA_paper_1055.pdf
Thaiprasert, Nalitra (2004): Rethinking the Role of the Agricultural Sector in the Thai Economy and Its Income Distribution: A SAM Analysis. Published in: Forum of International Development Studies , Vol. August, No. 27 (August 2004): pp. 187-212.
en
oai:mpra.ub.uni-muenchen.de:1089
2019-09-27T04:17:44Z
7374617475733D707562
7375626A656374733D4F:4F34:4F3431
7375626A656374733D59:5934
7375626A656374733D4F:4F34
7375626A656374733D4F:4F32:4F3231
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F32:4F3234
7375626A656374733D4F:4F31:4F3133
7375626A656374733D4F:4F31
7375626A656374733D4F:4F31:4F3134
7375626A656374733D4F:4F32
7375626A656374733D4F:4F31:4F3138
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/1089/
Rethinking the Role of Agriculture and Agro-Industry in the Economic Development of Thailand: Input-Output and CGE Analyses (Ph.D. Dissertation)
Thaiprasert, Nalitra
O41 - One, Two, and Multisector Growth Models
Y4 - Dissertations (unclassified)
O4 - Economic Growth and Aggregate Productivity
O21 - Planning Models ; Planning Policy
O11 - Macroeconomic Analyses of Economic Development
O24 - Trade Policy ; Factor Movement Policy ; Foreign Exchange Policy
O13 - Agriculture ; Natural Resources ; Energy ; Environment ; Other Primary Products
O1 - Economic Development
O14 - Industrialization ; Manufacturing and Service Industries ; Choice of Technology
O2 - Development Planning and Policy
O18 - Urban, Rural, Regional, and Transportation Analysis ; Housing ; Infrastructure
Thailand’s economic development has been quite successful in terms of achieving high growth rate and reasonable per capita income. The country’s economic performance in terms of the transformation of production and exports are tending toward the normal pattern of increasing share of manufactured products. However, the major problems Thailand is still facing are the late reduction of its agricultural labor force, inequality that has occurred as a result of the development process, and problems in potential of manufacturing industrial sectors. These three issues are made the main discussions of this dissertation. In addition, structural transformation in Thailand has posed many difficulties for the development of Thai agriculture, which is closely related to the welfare of the poor in the rural areas. Therefore, to tackle income distribution problems directly requires that farmers be given new opportunities. Agro-industry and high value-added agricultural sectors were proposed as the key sectors to improve inequality problems, smoothen employment transformation, generate high growth and induce high output production, and act as a bridge connecting Thai primary agriculture with the modern sectors. Agro-industry was proposed to be promoted in the rural areas for closer input locations, to shift agricultural workers from primary agriculture, to improve the real wage of farmers, and to prevent extensive urban migration. Qualitative analysis, input-output analysis, SAM analysis, and CGE analysis were applied to aid the discussions, prove the hypothesis, and achieve the objective.
2006-04
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/1089/1/MPRA_paper_1089.pdf
Thaiprasert, Nalitra (2006): Rethinking the Role of Agriculture and Agro-Industry in the Economic Development of Thailand: Input-Output and CGE Analyses (Ph.D. Dissertation). Published in: (April 2006): i-344.
en
oai:mpra.ub.uni-muenchen.de:1191
2019-10-01T04:46:40Z
7374617475733D707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4B:4B32
7375626A656374733D4A:4A38:4A3830
7375626A656374733D48:4835:483530
7375626A656374733D49:4933:493331
7375626A656374733D49:4933
7375626A656374733D4A:4A30:4A3031
7375626A656374733D50:5031:503136
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/1191/
La Sociedad Civil, el bienestar social y las transformaciones del Estado en Costa Rica
Reuben, Sergio
O11 - Macroeconomic Analyses of Economic Development
K2 - Regulation and Business Law
J80 - General
H50 - General
I31 - General Welfare, Well-Being
I3 - Welfare, Well-Being, and Poverty
J01 - Labor Economics: General
P16 - Political Economy
This paper select the theoretical point of view of the “Regulation” to analyze the currents chan-ges in the Costa Rica’s State. This point of view is used to explain the orientation of the social policies after the economic shock of the 80’s and the reorientation of the costarrican’s Welfare State or “estado desarrollista” into a neo-liberal state incapable to attend the development re-quirements in the historical and social conditions of Latin America. Ends with a abstracts pro-posal for establish a new social contract.
2004-07-13
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/1191/1/MPRA_paper_1191.pdf
Reuben, Sergio (2004): La Sociedad Civil, el bienestar social y las transformaciones del Estado en Costa Rica. Published in: Reflexiones , Vol. 83, No. 1 (2004): pp. 21-30.
es
oai:mpra.ub.uni-muenchen.de:1211
2019-09-26T08:18:00Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F31
7375626A656374733D4F:4F31:4F3139
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/1211/
Impact of Foreign Aid on Economic Development in Pakistan [1960-2002]
Mohey-ud-din, Ghulam
O11 - Macroeconomic Analyses of Economic Development
O1 - Economic Development
O19 - International Linkages to Development ; Role of International Organizations
The Two-Gap Model suggests that the Poor countries have to rely on the foreign
resources to fill the two Gaps: Import-Export Gap and the Savings-Investment Gap.
There are many forms of the foreign resources like FDI (Foreign Direct Investment),
External loans & Credit, technical assistance, Project & non-project aid etc. But
UDC’s (including Pakistan) don’t have the investment friendly policies. So, they have
to rely on the Foreign aid and Debt rather than FDI and portfolio investments. The
role of these external resources always remains questionable.
This paper analyzes the trends and structure of the foreign aid in Pakistan during
1960-2002 and its role and effectiveness in the economic development in Pakistan.
2005-06
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/1211/1/MPRA_paper_1211.pdf
Mohey-ud-din, Ghulam (2005): Impact of Foreign Aid on Economic Development in Pakistan [1960-2002].
en
oai:mpra.ub.uni-muenchen.de:1233
2019-09-27T20:51:10Z
7374617475733D707562
7375626A656374733D4F:4F31:4F3139
7375626A656374733D4F:4F31
7375626A656374733D4F:4F31:4F3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/1233/
Impact of Foreign Capital Inflows (FCI) on Economic Growth in Pakistan [1975-2004]
Mohey-ud-din, Ghulam
O19 - International Linkages to Development ; Role of International Organizations
O1 - Economic Development
O11 - Macroeconomic Analyses of Economic Development
The Two-Gap Model suggests that the Poor countries have to rely on the foreign capital inflows (FCI) to fill the two Gaps: Import-Export Gap and the Savings-Investment Gap. There are many forms of the foreign capital inflows like FDI (Foreign Direct Investment), External loans & Credit, technical assistance, Project & non-project aid etc. So, UDC’s (including Pakistan) have to rely on the Foreign aid, Debt FDI and portfolio investments. The role of these external resources (FCI) always remains questionable. This paper analyzes the impact of the foreign capital inflow on GDP Growth in Pakistan during 1975-2004.
2006-06
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/1233/1/MPRA_paper_1233.pdf
Mohey-ud-din, Ghulam (2006): Impact of Foreign Capital Inflows (FCI) on Economic Growth in Pakistan [1975-2004]. Published in: Journal of Independent Studies and Research (JISR) , Vol. 5, No. 1 (January 2007): pp. 24-29.
en
oai:mpra.ub.uni-muenchen.de:1263
2019-09-26T20:33:31Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D46:4635:463530
7375626A656374733D42:4234:423430
7375626A656374733D46:4635:463534
7375626A656374733D51:5134:513433
7375626A656374733D46:4631:463131
7375626A656374733D46:4631
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/1263/
A Short History of the Global Economy Since 1800
Alam, M. Shahid
O11 - Macroeconomic Analyses of Economic Development
F50 - General
B40 - General
F54 - Colonialism ; Imperialism ; Postcolonialism
Q43 - Energy and the Macroeconomy
F11 - Neoclassical Models of Trade
F1 - Trade
This paper presents a schematic history of the global economy since 1800. The economic and political logic of global capitalism in this period is defined by its ability to derive a growing share of its energy from fossil fuels. The explosive growth of this period, the dominance of capital, the growing military superiority of centers of capitalist growth, and the widening disparities in the global economy are ultimately driven by the logic of fossil-based capitalism. From 1800 to 1950, the global economy experienced growing centralization of capital and power, dividing the global economy into an advanced and dominant Center and a backward and subordinate Periphery. A period of decentralization follows from 1950 to 1990, when most segments of the Periphery regained various levels of control over their economies. Since the early 1990s, the forces of centralization have gained the upper hand.
2003-06
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/1263/1/MPRA_paper_1263.pdf
Alam, M. Shahid (2003): A Short History of the Global Economy Since 1800.
en
oai:mpra.ub.uni-muenchen.de:1265
2019-10-08T04:40:17Z
7374617475733D707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D50:5035:503531
7375626A656374733D46:4635:463534
7375626A656374733D46:4635:463539
7375626A656374733D50:5031:503130
7375626A656374733D4E:4E30:4E3030
7375626A656374733D42:4235:423531
7375626A656374733D50:5031:503136
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/1265/
Some Economic Results of the Civilizing Mission
Alam, M. Shahid
O11 - Macroeconomic Analyses of Economic Development
P51 - Comparative Analysis of Economic Systems
F54 - Colonialism ; Imperialism ; Postcolonialism
F59 - Other
P10 - General
N00 - General
B51 - Socialist ; Marxian ; Sraffian
P16 - Political Economy
This paper proposes three tasks. It briefly delineates the character of the civilizing mission and the interests it served, especially the colonization of Asia and Africa. In addition, the claims of the civilizing mission and the neoclassical theory of trade are tested empirically by comparing growth rates of sovereign countries and colonies, and of colonies before and after they gained sovereignty. Finally, we offer a quick review of the changing dynamics of the global economy as goods which were hitherto non-tradable become increasingly tradable.
2006-12-30
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/1265/1/MPRA_paper_1265.pdf
Alam, M. Shahid (2006): Some Economic Results of the Civilizing Mission. Published in: CounterPunch (13 August 2004)
en
oai:mpra.ub.uni-muenchen.de:1289
2019-09-27T12:32:08Z
7374617475733D707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4E:4E31:4E3137
7375626A656374733D4E:4E30
7375626A656374733D46:4635:463534
7375626A656374733D4F:4F34:4F3430
7375626A656374733D4E:4E31:4E3134
7375626A656374733D4E:4E31:4E3136
7375626A656374733D4E:4E31:4E3135
7375626A656374733D4E:4E31:4E3133
7375626A656374733D4E:4E31:4E3130
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/1289/
Global Disparities Since 1800:Trends and Regional Patterns
Alam, M. Shahid
O11 - Macroeconomic Analyses of Economic Development
N17 - Africa ; Oceania
N0 - General
F54 - Colonialism ; Imperialism ; Postcolonialism
O40 - General
N14 - Europe: 1913-
N16 - Latin America ; Caribbean
N15 - Asia including Middle East
N13 - Europe: Pre-1913
N10 - General, International, or Comparative
This paper reviews the growing body of evidence on the relative economic standing of different regions of the world in the late eighteenth and early nineteenth centuries. In general, it does not find support for Eurocentric claims regarding Western Europe’s early economic lead. The Eurocentric claims are based primarily on estimates of a per capita income, which are plagued by conceptual problems, make demands on historical data that are generally unavailable, and they use questionable assumptions to reconstruct early per capita income. A careful examination of these conjectural estimates of per capita income, however, does not support claims that Western Europe had a substantial lead over the rest of the world at the beginning of the nineteenth century. An examination of several alternative indices of living standards in the late eighteenth or early nineteenth centuries – such as real wages, labor productivity in agriculture, and urbanization – also fails to confirm claims of European superiority. In addition, this paper examines the progress of global disparities – including the presence of regional patterns – using estimates of per capita income.
2006-12-31
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/1289/1/MPRA_paper_1289.pdf
Alam, M. Shahid (2006): Global Disparities Since 1800:Trends and Regional Patterns. Published in: Journal of World-Systems Research , Vol. 12, No. 1 (July 2006): pp. 36-59.
en
oai:mpra.ub.uni-muenchen.de:1306
2019-09-27T08:05:30Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3136
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F32:4F3231
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/1306/
The theoretical aspect of Muhammad Yunus’s dream-'putting poverty in museums'
Zaman, Md Monowaruz
O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance
O11 - Macroeconomic Analyses of Economic Development
O21 - Planning Models ; Planning Policy
The present economy is based on capital based income structure. Grameen Bank has shown how zero capital owners become small capital owners by taking micro-credits. However micro-credit can create very limited economic density in an area that is insufficient to eradicate poverty unless the root causes of poverty are identified and counteracted. Neoclassical economics only focus on presently available capital although the capitalists are not created at once. A natural cycle of economics upholds economic, cultural and social values by its self-corrective nature. The natural economics is overridden by profit-motive institutional structure, where the market is not uniform or equal behaving for all segments of economic agents rather it is distributed as layers of energy states. A prudent utilization of all the opportunities targeting the poorest people of an economy will make benefited all in terms of new values, welfare and employment opportunities etc.
2007-01-02
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/1306/1/MPRA_paper_1306.pdf
Zaman, Md Monowaruz (2007): The theoretical aspect of Muhammad Yunus’s dream-'putting poverty in museums'.
en
oai:mpra.ub.uni-muenchen.de:1548
2019-09-26T13:54:56Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/1548/
The effects of exports, aid and remittances on output: The case of Kiribati
Rao, B. Bhaskara
Takirua, Toani
O11 - Macroeconomic Analyses of Economic Development
Country specific time series models of the determinants of output for the small developing island countries in the Pacific region are relatively few. This paper explores the applicability of the framework underlying Solow (1956) to analyze the determinants output in Kiribati for the period 1970-2005. It is found that technical progress in Kiribati has been negative virtually offsetting the positive effects of factor accumulation. Aid and remittances have negative effects and exports have only a small positive effect in the short run.
2006-07-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/1548/1/MPRA_paper_1548.pdf
Rao, B. Bhaskara and Takirua, Toani (2006): The effects of exports, aid and remittances on output: The case of Kiribati.
en
oai:mpra.ub.uni-muenchen.de:1646
2019-09-26T19:53:43Z
7374617475733D756E707562
7375626A656374733D4F:4F34:4F3430
7375626A656374733D4F:4F31:4F3138
7375626A656374733D4F:4F31:4F3131
7375626A656374733D52:5231:523131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/1646/
Black Populations and Economic Growth: An Extreme Bounds Analysis of Mississippi County-Level Data
Young, Andrew
Higgins, Matthew
Levy, Daniel
O40 - General
O18 - Urban, Rural, Regional, and Transportation Analysis ; Housing ; Infrastructure
O11 - Macroeconomic Analyses of Economic Development
R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
We use Mississippi county-level data on (per capita) income and the percentages of populations that are Black (henceforth "Black") to examine the relationship between race and economic growth. The analysis is also conditioned on 40 other economic and socio-demographic variables. Given a negative and statistically significant partial correlation between income growth and Black, we ask if it is robust to exhaustive combinations of other conditioning variables (taken 3 at a time). The evidence suggests yes. Since even robust correlation does not imply causation, we then ask if other robust correlates with income growth play a roll in accounting for Black in the data. The answer “yes” is obtained for only one other robust correlate of the "right" sign: the percentage of a population that is below the poverty level.
2007-01-29
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/1646/1/MPRA_paper_1646.pdf
Young, Andrew and Higgins, Matthew and Levy, Daniel (2007): Black Populations and Economic Growth: An Extreme Bounds Analysis of Mississippi County-Level Data.
en
oai:mpra.ub.uni-muenchen.de:1722
2019-09-28T07:26:39Z
7374617475733D756E707562
7375626A656374733D4D:4D32:4D3231
7375626A656374733D4F:4F31:4F3131
7375626A656374733D46:4633:463331
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/1722/
Competitiveness, Economic Freedom and Real Exchange Rate. Evidence from Romania
Herciu, Mihaela
Toma, Ramona
M21 - Business Economics
O11 - Macroeconomic Analyses of Economic Development
F31 - Foreign Exchange
In the new context of European Integration, Romania has to improve some important macroeconomic indicators, such as: competitiveness, economic freedom and real exchange rate for a sustainable economic growth. Many authors emphasize that competitiveness and economic freedom affects economic growth through stimulating investment and business environment. The equilibrium exchange rate is crucial as it directly influences external competitiveness, especially through export prices.
For Romania, the competitiveness can be improved through the economic freedom growth and the real exchange rate appreciation. But this appreciation must be accompanied by a rise in productivity and in the quality of the products offered on the external markets in order not to affect Romania’s external competitiveness.
2006-12-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/1722/1/MPRA_paper_1722.pdf
Herciu, Mihaela and Toma, Ramona (2006): Competitiveness, Economic Freedom and Real Exchange Rate. Evidence from Romania.
en
oai:mpra.ub.uni-muenchen.de:1833
2019-09-29T14:56:32Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3130
7375626A656374733D52:5230:523030
7375626A656374733D4F:4F31:4F3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/1833/
Rural development in the North-Eastern Region of India: Constraints and prospects
Mishra, SK
O10 - General
R00 - General
O11 - Macroeconomic Analyses of Economic Development
The rural subsystem of the NER economy consists of some 35 thousand villages inhabited by over 32 million people who constitute about 85 percent of the total population in the region. Of approximately 10.6 million main workers in the NER economy, about eight million workers are directly engaged as cultivators or agricultural labourers. The land-base of the rural economy in NER is not much promising. Infrastructure facilities in the region are inadequate.
There is not much prospect for setting up of large-scale industries in the region. One of the reasons is the location of the region at the borders of the nation. The political economy of a frontier region is almost always quite complex and rather opaque. Investment is risky and it becomes more risky due to the location disadvantages and socioeconomic adversities.
Tendencies of capital flight from the region have been observed Bandhs and disruption are a day-to-day affair and that too for trifling reasons, political gymnastics or petty pressure tactics at the most. Man-days lost and under-utilization of resources due to these bandhs and disruptive incidents ultimately escalate the cost of production due to which profitability of investment dries up.
Sectoral composition of the economy is unbalanced. The structure of employment of work force in the region has a peculiar shape: much like a cone at the base supporting a smaller inverted cone at its apex - more or less "hourglass shaped". This is not indicative of a healthy and self-sustaining structure. The bottleneck due to the narrow scope of the secondary sector limits the development of the primary as well as the tertiary sector. The malady has its roots in the faulty educational and economic policies as well.
A strategy for development of rural economy and employment in the region must be outlined in what follows: (a) a well thought out plan to develop the rural infrastructure (b) harnessing of the central non-lapsable pool for supporting projects to build up infrastructure and take up other economic development programmes, (c) harnessing of the Central grants for development of info-tech infrastructure and utilize them, (d) development of agro-based, horticulture based, forest based small scale industries, (e) development of floriculture and mushroom culture, (f) use of the export development fund for setting up marketing infrastructure, (g) change in the educational policy favouring larger outturn of technically educated manpower, and (h) deliberate attempt to train the educated manpower for entrepreneurial activities.
1999-06-21
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/1833/1/MPRA_paper_1833.pdf
Mishra, SK (1999): Rural development in the North-Eastern Region of India: Constraints and prospects.
en
oai:mpra.ub.uni-muenchen.de:1864
2019-09-28T15:43:52Z
7374617475733D756E707562
7375626A656374733D49:4932:493232
7375626A656374733D4A:4A32:4A3234
7375626A656374733D4F:4F31:4F3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/1864/
The Role of Education in Development
Marla, Ripoll
Juan, Cordoba
I22 - Educational Finance ; Financial Aid
J24 - Human Capital ; Skills ; Occupational Choice ; Labor Productivity
O11 - Macroeconomic Analyses of Economic Development
Most education around the globe is public. Moreover, investment rates in education as well as schooling attainments differ substantially across countries. We construct a general equilibrium life-cycle model that is consistent with these facts. We provide simple analytical solutions for the optimal educational choices, which may entail pure public provision of education, and their general equilibrium effects. We calibrate the model to fit cross-country evidence on demographics and educational variables. The model is able to replicate a number of key regularities in the data beyond the matching targets. We use the model to identify and quantify sources of world income differences, and find that demographic factors, in particular mortality rates, explain most of the differences. We also use the model to the role of public education and the HIV/AIDS pandemic in development.
2006-09
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/1864/1/MPRA_paper_1864.pdf
Marla, Ripoll and Juan, Cordoba (2006): The Role of Education in Development.
en
oai:mpra.ub.uni-muenchen.de:1887
2019-09-27T04:50:21Z
7374617475733D696E7072657373
7375626A656374733D4F:4F34:4F3437
7375626A656374733D43:4331:433133
7375626A656374733D4F:4F31:4F3131
7375626A656374733D43:4332:433233
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/1887/
Has New Zealand benefited from its investments in research & development?
Razzak, Weshah
Stillman, Steve
Johnson, Robin
O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence
C13 - Estimation: General
O11 - Macroeconomic Analyses of Economic Development
C23 - Panel Data Models ; Spatio-temporal Models
We use panel data for nine industries to evaluate research and development (R&D) investments in New Zealand over the past forty years. We estimate the impact of R&D stocks in a particular industry on output per person in that industry and on output per person in the rest of the economy. We examine both public and private R&D investments. Privately provided R&D has a statistically significant positive impact on own-industry output per person, suggesting it increases productivity. However, publicly provided R&D has no impact on own-industry output per person. There is also evidence that private R&D in certain industries positively affects output per person in the rest of the economy, i.e. it generates positive spillovers. There is no evidence of positive spillovers from publicly provided R&D.
2005
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/1887/1/MPRA_paper_1887.pdf
Razzak, Weshah and Stillman, Steve and Johnson, Robin (2005): Has New Zealand benefited from its investments in research & development? Forthcoming in: Applied Economics (2007)
en
oai:mpra.ub.uni-muenchen.de:1943
2019-09-27T19:43:37Z
7374617475733D756E707562
7375626A656374733D4F:4F35:4F3537
7375626A656374733D46:4633:463332
7375626A656374733D43:4333:433332
7375626A656374733D4F:4F31:4F3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/1943/
Volatility of short term capital flows and socio-political instability in Argentina, Mexico and Turkey
Demir, Firat
O57 - Comparative Studies of Countries
F32 - Current Account Adjustment ; Short-Term Capital Movements
C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models
O11 - Macroeconomic Analyses of Economic Development
The paper analyzes the relationship between financial liberalization and socio-political risk by identifying the inter-dependent nature of socio-political and economic fault lines in three developing countries. Unlike the previous research, the current article suggests that domestic socio-political factors cannot be isolated from the fluctuations taking place in the economic arena. In particular, we examine the effects of short-term capital inflows on the recipient countries by exploring the dynamic relationship between the volatility of such flows and socio-political instability. Accordingly, we endogenize the volatility of short term capital inflows with political risk variables where increasing volatility by disrupting market activities and private investment increases socio-political risk, which further feeds into the volatility of such flows. In the empirical analysis using both the Granger causality tests and a simultaneous-equation approach we uncover a contemporaneous relationship between the volatility of short-term capital inflows and socio-political instability. The results also challenge the previous research regarding their use of political variables as purely exogenous from economic variables. Likewise, the legitimacy of the arguments explaining investor cautiousness vis-à-vis political developments in the developing countries with purely domestic factors also becomes questionable.
2006-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/1943/1/MPRA_paper_1943.pdf
Demir, Firat (2006): Volatility of short term capital flows and socio-political instability in Argentina, Mexico and Turkey.
en
oai:mpra.ub.uni-muenchen.de:2186
2019-09-26T11:06:21Z
7374617475733D756E707562
7375626A656374733D4F:4F35:4F3536
7375626A656374733D4F:4F34:4F3430
7375626A656374733D4F:4F31
7375626A656374733D49:4932:493239
7375626A656374733D4F:4F33:4F3330
7375626A656374733D4F:4F31:4F3131
7375626A656374733D49:4932:493230
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/2186/
An extension to the neoclassical growth modelto Estimate Growth and Level Effects
Rao, B. Bhaskara
Singh, Rup
Nisha, Fozia
O56 - Oceania
O40 - General
O1 - Economic Development
I29 - Other
O30 - General
O11 - Macroeconomic Analyses of Economic Development
I20 - General
The neoclassical growth model was extended by Mankiw, Romer and Weil (1992)
to estimate the level effects of additional factors like human capital.
We suggest a further extension to capture their permanent growth effects.
Time series data from Fiji are used to show that
the growth effect of human capital, although small, is significant. Furthermore,
in our sample the specifications with a permanent growth effect performed better than
specifications with only level effects.
2006
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/2186/1/MPRA_paper_2186.pdf
Rao, B. Bhaskara and Singh, Rup and Nisha, Fozia (2006): An extension to the neoclassical growth modelto Estimate Growth and Level Effects.
en
oai:mpra.ub.uni-muenchen.de:2215
2019-10-01T01:55:30Z
7374617475733D707562
7375626A656374733D4F:4F31:4F3130
7375626A656374733D4F:4F33:4F3334
7375626A656374733D46:4634:463433
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F31:4F3136
7375626A656374733D4F:4F32:4F3234
7375626A656374733D46:4632:463231
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/2215/
Fixing up the world: GATT and the WTO
Freeman, Alan
O10 - General
O34 - Intellectual Property and Intellectual Capital
F43 - Economic Growth of Open Economies
O11 - Macroeconomic Analyses of Economic Development
O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance
O24 - Trade Policy ; Factor Movement Policy ; Foreign Exchange Policy
F21 - International Investment ; Long-Term Capital Movements
This paper, published in Labour Focus on Eastern Europe , Number 59, 1998. pp 74-93 and reproduced in a number of journals and books, examines the consequences for world trade of the restructuring – commonly termed ‘globalisation’ that arose out of the Uruguay round of the GATT and let to the reconstruction of the World Trade Organisation in its present form, beginning in 1982.
It establishes that the widely-held view of the system of world trade as a symmetric free trade system is largely mythical. It shows, on the basis of a study of the outcome of disputes within the GATT over the critical period in which the present world trading system was founded, that decisive non-market advantages were established by dominant continental trading blocs organised around NAFTA, the EEC and APEC, which as Stiglitz at the time explained, ‘tilted the playing field’ systematically in favour of these blocs.
1998-07
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/2215/1/MPRA_paper_2215.pdf
Freeman, Alan (1998): Fixing up the world: GATT and the WTO. Published in: Labour Focus on Eastern Europe No. Number 59, 1998 (July 1998): pp. 74-93.
en
oai:mpra.ub.uni-muenchen.de:2337
2019-09-27T11:06:33Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/2337/
Актуальные проблемы государственного управления в XXI веке: трансформация роли государства в условиях глобализации
Drobot, Elena
O11 - Macroeconomic Analyses of Economic Development
This scientific work is devoted to the analysis of limits of state interference in economy and as criteria of its efficiency the growth of national welfare is determined. It is reported that strong interconnection between efficiency of state management and level of national competitiveness exists. Globalization is considered as a objective process with both positive and negative consequences. We consider that in the 21 century new system of global management was established. But the role of the state, state management on national level is not weakening, but gains new importance.
2007-03-20
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/2337/1/MPRA_paper_2337.pdf
Drobot, Elena (2007): Актуальные проблемы государственного управления в XXI веке: трансформация роли государства в условиях глобализации.
ru
oai:mpra.ub.uni-muenchen.de:2560
2019-09-26T10:26:04Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D48:4835:483530
7375626A656374733D43:4332:433232
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/2560/
Does the Wagner’s Law hold for Thailand? A Time Series Study
Sinha, Dipendra
O11 - Macroeconomic Analyses of Economic Development
H50 - General
C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes
Wagner’s Law suggests that as the GDP of a country increases, so does its government expenditure. We test for the Law for Thailand using recent advances in econometric techniques. Both total and per capita GDP and government expenditure are used. Ng-Perron unit root tests show that all variables are integrated of order 1. Toda-Yamamoto tests of Granger causality show that there is no causality flowing from either direction between GDP and government expenditure. Autoregressive Distributed Lag (ARDL) tests of cointegration show very weak evidence of a long-run relationship between GDP and government expenditure. Thus, we do not find much evidence that the Wagner’s Law holds for Thailand.
2007-02-26
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/2560/1/MPRA_paper_2560.pdf
Sinha, Dipendra (2007): Does the Wagner’s Law hold for Thailand? A Time Series Study.
en
oai:mpra.ub.uni-muenchen.de:2589
2019-10-04T04:41:28Z
7374617475733D707562
7375626A656374733D4F:4F33:4F3334
7375626A656374733D4F:4F31:4F3131
7375626A656374733D46:4632:463231
7375626A656374733D4F:4F32:4F3234
7375626A656374733D4F:4F31:4F3136
7375626A656374733D4F:4F31:4F3130
7375626A656374733D46:4634:463433
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/2589/
Has the empire struck back? ‘new paradigm’ globalisation or return to classical imperialism?
Freeman, Alan
O34 - Intellectual Property and Intellectual Capital
O11 - Macroeconomic Analyses of Economic Development
F21 - International Investment ; Long-Term Capital Movements
O24 - Trade Policy ; Factor Movement Policy ; Foreign Exchange Policy
O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance
O10 - General
F43 - Economic Growth of Open Economies
This article is a prepublication transcript of ‘Has the Empire Struck Back?’ in Albritton, R, Makoto Itoh, Richard Westra and Alan Zuege (eds) Phases of Capitalist Development: Booms, Crises, and Globalization, pp195-215. London: McMillan. ISBN 0 33375 316 X
The paper conducts an empirical examination of the current state of the world market with a view to assessing (and establishing the relative strengths and weaknesses of) two contrasting views: the first, that it is the outcome of a process of globalisation, in some sense, and the second, that it is explicable through the classical accounts of imperialism dating from the turn of the last century. It considers also the empirical relevance of Kondratieff’s and Schumpeter’s conception of ‘long waves’ of growth and accumulation.
It develops the distinction between endogenous and exogenous causes of decline and accumulation in the market and argues that they are connected to a prolonged secular trend towards income polarisation between blocs of nations characteristic of the operation of the market. It argues that whereas the declining phase of a long wave is endogenous and lawlike, recovery is exogenous and contingent, depending on the outcome of conscious political intervention. The key to the economic outcome of the present phase of capitalism is therefore the political relation between the main players
It argues that history has seen two quite distinct patterns of exogenously-constituted recovery from generalised crisis. The industrial revolution, and the post-WWII boom were ‘hegemonically-ordered’ yielding high global profit rates under a single hegemonic power (the UK in 1845, the US in 1945) which fuelled a general expansion even of its rivals, and yielding rising (if unequal) prosperity, relative peace, and political stability. 1890-1914 was different. The profit rate did not recover to previous levels, there was no clear hegemon, growing misery and barbarity over the immiserated parts of the world, and intense great power rivalry leading to the wars and revolutions that bestrode the twentieth century.
I argue that the evidence suggests the only possible basis of a new wave of economic expansion is a recovery more comparable with 1890-1914 than 1945-1965. The present period is one dominated by the steady but inexorable loss of US economic hegemony but with no clear alternative hegemon. This leads to an essentially unstable, warlike, and intractable period of competition for domination over sources of surplus profit. I call this a return to ‘classical imperialism’.
Keywords: Inequality, globalisation, poverty, Marx, unequal exchange, imperialism, value, TSSI, temporalism, development
2000-06
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/2589/1/MPRA_paper_2589.pdf
Freeman, Alan (2000): Has the empire struck back? ‘new paradigm’ globalisation or return to classical imperialism? Published in: Albritton, R, Makoto Itoh, Richard Westra and Alan Zuege (eds) Phases of Capitalist Development: Booms, Crises, and Globalization, London: McMillan. No. ISBN 0 33375 316 X (June 2000): pp. 195-215.
en
oai:mpra.ub.uni-muenchen.de:2591
2019-10-06T15:07:13Z
7374617475733D756E707562
7375626A656374733D4F:4F33:4F3334
7375626A656374733D4F:4F31:4F3131
7375626A656374733D46:4632:463231
7375626A656374733D4F:4F32:4F3234
7375626A656374733D4F:4F31:4F3136
7375626A656374733D4F:4F31:4F3130
7375626A656374733D46:4634:463433
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/2591/
Europe, the US and the world economy: Alan Greenspan’s search for a fifth Kondradieff
Freeman, Alan
O34 - Intellectual Property and Intellectual Capital
O11 - Macroeconomic Analyses of Economic Development
F21 - International Investment ; Long-Term Capital Movements
O24 - Trade Policy ; Factor Movement Policy ; Foreign Exchange Policy
O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance
O10 - General
F43 - Economic Growth of Open Economies
This paper was presented at 15:00 hours local time in Ankara, Turkey on 11th September 2001. On the basis of an economic analysis of the world economy it surmises an entry into an ‘age of war’ – a period of financial and military competition between advanced countries comparable to the period of classical imperialism from 1893-1918.
At the close of the session which was 17:00 hours local time, being 8 hours ahead of Eastern time, hence 9:00am Eastern time, I was scheduled for an interview on Turkish television. ‘First, there is something you should see’, said the reporter. He led me to the television van where CNN footage showing an aircraft impacting the first trade tower. The second impact occurred as I watched. I emerged from the van five hours later and the interview never took place.
Keywords: 9/11, World Economy, Kondratieff, Development, Europe, US, value, price, TSSI, temporalism, profit rate, polarisation, inequality, globalisation, deregulation, imperialism, World Systems Theory, unequal exchange, dependency, North-South
2001-08
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/2591/1/MPRA_paper_2591.pdf
Freeman, Alan (2001): Europe, the US and the world economy: Alan Greenspan’s search for a fifth Kondradieff.
en
oai:mpra.ub.uni-muenchen.de:2597
2019-09-27T11:09:58Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D45:4532:453231
7375626A656374733D4F:4F31:4F3136
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/2597/
Relationships among Household Saving, Public Saving, Corporate Saving and Economic Growth in India
Sinha, Dipendra
Sinha, Tapen
O11 - Macroeconomic Analyses of Economic Development
E21 - Consumption ; Saving ; Wealth
O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance
This paper examines the relationship between the growth rates of household saving, public saving, corporate saving and economic growth in India using multivariate Granger causality tests. The conventional wisdom suggests that the causality flows from saving to economic growth. We show that the causality goes in the opposite direction for India. Hence, higher saving is the consequence of higher economic growth and not a cause.
2007-02-21
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/2597/1/MPRA_paper_2597.pdf
Sinha, Dipendra and Sinha, Tapen (2007): Relationships among Household Saving, Public Saving, Corporate Saving and Economic Growth in India.
en
oai:mpra.ub.uni-muenchen.de:2621
2019-09-30T13:02:16Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D46:4632:463231
7375626A656374733D4F:4F32:4F3234
7375626A656374733D4F:4F31:4F3136
7375626A656374733D4F:4F31:4F3130
7375626A656374733D46:4634:463433
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/2621/
The new political geography of poverty
Freeman, Alan
O11 - Macroeconomic Analyses of Economic Development
F21 - International Investment ; Long-Term Capital Movements
O24 - Trade Policy ; Factor Movement Policy ; Foreign Exchange Policy
O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance
O10 - General
F43 - Economic Growth of Open Economies
This paper follows the 9/11 paper presented at METU in the previous year. It attempts to analyse the fundamental features of the world economy giving rise to the present military phase. It argues that globalisation is a self-limiting process.
Fundamental long-term developments, arising out of the present organisation of the world economy, are acting systematically to undermine it. This results in a crisis I call structural. By this I mean that it is neither transitory nor accidental. It is a permanent, ineradicable and ultimately dominant determinant of the way the world is now evolving.
This structural crisis, the paper argues, arises from an unsustainable economic relation between the US economy and the world economy. This expresses itself in a new form, evident in the events that have unfolded since 11th September 2001.
The market is literally tearing the world apart; it is beginning to render large tracts of it ungovernable. As its economic mechanisms become increasingly incapable of resolving the social contradictions that they create, the nations and societies through which it is mediated are being plunged into increasingly in openly political conflict. The endemic crises, armed conflicts and governmental instability of the Middle East, of Central Asia, of the Balkans, of Central and Northern Africa, of Central and Southern America, and of South-East Asia, each has its specificity. But the basic driving force behind all of them is same: the crushing weight of two decades of accelerating economic stagnation, accompanied by universally growing inequality.
The governments of the advanced nations, who have provoked and lived off this phase of world development, now face problems no longer solvable by purely economic means. Confronted with countries and regions in which economic conditions lay no sound basis for stable government external intervention, willing or not, becomes the only remaining option.
Whereas the conflicts of the eighties and nineties centred on the financial and commercial organisations such as the WTO, the IMF and the World Bank, and although these organisations continue to serve as an arena in which increasingly acrimonious and conflictual relations between nations and regions are fought out, open geopolitical intervention – war, the violent overturn of governments, the break-up of nations, annexation, and colonisation, and open trade conflict – is now at the top of the agenda. The state, in a word, is back.
This is the fundamental reason behind an epochal shift in US policy towards direct military and political intervention in the internal affairs of states. Accompanying this is a growing political tension between the advanced countries and a growing inability of the US to impose a political consensus, most clearly demonstrated by the enormous problems it has had in building a coalition for its war on Iraq. This signals a phase of more or less open geopolitical struggle between advanced countries for territorial dominance, driven by the need to dominate and subordinate the labour of the rest of the world to their own capitals.
Keywords: 9/11; World Economy; Kondratieff; Development; Europe; US; value; price; TSSI; temporalism; profit rate; polarisation; inequality; globalisation; deregulation; imperialism; World Systems Theory; unequal exchange; dependency; North-South
2002-09
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/2621/1/MPRA_paper_2621.pdf
Freeman, Alan (2002): The new political geography of poverty.
en
oai:mpra.ub.uni-muenchen.de:2638
2019-09-26T08:17:15Z
7374617475733D707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F31:4F3135
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/2638/
Growth and Poverty: Lessons from the East Asian Miracle Revisited
Quibria, M.G.
O11 - Macroeconomic Analyses of Economic Development
O15 - Human Resources ; Human Development ; Income Distribution ; Migration
This paper provides an extensive review of growth, inequality and poverty reduction in the East Asian miracle economies. This review suggests that the basic impetus for poverty reduction was robust economic growth, which was fostered by a conducive policy and institutional framework. This framework - which helped to create a 'level playing field' - encouraged high investment, production over diversion, and efficient use of investable resources
2002-02
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/2638/1/MPRA_paper_2638.pdf
Quibria, M.G. (2002): Growth and Poverty: Lessons from the East Asian Miracle Revisited. Published in: ADB Institute Research Paper , Vol. Februr, No. 33 (February 2002): pp. 1-123.
en
oai:mpra.ub.uni-muenchen.de:2652
2019-09-27T22:58:11Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D46:4632:463231
7375626A656374733D4F:4F32:4F3234
7375626A656374733D4F:4F31:4F3136
7375626A656374733D46:4634:463433
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/2652/
The new world order and the failure of globalisation
Freeman, Alan
O11 - Macroeconomic Analyses of Economic Development
F21 - International Investment ; Long-Term Capital Movements
O24 - Trade Policy ; Factor Movement Policy ; Foreign Exchange Policy
O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance
F43 - Economic Growth of Open Economies
This is a fuller but earlier prepublication version of an analysis of stagnation and divergence in the world economy which appeared in Pettifor, A (2003) Real World Economic Outlook, pp152-159. Basingstoke: Palgrave MacMillan, pp152-164.
It uses data published by the IMF’s World Economic Outlook team to establish that world GDP per head, calculated in constant 1995 dollars at current market exchange, remained static between 1980 and 2002 and declined absolutely between 1988 and 2002.
Over the same period – ‘globalisation’, understood as the period of intense financial deregulation and the creation of a world market in capital – this article uses the same figures to prove that the income gap between the North and the South has doubled.
Inequality is measured as the ratio between GDP per capita in the IMF’s ‘Advanced countries’ and all remaining countries, in current dollars at market exchange rates.
At the beginning of globalisation this ratio was approximately 10 to 1. By 2002 it was nearly 23 to 1. Over this period the real average GDP per capita of the ‘non-advanced countries’ comprising four-fifths of the world’s population, has fallen absolutely, from $1400 to $1100 per year.
This economic failure, the article argues, is the underlying cause of the political instability that characterises the current period. The most basic problem of the world economy has not been solved – the imbalance between the declining relative productivity of the USA and its commercial and military dominance.
The result is predicted to be a unstable period of history as these contradictions work their way through into the political sphere.
Keywords: Divergence; stagnation; World Economy; Kondratieff; Development; Europe; US; value; price; TSSI; temporalism; profit rate; polarisation; inequality; globalisation; deregulation; imperialism; World Systems Theory; unequal exchange; dependency; North-South
2002-12-11
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/2652/1/MPRA_paper_2652.pdf
Freeman, Alan (2002): The new world order and the failure of globalisation.
en
oai:mpra.ub.uni-muenchen.de:2714
2019-09-28T04:56:51Z
7374617475733D756E707562
7375626A656374733D4F:4F34:4F3430
7375626A656374733D4F:4F31:4F3138
7375626A656374733D52:5231:523131
7375626A656374733D4F:4F31:4F3131
7375626A656374733D48:4837:483730
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/2714/
Sigma Convergence versus Beta Convergence: Evidence from U.S. County-Level Data
Young, Andrew
Higgins, Matthew
Levy, Daniel
O40 - General
O18 - Urban, Rural, Regional, and Transportation Analysis ; Housing ; Infrastructure
R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
O11 - Macroeconomic Analyses of Economic Development
H70 - General
In this paper we outline (i) why sigma-convergence may not accompany beta-convergence, (ii) discuss evidence of beta-convergence in the U.S., and (iii) use U.S. county-level data containing over 3,000 cross-sectional observations to demonstrate that sigma-convergence cannot be detected at the county-level across the U.S., or within the large majority of the individual U.S. states considered separately. Indeed, in many cases statistically significant sigma-divergence is found.
2007-04-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/2714/1/MPRA_paper_2714.pdf
Young, Andrew and Higgins, Matthew and Levy, Daniel (2007): Sigma Convergence versus Beta Convergence: Evidence from U.S. County-Level Data.
en
oai:mpra.ub.uni-muenchen.de:2737
2019-09-26T08:23:29Z
7374617475733D756E707562
7375626A656374733D45:4533:453337
7375626A656374733D45:4533:453331
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4A:4A32:4A3231
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/2737/
The Japanese economy
Kitov, Ivan
E37 - Forecasting and Simulation: Models and Applications
E31 - Price Level ; Inflation ; Deflation
O11 - Macroeconomic Analyses of Economic Development
J21 - Labor Force and Employment, Size, and Structure
The Japanese economic behavior is modeled. GDP evolution is represented as a sum two components: economic tend and fluctuations. The trend is an inverse function of GDP per capita with a constant numerator. The growth rate fluctuations are numerically equal to two thirds of the relative change in the number of eighteen-year-olds. Inflation is represented by a linear function of labor force change rate. The models provide an accurate description for the poor economic performance and deflation separately. Using the models, GDP per capita is predicted for the next ten years and recommendations are given to overcome deflation.
2006
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/2737/1/MPRA_paper_2737.pdf
Kitov, Ivan (2006): The Japanese economy.
en
oai:mpra.ub.uni-muenchen.de:2738
2019-09-27T06:00:54Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F35:4F3531
7375626A656374733D45:4533:453332
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/2738/
Real GDP per capita in developed countries
Kitov, Ivan
O11 - Macroeconomic Analyses of Economic Development
O51 - U.S. ; Canada
E32 - Business Fluctuations ; Cycles
Growth rate of real GDP per capita is represented as a sum of two components – a monotonically decreasing economic trend and fluctuations related to a specific age population change. The economic trend is modeled by an inverse function of real GDP per capita with a numerator potentially constant for the largest developed economies. Statistical analysis of 19 selected OECD countries for the period between 1950 and 2004 shows a very weak linear trend in the annual GDP per capita increment for the largest economies: the USA, Japan, France, Italy, and Spain. The UK, Australia, and Canada show a larger positive linear trend. The fluctuations around the trend values are characterized by a quasi-normal distribution with potentially Levy distribution for far tails. Developing countries demonstrate the increment values far below the mean increment for the most developed economies. This indicates an underperformance in spite of large relative growth rates.
2006
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/2738/1/MPRA_paper_2738.pdf
Kitov, Ivan (2006): Real GDP per capita in developed countries.
en
oai:mpra.ub.uni-muenchen.de:2819
2019-09-26T14:57:45Z
7374617475733D707562
7375626A656374733D4F:4F33
7375626A656374733D4F:4F31:4F3135
7375626A656374733D4F:4F31:4F3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/2819/
Competiveness and Human Resource Development
Deolalikar, Anil
Hasan, Rana
Khan, Haider
Quibria, M.G.
O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights
O15 - Human Resources ; Human Development ; Income Distribution ; Migration
O11 - Macroeconomic Analyses of Economic Development
Rapid growth in a number of East Asian economies over the last three decades has been facilitated by an effective strategy of human resource development. The principal element of this strategy has been to provide basic education and health to a wider segment of society. This strategy helped these countries achieve rapid growth through labor-intensive manufacturing on one hand and ensure equitable distribution in society on the other. However, these countries are confronted with new human resource challenges as they attempt to make the transition to the next stage of development. As this paper points out, many of East Asia’s rapidly growing economies have paid inadequate attention to higher education and technological capability among their people. The paper identifies specific areas in which human resource development remains weak in developing Asia and suggests strategies and policies to overcome them.
1997
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/2819/1/MPRA_paper_2819.pdf
Deolalikar, Anil and Hasan, Rana and Khan, Haider and Quibria, M.G. (1997): Competiveness and Human Resource Development. Published in: Asian Development Review , Vol. 15, No. 2 (1997): pp. 131-163.
en
oai:mpra.ub.uni-muenchen.de:3003
2019-10-01T18:16:49Z
7374617475733D707562
7375626A656374733D4F:4F31:4F3135
7375626A656374733D4F:4F31:4F3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/3003/
Comments on 'Poverty elimination in an Islamic perspective: an applied general equilibrium approach'
Hasan, Zubair
O15 - Human Resources ; Human Development ; Income Distribution ; Migration
O11 - Macroeconomic Analyses of Economic Development
This is a detailed comment as discussant of a paper presented at the 5th International Conference held in UK inacluded in the book. The comments provide a brief summary of the paper reviewed and indicates some methodological blemishes it contains.
2002
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/3003/1/MPRA_paper_3003.pdf
Hasan, Zubair (2002): Comments on 'Poverty elimination in an Islamic perspective: an applied general equilibrium approach'. Published in: Munawar Iqbal (Ed.): Islamic Economic Institutions and the Elimination of Poverty, The Islamic Foundation, UK (2002): pp. 97-112.
en
oai:mpra.ub.uni-muenchen.de:3088
2019-10-10T11:18:22Z
7374617475733D756E707562
7375626A656374733D4F:4F34:4F3430
7375626A656374733D52:5231:523131
7375626A656374733D4F:4F35:4F3531
7375626A656374733D48:4835:483530
7375626A656374733D4F:4F34:4F3437
7375626A656374733D4F:4F31:4F3138
7375626A656374733D48:4837:483730
7375626A656374733D4F:4F31:4F3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/3088/
Robust Correlates of County-Level Growth in the U.S.
Higgins, Matthew
Young, Andrew
Levy, Daniel
O40 - General
R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
O51 - U.S. ; Canada
H50 - General
O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence
O18 - Urban, Rural, Regional, and Transportation Analysis ; Housing ; Infrastructure
H70 - General
O11 - Macroeconomic Analyses of Economic Development
Higgins et al. (2006) report several statistically significant partial correlates with U.S. per capita income growth. However, Levine and Renelt (1992) demonstrate that such correlations are hardly ever robust to changing the combination of conditioning variables included. We ask whether the same is true for the variables identified as important by Higgins et al. Using the extreme bounds analysis of Levine and Renelt, we find that the majority of the partial correlations can be accepted as robust. The variables associated with those partial correlations stand solidly as variables of interest for future studies of U.S. growth.
2007-05-04
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/3088/1/MPRA_paper_3088.pdf
Higgins, Matthew and Young, Andrew and Levy, Daniel (2007): Robust Correlates of County-Level Growth in the U.S.
en
oai:mpra.ub.uni-muenchen.de:3384
2019-09-27T12:21:57Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F31:4F3135
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/3384/
Sectoral Shift, Wealth Distribution, and Development
Yuki, Kazuhiro
O11 - Macroeconomic Analyses of Economic Development
O15 - Human Resources ; Human Development ; Income Distribution ; Migration
There are two phenomena widely observed when an economy departs from an underdeveloped state and starts rapid economic growth. One is the shift of production, employment, and consumption from the traditional sector to the modern sector, and the other is a large increase in educational levels of its population. The question is why some economies have succeeded in such structural change, but others do not. In order to examine the question, an OLG model that explicitly takes into account the sectoral shift and human capital accumulation as sources of development is constructed. It is shown that, for a successful structural change, an economy must start with a wealth distribution that gives rise to an adequate size of 'middle class'. Once the economy initiates the 'take-off', the sectoral shift and human capital growth continue until it reaches the steady state with high income and equal distribution. However, when the productivity of the traditional sector is low, irrespective of the initial distribution and the productivity of the modern sector, it fails in the sectoral shift and ends up in one of steady states with low income and high inequality. Thus, sufficient productivity of the traditional sector is a prerequisite for development.
2007-05-30
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/3384/1/MPRA_paper_3384.pdf
Yuki, Kazuhiro (2007): Sectoral Shift, Wealth Distribution, and Development.
en
oai:mpra.ub.uni-muenchen.de:3563
2019-10-01T05:07:11Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D46:4631:463135
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/3563/
FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH: SOME EVIDENCE FROM ACROSS THE WORLD
Halicioglu, Anita
Halicioglu, Ferda
O11 - Macroeconomic Analyses of Economic Development
F15 - Economic Integration
This study is concerned about foreign direct investment (FDI) and economic growth across the world for the period of 1991-2001. This article produces fresh empirical evidence on the relation between FDI and economic growth obtained from single-equation and simultaneous equation estimates for 140 countries using macro economic variables. The results indicate that a positive and statistically significant estimate of coefficient of FDI is obtained from single equation ordinary least squares method for real per-capita GDP regressions in all but one case. There exists a positive and statistically significant relation between the real per-capita GDP and FDI in the case of many countries but correlation coefficient between exports-GDP ratio and percentage FDI is found to be insignificant. Country risk rating and the telecommunications variables are significant in all the relevant regressions and correlation estimates.
2006
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/3563/1/MPRA_paper_3563.pdf
Halicioglu, Anita and Halicioglu, Ferda (2006): FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH: SOME EVIDENCE FROM ACROSS THE WORLD.
en
oai:mpra.ub.uni-muenchen.de:3715
2019-09-29T04:01:04Z
7374617475733D756E707562
7375626A656374733D43:4333:433332
7375626A656374733D46:4631:463135
7375626A656374733D4F:4F31:4F3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/3715/
Common and uncommon sources of growth in Asia Pacific
Weber, Enzo
C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models
F15 - Economic Integration
O11 - Macroeconomic Analyses of Economic Development
This paper embarks to analyse the role of exports and investment supposed to be major sources of economic growth in Asia Pacific. Therefore at first, the cointegration properties of exports, capital formation and GDP are examined in vector error correction models (VECMs). The results confirm the crucial role of exports and investment in the Asian growth dynamics. In a second stage, the structural shocks are identified by short- and long-run restrictions. These shocks, as well as the corresponding dynamic responses, are then correlated across all sample countries to provide insight into the depth of regional coherence. At last, the identified trends are explained by various macroeconomic variables.
2006-09
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/3715/1/MPRA_paper_3715.pdf
Weber, Enzo (2006): Common and uncommon sources of growth in Asia Pacific.
en
oai:mpra.ub.uni-muenchen.de:4088
2019-09-27T14:20:42Z
7374617475733D696E7072657373
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4E:4E31:4E3130
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/4088/
Thrift as a Virtue, Historically Criticized
McCloskey, Deirdre Nansen
O11 - Macroeconomic Analyses of Economic Development
N10 - General, International, or Comparative
Thrift has been viewed since the blessed Adam Smith as the foundation of economic growth. Economists, the theorists of prudence, wsh it so. But it was not, and is not true. Modern economic growth came from some other source---perhaps the stunning shift 1600-1776 in the rhetoric of economy-talk.
2006-06
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/4088/1/MPRA_paper_4088.pdf
McCloskey, Deirdre Nansen (2006): Thrift as a Virtue, Historically Criticized. Forthcoming in: Hedgehog Review
en
oai:mpra.ub.uni-muenchen.de:4466
2019-09-26T12:45:19Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3138
7375626A656374733D4A:4A31:4A3130
7375626A656374733D4E:4E31:4E3130
7375626A656374733D4F:4F35:4F3537
7375626A656374733D45:4532:453233
7375626A656374733D4F:4F31:4F3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/4466/
Malthus to Romer: On the Colonial Origins of the Industrial Revolution
Cordoba, Juan-Carlos
O18 - Urban, Rural, Regional, and Transportation Analysis ; Housing ; Infrastructure
J10 - General
N10 - General, International, or Comparative
O57 - Comparative Studies of Countries
E23 - Production
O11 - Macroeconomic Analyses of Economic Development
We propose a unified theory to explain the diverse paths of economic and institutional development of colonized and colonizers following the great discoveries at the end of the XV century. In our theory, the institutional and economic divergence between Spain and England observed during the age of colonization obeys to the same forces put forward by Engerman and Sokoloff (1997) to explain the divergence between Latin America and North America: factor endowments at the moment of the conquest.
2007-08-10
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/4466/1/MPRA_paper_4466.pdf
Cordoba, Juan-Carlos (2007): Malthus to Romer: On the Colonial Origins of the Industrial Revolution.
en
oai:mpra.ub.uni-muenchen.de:4554
2019-09-27T06:45:38Z
7374617475733D756E707562
7375626A656374733D4F:4F31
7375626A656374733D4F:4F33:4F3330
7375626A656374733D4F:4F35:4F3536
7375626A656374733D4F:4F31:4F3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/4554/
Estimating aid-growth equations: the case of Pacific Island countries
Rao, B. Bhaskara
Sharma, Kanaiah Lal
Singh, Rup
O1 - Economic Development
O30 - General
O56 - Oceania
O11 - Macroeconomic Analyses of Economic Development
The seminal and controversial work of Burnside and Dollar (2000) has been the basis for many subsequent empirical works on the growth effects of overseas development aid. This paper argues that the specifications used in these works are not consistent with the data and techniques used. We propose a modified production function in which total factor productivity depends on time as well as the aid ratio. Our empirical results show that the effect of aid on the steady state growth rate is insignificant in the selected Pacific Island countries. These countries are of interest because they receive the largest aid in per capita terms.
2007-08-24
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/4554/1/MPRA_paper_4554.pdf
Rao, B. Bhaskara and Sharma, Kanaiah Lal and Singh, Rup (2007): Estimating aid-growth equations: the case of Pacific Island countries.
en
oai:mpra.ub.uni-muenchen.de:4696
2019-09-27T03:22:12Z
7374617475733D756E707562
7375626A656374733D4F:4F33:4F3330
7375626A656374733D4F:4F31
7375626A656374733D4F:4F35:4F3536
7375626A656374733D4F:4F31:4F3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/4696/
Estimating aid-growth equations: the case of Pacific Island countries
Rao, B. Bhaskara
Sharma, Kanhaiya Lal
Singh, Rup
O30 - General
O1 - Economic Development
O56 - Oceania
O11 - Macroeconomic Analyses of Economic Development
The seminal and controversial work of Burnside and Dollar (2000) has been the basis for many subsequent empirical works on the growth effects of overseas development aid. This paper argues that the specifications used in these works are not consistent with the data and techniques used. We propose a modified production function in which total factor productivity depends on time as well as the aid ratio. Our empirical results show that the effect of aid on the steady state growth rate is insignificant in the selected Pacific Island countries. These countries are of interest because they receive the largest aid in per capita terms.
2007-08-24
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/4696/1/MPRA_paper_4696.pdf
Rao, B. Bhaskara and Sharma, Kanhaiya Lal and Singh, Rup (2007): Estimating aid-growth equations: the case of Pacific Island countries.
en
oai:mpra.ub.uni-muenchen.de:4714
2019-10-25T18:06:48Z
oai:mpra.ub.uni-muenchen.de:4722
2019-10-28T17:50:14Z
oai:mpra.ub.uni-muenchen.de:4820
2019-10-04T01:43:17Z
7374617475733D707562
7375626A656374733D52:5231:523131
7375626A656374733D52:5235:523538
7375626A656374733D43:4333:433332
7375626A656374733D52:5235:523533
7375626A656374733D4F:4F31:4F3131
7375626A656374733D48:4835:483534
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/4820/
Infrastructure and Development Interlinkage in West Bengal: A VAR Analysis
Majumder, Rajarshi
Mukherjee, Dipa
R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
R58 - Regional Development Planning and Policy
C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models
R53 - Public Facility Location Analysis ; Public Investment and Capital Stock
O11 - Macroeconomic Analyses of Economic Development
H54 - Infrastructures ; Other Public Investment and Capital Stock
Theoretical propositions proclaim that the association between Infrastructure Availability and Development of a region is quite strong and runs from the former to the latter. Empirical studies are however, inconclusive. While few researchers have concluded that the impact of infrastructure on development levels, though positive, is not significant, equally large numbers of studies claim that infrastructure explains a substantial part of development levels. In this paper the association between infrastructural availability and development for the West Bengal economy is explored using a multidimensional approach and a time series study. It is observed that both developmental and infrastructural indices have shown a continuously rising trend during 1971-2001. The causation seems to be stronger from infrastructure to development. The long run relationships suggest strong positive impact of infrastructural availability on development levels. Different facets of infrastructure seem to have different impacts on different dimensions of development. A segmented policy aiming at specific sectors need to be adopted, with the greatest importance being attached to those infrastructural indicators that have highest total impact and strongest 'linkages' across sectors. Only this can sustain the development 'push' generated in West Bengal. Otherwise, the superstructure will have only a weak base and will come crashing down any day.
2005
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/4820/1/MPRA_paper_4820.pdf
Majumder, Rajarshi and Mukherjee, Dipa (2005): Infrastructure and Development Interlinkage in West Bengal: A VAR Analysis. Published in: Artha-Niti , Vol. III, No. 1 & 2 (2005)
en
oai:mpra.ub.uni-muenchen.de:4850
2019-09-29T23:33:08Z
7374617475733D756E707562
7375626A656374733D4F:4F35:4F3533
7375626A656374733D52:5231:523132
7375626A656374733D52:5231:523131
7375626A656374733D45:4536:453635
7375626A656374733D4F:4F31:4F3138
7375626A656374733D4F:4F34:4F3437
7375626A656374733D4F:4F31:4F3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/4850/
GROWTH AND DEVELOPMENT: THE INDIAN EXPERIENCE
Majumder, Rajarshi
O53 - Asia including Middle East
R12 - Size and Spatial Distributions of Regional Economic Activity
R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
E65 - Studies of Particular Policy Episodes
O18 - Urban, Rural, Regional, and Transportation Analysis ; Housing ; Infrastructure
O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence
O11 - Macroeconomic Analyses of Economic Development
Debate over Growth and Development are quite old in the history of economic thinking. It is argued that development encompasses comprehensive issues like health, education, equality, and liveability while growth is too narrow a concept. This paper analyses the growth and development experience in India using multiple indicators. Development seems to have lagged behind growth in recent times. Disparity seems to have increased in the post-reform period, caused mainly by further slowing down of low-income states. Imbalances seem to have percolated across economic groups also. This leads us to believe that the remarkable growth that has occurred recently has not been egalitarian and hence development has failed to keep pace with it. Important reasons behind this may be imbalances in Infrastructural facilities and Public Investment, as well as differences in governance. Still, developmental level seems to be higher in the high growth regions, indicating the necessity of the latter for the former.
2005
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/4850/1/MPRA_paper_4850.pdf
Majumder, Rajarshi (2005): GROWTH AND DEVELOPMENT: THE INDIAN EXPERIENCE.
en
oai:mpra.ub.uni-muenchen.de:5364
2019-10-13T18:52:12Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3139
7375626A656374733D4F:4F35:4F3537
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F31:4F3136
7375626A656374733D4F:4F32:4F3234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/5364/
Exchange rate volatility and investment: a panel data cointegration approach
Diallo, Ibrahima Amadou
O19 - International Linkages to Development ; Role of International Organizations
O57 - Comparative Studies of Countries
O11 - Macroeconomic Analyses of Economic Development
O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance
O24 - Trade Policy ; Factor Movement Policy ; Foreign Exchange Policy
This paper examines the link between the real exchange rate volatility and domestic investment by using the panel data cointegration techniques. In the first part of the paper, we study the theoretical link between the exchange rate, its volatility and the investment in a small open economy. The model shows that the effects of exchange rate volatility on investment are nonlinear. In the second part, we examine the empirical link between the exchange rate volatility and the investment. The results illustrate that the exchange rate volatility has a strong negative impact on investment. This outcome is robust in low income and middle income countries, and by using an alternative measurement of exchange rate volatility
2007-04
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/5364/1/MPRA_paper_5364.pdf
Diallo, Ibrahima Amadou (2007): Exchange rate volatility and investment: a panel data cointegration approach.
en
oai:mpra.ub.uni-muenchen.de:5464
2019-09-28T15:52:55Z
7374617475733D756E707562
7375626A656374733D45:4532:453234
7375626A656374733D4A:4A32:4A3230
7375626A656374733D4F:4F31:4F3131
7375626A656374733D45:4532:453237
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/5464/
Exact prediction of inflation and unemployment in Japan
Kitov, Ivan
E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity
J20 - General
O11 - Macroeconomic Analyses of Economic Development
E27 - Forecasting and Simulation: Models and Applications
Past and future evolution of inflation, p(t), and unemployment, UE(t), in Japan is modeled. Both variables are represented as linear functions of the change rate of labor force level. These models provide an accurate description for disinflation in the 1990s and deflationary period in the 2000s.
In Japan, there exists a statistically reliable (R2=0.68) Phillips curve. This Phillips curve is characterized by a negative relation between inflation and unemployment and their synchronous evolution: UE(t) = -0.94p(t) + 0.045. Effectively, growing unemployment has resulted in decreasing inflation since 1982.
A linear and lagged generalized relationship between inflation, unemployment and labor force has been also obtained for Japan: p(t) = 2.8*dLF(t)/LF(t) + 0.9*UE(t) - 0.0392.
Labor force projections allow a reliable prediction of inflation and unemployment in Japan: CPI inflation will be negative (between -0.5% and -1% per year) during the next 40 years. Unemployment will increase from 4.0% in 2010 to 5.3% in 2050
2007-10
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/5464/1/MPRA_paper_5464.pdf
Kitov, Ivan (2007): Exact prediction of inflation and unemployment in Japan.
en
oai:mpra.ub.uni-muenchen.de:5495
2019-09-26T18:34:19Z
7374617475733D756E707562
7375626A656374733D43:4332:433233
7375626A656374733D45:4534:453434
7375626A656374733D4F:4F31:4F3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/5495/
What Determines the Banking Sector Performance in Globalized Financial Markets: The Case of Turkey?
Aysan, Ahmet Faruk
Ceyhan, Sanli Pinar
C23 - Panel Data Models ; Spatio-temporal Models
E44 - Financial Markets and the Macroeconomy
O11 - Macroeconomic Analyses of Economic Development
This study attempts to give an insight about the trend in the performance of the Turkish banking sector by conducting a panel data fixed effects regression analysis. The results reveal that efficiency change is negatively related to the number of branches. We find a positive relationship between loan ratio and the performance indices efficiency and efficiency change. Furthermore, bank capitalization is positively related to efficiency change. Interestingly however, return on equity is not statistically significant in explaining any of the efficiency measures. There is also no robust relationship between foreign ownership and efficiency. Finally, restructuring attempts in post-crises epoch robustly account for the improvement in efficiency scores in recent years.
2007
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/5495/1/MPRA_paper_5495.pdf
Aysan, Ahmet Faruk and Ceyhan, Sanli Pinar (2007): What Determines the Banking Sector Performance in Globalized Financial Markets: The Case of Turkey?
en
oai:mpra.ub.uni-muenchen.de:5551
2019-10-08T04:28:19Z
7374617475733D696E7072657373
7375626A656374733D4F:4F35:4F3533
7375626A656374733D4F:4F31:4F3134
7375626A656374733D4F:4F35:4F3535
7375626A656374733D4F:4F35:4F3537
7375626A656374733D4F:4F31:4F3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/5551/
Economic Development Patterns and Outcomes in Africa and Asia
Maswana, Jean-Claude
O53 - Asia including Middle East
O14 - Industrialization ; Manufacturing and Service Industries ; Choice of Technology
O55 - Africa
O57 - Comparative Studies of Countries
O11 - Macroeconomic Analyses of Economic Development
The present paper draws heavily on the existing empirical literature and compares Asian
(mainly the high-performing economies) and African economies to illuminate the patterns
of economic development as they developed since the 1960s. The discussion points to
strong physical and human capital accumulation as well as pro-export policies, international favorable attitude and social capital as main reasons behind the HPAEs‘ successful development. Quite the opposite, SSA have found itself trapped into economic stagnation since the mid-1970s and culminated in steadily declining living standards. The extent of the Asian–African divergence can also be found in agriculture productivity, manufacturing growth and exports. The paper concludes with distinctive patterns of the two regions development, respectively termed as a ―self-consistent development model for the HPAEs, in opposition to the Africa pattern: the ―inconsistent development model. Furthermore, the paper argues that the inference that the Africa could duplicate the East Asian experience is largely not relevant.
2006-02
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/5551/1/MPRA_paper_5551.pdf
Maswana, Jean-Claude (2006): Economic Development Patterns and Outcomes in Africa and Asia. Forthcoming in: Congo Economic Review Working Papers Series (2006)
en
oai:mpra.ub.uni-muenchen.de:5561
2019-10-03T20:45:44Z
7374617475733D707562
7375626A656374733D4F:4F33:4F3338
7375626A656374733D4F:4F31:4F3136
7375626A656374733D4F:4F35:4F3534
7375626A656374733D4F:4F31:4F3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/5561/
APERTURA. GASTO PÚBLICO Y CONVERGENCIA EN AMÉRICA LATIN: UN MODELO ECONOMETRICO ESPACIAL
Jorge E, Mendoza
O38 - Government Policy
O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance
O54 - Latin America ; Caribbean
O11 - Macroeconomic Analyses of Economic Development
The study focuses on the analysis of economic growth of the Latin American countries, during the period 1950-2000 The methodology of the paper is based on the use of spatial econometric thechniques applied to a cross section and panel data. The results showed conditional convergence for the region from 1950 to 1975, and both absolute and conditional divergence from 1980 to 2000.
2007
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/5561/1/MPRA_paper_5561.pdf
Jorge E, Mendoza (2007): APERTURA. GASTO PÚBLICO Y CONVERGENCIA EN AMÉRICA LATIN: UN MODELO ECONOMETRICO ESPACIAL. Published in: Comercio Exterior , Vol. 57, No. 9 (December 2007): pp. 705-717.
es
oai:mpra.ub.uni-muenchen.de:5582
2019-09-30T22:54:10Z
7374617475733D756E707562
7375626A656374733D43:4333:433332
7375626A656374733D4F:4F31:4F3131
7375626A656374733D46:4634:463431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/5582/
Testing Export-led Growth Hypothesis in Kenya: An ADRL Bounds Test Approach
Mohan, Ramesh
Nandwa, Boaz
C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models
O11 - Macroeconomic Analyses of Economic Development
F41 - Open Economy Macroeconomics
Over the years, there has been extensive research on the relationship between a country’s export and economic growth with ambiguous and mixed results. Instead of using the conventional cointegration approach, this paper re-examines the export-led growth hypothesis for Kenya using autoregressive distributed lag (ADRL) bounds technique. This approach is capable of testing for the existence of a long-run relationship regardless of whether the underlying time series are individually I(1) or I(0). This enhances the stability and robustness of our results. In addition, we examine the Granger causality between exports and economic growth over the sample period. The results indicate that there exists a long-term relationship between GDP growth and exports, and it is unidirectional, running from exports to GDP growth. Hence, in the case of Kenya, export enhancing policies are recommended in promoting and sustaining economic growth.
2007-11-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/5582/1/MPRA_paper_5582.pdf
Mohan, Ramesh and Nandwa, Boaz (2007): Testing Export-led Growth Hypothesis in Kenya: An ADRL Bounds Test Approach.
en
oai:mpra.ub.uni-muenchen.de:5645
2019-09-28T04:35:26Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D46:4634
7375626A656374733D43:4333:433332
7375626A656374733D46:4631:463134
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/5645/
Balance of payments constrained growth model: evidence for Bolivia 1953-2002
Arevilca Vasquez, Bismarck Javier
Risso Charquero, Adrian Winston
O11 - Macroeconomic Analyses of Economic Development
F4 - Macroeconomic Aspects of International Trade and Finance
C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models
F14 - Empirical Studies of Trade
Theoretical and empirical literature have focused on supply factors when studying economic growth determinants. The present work analyzes demand factors as determinants of the Bolivian economic growth between 1953-2002 using framework introduced by Thirlwall (1979). According to cointegration analysis exports were an important determinant in the Bolivian economic growth for the whole period. In addition, real exchange rate presents a negative relationship respect to the long run growth. Further results show that Bolivian imports are more elastics than exports respect to the GDP, determining a negative impact in trade balance. An hypothesis is that the implemented economic model after 1985 has increased the external constraint of the country causing a process of “deindustrialization”.
2007-09-10
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/5645/1/MPRA_paper_5645.pdf
Arevilca Vasquez, Bismarck Javier and Risso Charquero, Adrian Winston (2007): Balance of payments constrained growth model: evidence for Bolivia 1953-2002.
en
oai:mpra.ub.uni-muenchen.de:6189
2019-09-30T19:07:11Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D46:4634:463433
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/6189/
The Growth Effects of Openness to Trade and the Role of Institutions: New Evidence from African Countries
Baliamoune-Lutz, Mina
Ndikumana, Léonce
O11 - Macroeconomic Analyses of Economic Development
F43 - Economic Growth of Open Economies
In this paper, we explore the argument that one of the causes for the limited
growth effects of trade openness in Africa may be the weakness of institutions.
We also control for several major factors and, in particular, for export
diversification, using a newly developed dataset on Africa. Results from Arellano-
Bond GMM estimations on panel data from African countries show that
institutions play an important role in enhancing the growth effects of trade.
Moreover, we find that the joint effect of institutions and trade has a U-shape,
suggesting that as openness to trade reaches high levels, institutions play a critical
role in harnessing the trade-led engine of growth. The results from this paper are
informative about the missing link between trade liberalization and growth in the
case of African countries.
2007
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/6189/1/MPRA_paper_6189.pdf
Baliamoune-Lutz, Mina and Ndikumana, Léonce (2007): The Growth Effects of Openness to Trade and the Role of Institutions: New Evidence from African Countries.
en
oai:mpra.ub.uni-muenchen.de:6307
2019-09-26T08:44:10Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D44:4436:443632
7375626A656374733D48:4835
7375626A656374733D49:4932:493238
7375626A656374733D48:4832:483233
7375626A656374733D49:4932:493232
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/6307/
(Mis-)Understanding Education Externalities
Mueller, Normann
O11 - Macroeconomic Analyses of Economic Development
D62 - Externalities
H5 - National Government Expenditures and Related Policies
I28 - Government Policy
H23 - Externalities ; Redistributive Effects ; Environmental Taxes and Subsidies
I22 - Educational Finance ; Financial Aid
This article reviews the current state of research on education externalities. It finds that
much of the confusion regarding their magnitude results from conceptual
misunderstandings about their nature. The concepts of 'education', 'teaching', and
'knowledge' need to be distinguished for a better understanding. Whereas pure teaching
yields externalities on the primary and secondary level, only the generation of knowledge
may produce the spillovers which are typically linked to the tertiary level. The
accumulation of education itself does not have such an effect. Education is argued to be a
private good with well defined property rights. Individuals may exploit those and provide
the production sector with the efficient amount of human capital. Following this rationale,
it is demonstrated that empirical studies, contrasting estimates of private and social
returns to education, are unsuitable to substantiate the existence of externalities. As a
consequence, subsidies to tertiary programs are called into question.
2007-11
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/6307/1/MPRA_paper_6307.pdf
Mueller, Normann (2007): (Mis-)Understanding Education Externalities.
en
oai:mpra.ub.uni-muenchen.de:6508
2019-09-26T14:35:11Z
7374617475733D707562
7375626A656374733D46:4634
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4A:4A38
7375626A656374733D4A:4A33
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/6508/
Taking gender differences in bargaining power seriously: Equity, labor standards, and living wages.
Seguino, Stephanie
F4 - Macroeconomic Aspects of International Trade and Finance
O11 - Macroeconomic Analyses of Economic Development
J8 - Labor Standards: National and International
J3 - Wages, Compensation, and Labor Costs
Expanding women’s outside options, including paid work at living wages, is a mechanism for improving their well-being. But in developing countries, the dual phenomenon of women’s segregation in export industries and increased firm mobility constrain women’s ability to improve their wages, work conditions, and to bargain for more secure jobs. Efforts to bargain for higher compensation can lead to employment losses, if firms relocate to lower wage sites. These structural factors, rather than gender gaps in education, are largely responsible for persistent wage inequality. The World Bank views trade and market liberalization as unambiguously beneficial mechanisms to improve women’s relative status, but this view must be questioned in light of the structural conditions faced in labor markets. Since outside income has been shown to improve gender equity, what can be done to raise women's relative wages and improve labor standards while avoiding negative effects on output and employment? This paper seeks to answer that question, and considers the macro level policies that might be pursued in order to overcome structural impediments to gender wage equity.
2003-02
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/6508/2/MPRA_paper_6508.pdf
Seguino, Stephanie (2003): Taking gender differences in bargaining power seriously: Equity, labor standards, and living wages. Published in: (2006)
en
oai:mpra.ub.uni-muenchen.de:6509
2019-09-26T12:16:44Z
7374617475733D707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D49:4933:493331
7375626A656374733D4A:4A31:4A3136
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/6509/
The great equalizer?: Globalization effects on gender equality in Latin America and the Caribbean
Seguino, Stephanie
O11 - Macroeconomic Analyses of Economic Development
I31 - General Welfare, Well-Being
J16 - Economics of Gender ; Non-labor Discrimination
This paper assesses the impact of 30 years of globalization on gender equity in well-being in Latin America and the Caribbean. Data indicate that while some gaps in well-being have narrowed, progress is uneven across a set of nine indicators, and in some cases, conditions have worsened. Despite the optimism of market proponents, growth is not found to be an equalizer for gender anymore than it has been shown to be by class. The results here indicate that growth exhibits a negative effect on some indicators, while growth of real government expenditures, female share of the labor force, and structural change variables exert a positive effect.
2006
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/6509/2/MPRA_paper_6509.pdf
Seguino, Stephanie (2006): The great equalizer?: Globalization effects on gender equality in Latin America and the Caribbean. Published in: (2007)
en
oai:mpra.ub.uni-muenchen.de:6540
2019-09-26T16:13:15Z
7374617475733D707562
7375626A656374733D46:4634
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F32
7375626A656374733D4A:4A32
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/6540/
Gender equity and globalization: Macroeconomic policy for developing countries
Seguino, Stephanie
Grown, Caren
F4 - Macroeconomic Aspects of International Trade and Finance
O11 - Macroeconomic Analyses of Economic Development
O2 - Development Planning and Policy
J2 - Demand and Supply of Labor
This paper reviews the evidence of gender effects of globalization in developing
economies. It then outlines a set of macroeconomic and trade policies to promote gender equity in the distribution of resources. The evidence suggests that while liberalization has expanded women’s access to employment, the long-term goal of transforming gender inequalities remains unmet and appears unattainable without regulation of capital, and a reorientation and expansion of the state’s role in funding public goods and providing s a social safety net. This paper sets forth some general principles that can produce greater gender equality, premised on shifting economies from profit-led, export-oriented to wage-led, full-employment economies. The framework is Kaleckian in its focus on the relationship between the gender distribution of income and macroeconomic outcomes.
2006
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/6540/1/MPRA_paper_6540.pdf
Seguino, Stephanie and Grown, Caren (2006): Gender equity and globalization: Macroeconomic policy for developing countries. Published in: Journal of International Development , Vol. 18, (2006): pp. 1-24.
en
oai:mpra.ub.uni-muenchen.de:6541
2019-10-08T04:38:38Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D44:4439:443931
7375626A656374733D45:4532:453231
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/6541/
Gender effects on aggregate saving: A Theoretical and Empirical Analysis
Floro, Maria
Seguino, Stephanie
O11 - Macroeconomic Analyses of Economic Development
D91 - Intertemporal Household Choice ; Life Cycle Models and Saving
E21 - Consumption ; Saving ; Wealth
This study investigates the hypothesis that shifts in women’s relative income, which affects their bargaining power in the household, have discernible effects on aggregate saving due to differing saving propensities by gender. An analytical framework for pooled and non-pooled savings households is developed to examine why women and men’s saving propensities may differ and how a change in women’s wage earnings relative to men’s influences household savings. An empirical analysis is conducted using panel data for a set of 20 semi-industrialized economies, covering the period 1975-95. The results indicate that as some measures of women’s discretionary income and bargaining power increase, aggregate saving rates rise, implying a significant effect of gender on aggregate savings. These findings demonstrate the importance of understanding gender relations at the household level in planning for savings mobilization and in the formulation of financial and investment policies.
2002-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/6541/1/MPRA_paper_6541.pdf
Floro, Maria and Seguino, Stephanie (2002): Gender effects on aggregate saving: A Theoretical and Empirical Analysis.
en
oai:mpra.ub.uni-muenchen.de:6547
2019-09-28T03:11:31Z
7374617475733D707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F35:4F3533
7375626A656374733D49:4933:493331
7375626A656374733D4A:4A31:4A3136
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/6547/
Gender, quality of life, and growth in Asia 1070 to 1990
Seguino, Stephanie
O11 - Macroeconomic Analyses of Economic Development
O53 - Asia including Middle East
I31 - General Welfare, Well-Being
J16 - Economics of Gender ; Non-labor Discrimination
This paper examines the gender distribution of the benefits of economic growth in several Asian economies from 1970-90. Using Borda rank ordering, we compare the progress made in these countries towards closing the gender gap in well-being. In addition to commonly-used indicators, trends in the ratio of females to males in the population are examined. We explore determinants of changes in this ratio, using regression analysis. The results indicate that gender equity in quality-of-life ratings is highest in those Asian economies that grew the slowest over the period in question. Further, the data indicate that economic growth does not have a significant effect on the female to male population ratios for this set of countries. Variables that affect women’s bargaining power do, however, have a positive effect on relative female life chances, as does spending on public education.
2002
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/6547/1/MPRA_paper_6547.pdf
Seguino, Stephanie (2002): Gender, quality of life, and growth in Asia 1070 to 1990. Published in: The Pacific Review , Vol. 15, No. 2 (2002): pp. 245-277.
en
oai:mpra.ub.uni-muenchen.de:6594
2019-10-03T12:43:10Z
7374617475733D707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F35:4F3537
7375626A656374733D4F:4F34
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/6594/
Economic Reform and Economic Performance: Evidence from 20 Developing Countries
White, Howard
Leavy, Jennifer
O11 - Macroeconomic Analyses of Economic Development
O57 - Comparative Studies of Countries
O4 - Economic Growth and Aggregate Productivity
Do adjustment policies assist or retard growth? This paper presents data on economic performance
(aggregate and sectoral growth, inflation, investment and external account) for 20 countries. The data are
classified on an annual basis according to the country’s policy stance in that year: controlled economy,
partially or fully liberalised. This approach allows both control-group and before-versus-after analyses which
are combined with a review of growth regressions and an analysis of case study material on adjustment. The
evidence suggests three hypotheses. First, countries with controlled economies have performed badly
compared with those which have moved towards greater market orientation. Second, economic performance
does not differ greatly between fully-fledged market economies and partially liberalised ones: partly because
several countries have pursued liberalisation with no improvement in performance. Third, given that there is
little difference in manufacturing and agricultural growth between full and partial liberalisers yet overall
growth is more rapid for the former, the additional growth must be in the service sector. These hypotheses
suggest that the balance between state and market should be tilted more toward the state than is currently
supported by international development agencies.
2000
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/6594/1/MPRA_paper_6594.pdf
White, Howard and Leavy, Jennifer (2000): Economic Reform and Economic Performance: Evidence from 20 Developing Countries. Published in: European Journal of Development Research , Vol. 13, No. 2 (2001): pp. 120-143.
en
oai:mpra.ub.uni-muenchen.de:6745
2019-09-27T00:25:47Z
7374617475733D707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D46:4632:463231
7375626A656374733D4F:4F32:4F3234
7375626A656374733D4F:4F31:4F3136
7375626A656374733D4F:4F31:4F3130
7375626A656374733D46:4634:463433
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/6745/
Globalisation: economic stagnation and divergence
Freeman, Alan
O11 - Macroeconomic Analyses of Economic Development
F21 - International Investment ; Long-Term Capital Movements
O24 - Trade Policy ; Factor Movement Policy ; Foreign Exchange Policy
O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance
O10 - General
F43 - Economic Growth of Open Economies
This is a prepublication version of an analysis of stagnation and divergence in the world economy which appeared in Pettifor, A (2003) Real World Economic Outlook, pp152-159. Basingstoke: Palgrave MacMillan, pp152-164. A fuller version of this same paper was presented to the British International Studies Association conference in September 2002.
It uses data published by the IMF’s World Economic Outlook team to establish that world GDP per head, calculated in constant 1995 dollars at current market exchange, remained static between 1980 and 2002 and declined absolutely between 1988 and 2002.
Over the same period – ‘globalisation’, understood as the period of intense financial deregulation and the creation of a world market in capital – this article uses the same figures to prove that the income gap between the North and the South has doubled.
Inequality is measured as the ratio between GDP per capita in the IMF’s ‘Advanced countries’ and all remaining countries, in current dollars at market exchange rates.
At the beginning of globalisation this ratio was approximately 10 to 1. By 2002 it was nearly 23 to 1. Over this period the real average GDP per capita of the ‘non-advanced countries’ comprising four-fifths of the world’s population, has fallen absolutely, from $1400 to $1100 per year.
This economic failure, the article argues, is the underlying cause of the political instability that characterises the current period. The most basic problem of the world economy has not been solved – the imbalance between the declining relative productivity of the USA and its commercial and military dominance.
The result is predicted to be a unstable period of history as these contradictions work their way through into the political sphere.
2003
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/6745/1/MPRA_paper_6745.pdf
Freeman, Alan (2003): Globalisation: economic stagnation and divergence. Published in: Pettifor, A (2003) Real World Economic Outlook, Basingstoke: Palgrave MacMillan, (2003): pp. 152-159.
en
oai:mpra.ub.uni-muenchen.de:6835
2019-09-29T07:08:01Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D46:4633:463332
7375626A656374733D4F:4F35:4F3537
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/6835/
Volatility of short term capital flows and socio-political instability in developing countries: A review
Demir, Firat
O11 - Macroeconomic Analyses of Economic Development
F32 - Current Account Adjustment ; Short-Term Capital Movements
O57 - Comparative Studies of Countries
The paper reviews the theoretical and empirical evidence on the relationship between financial liberalization and socio-political risk by identifying the inter-dependent nature of socio-political and economic fault lines. In particular, the research examines the dynamic relationship between the volatility of short-term capital flows and socio-political instability. Accordingly, the socio-political risk is argued to be endogenously determined with the volatility of short term capital inflows such that increasing volatility by disrupting market activities, domestic investment and growth increases socio-political risk, which further feeds into the volatility of such flows. Using evidence from three major developing countries that are Argentina, Mexico and Turkey and applying Granger causality tests and Impulse Response Functions, the paper finds support for the presence of an endogenous relationship between the volatility of short-term capital inflows and socio-political instability. The results challenge the previous research regarding the use of political risk as a purely exogenous variable.
2007-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/6835/1/MPRA_paper_6835.pdf
Demir, Firat (2007): Volatility of short term capital flows and socio-political instability in developing countries: A review.
en
oai:mpra.ub.uni-muenchen.de:6938
2019-09-30T06:12:47Z
7374617475733D707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F34:4F3437
7375626A656374733D46:4631:463131
7375626A656374733D46:4631:463132
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/6938/
Trade and Sectoral Productivity
Fadinger, Harald
Fleiss, Pablo
O11 - Macroeconomic Analyses of Economic Development
O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence
F11 - Neoclassical Models of Trade
F12 - Models of Trade with Imperfect Competition and Scale Economies ; Fragmentation
Even though differences in sectoral total factor productivity are at the heart of Ricardian trade theory and many models of growth and development, very little is known about their size and their form. In this paper we try to fill this gap by using a Hybrid-Ricardo-Heckscher-Ohlin trade model and bilateral sectoral trade data to overcome the data problem that has limited previous studies, which have used input and output data to back out productivities, to a small number of OECD economies. We provide a comparable set of sectoral productivities for 24 manufacturing sectors and more than sixty countries at all stages of development. Our results show that TFP differences in manufacturing sectors between rich and poor countries are substantial and far more pronounced in skill and R\&D intensive sectors. We also apply our productivity estimates to test theories on development that have implications for the patterns of sectoral productivities across countries.
2008-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/6938/1/MPRA_paper_6938.pdf
Fadinger, Harald and Fleiss, Pablo (2008): Trade and Sectoral Productivity. Published in: ECORE Discussion Paper No. 2008/4 (January 2008)
en
oai:mpra.ub.uni-muenchen.de:7029
2019-10-06T04:27:08Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F31:4F3130
7375626A656374733D50:5035:503531
7375626A656374733D50:5031:503136
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/7029/
Understanding Long-Run African Growth: Colonial Institutions or Colonial Education? Evidence from a New Data Set
Bolt, Jutta
Bezemer, Dirk
O11 - Macroeconomic Analyses of Economic Development
O10 - General
P51 - Comparative Analysis of Economic Systems
P16 - Political Economy
Long-term growth in developing countries has been explained in four frameworks: ‘extractive colonial institutions’ (Acemoglu et al., 2001), ‘colonial legal origin’ (La Porta et al., 2004) ‘geography’ (Gallup et al., 1998) and ‘colonial human capital’ (Glaeser et al., 2004). In this paper we test the ‘colonial human capital’ explanation for sub-Saharan Africa, controlling for legal origins and geography. Utilizing freshly collected data on colonial-era population density and education, we find that in sub-Saharan Africa, high European population mortality did not lead to low European population densities, contra Acemoglu et al., (2001). Further, we find that instrumented human capital explains long-term growth better, and shows greater stability over time, than instrumented measures for extractive institutions. We therefore suggest that the impact of the disease environment on African long-term growth runs through a human capital channel rather than an extractive-institutions channel. The effect of education is robust to including variables capturing legal origin and geography, which have additional explanatory power. We also find some evidence that institutions are endogenous to education.
2008-02
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/7029/1/MPRA_paper_7029.pdf
Bolt, Jutta and Bezemer, Dirk (2008): Understanding Long-Run African Growth: Colonial Institutions or Colonial Education? Evidence from a New Data Set.
en
oai:mpra.ub.uni-muenchen.de:7053
2019-10-30T06:01:15Z
oai:mpra.ub.uni-muenchen.de:7281
2019-10-27T06:03:29Z
oai:mpra.ub.uni-muenchen.de:7345
2019-10-05T16:41:14Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D50:5032:503234
7375626A656374733D45:4532:453236
7375626A656374733D45:4530:453031
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/7345/
Measuring Underground (Unobserved, Non-Observed, Unrecorded) Economies in Transition Countries: Can We Trust GDP?
Feige, Edgar L.
Urban, Ivica
O11 - Macroeconomic Analyses of Economic Development
P24 - National Income, Product, and Expenditure ; Money ; Inflation
E26 - Informal Economy ; Underground Economy
E01 - Measurement and Data on National Income and Product Accounts and Wealth ; Environmental Accounts
Abstract
This paper compiles alternative estimates of underground economies in twenty five transition countries during the transition decade and finds a disturbing lack of convergence between them, calling into question the reliability of GDP figures (which in varying degrees now include non-transparent imputations for the “non-observed economy”) as well as the macro model estimates of the unrecorded economy. A corollary of this finding is that substantive results from many studies examining the consequences of the radical transition from planned to market economies must be viewed with considerable skepticism. Underground (unobserved, non-observed, unrecorded) economic activities play a major role in transition economies. Evaluations of the success and failure of the transition experience should be based on estimates of total economic activity (TEA) namely, recorded plus unrecorded economic activity. We examine the conceptual and empirical relationships between new National Income and Product Accounts (NIPA) methods for obtaining “exhaustive” measures of total economic activity and the two most popular macro-model approaches (electric consumption and currency ratio models) for estimating the size and growth of the unrecorded sector. Our updated empirical results detailing the size and trajectory of unrecorded activities obtained from different estimation methods reveal a disturbing lack of convergence. Until these important differences are resolved, investigations of the relationship between economic reforms and economic outcomes during the transition decade must be viewed with considerable caution. Given the shortcomings of conventional macro model estimates of the underground economy and the lack of transparency and consistency of NOE estimates, it is high time that the profession acknowledges how little we really know about underground economies and their causes and consequences.
2007-11
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/7345/1/MPRA_paper_7345.pdf
Feige, Edgar L. and Urban, Ivica (2007): Measuring Underground (Unobserved, Non-Observed, Unrecorded) Economies in Transition Countries: Can We Trust GDP?
en
oai:mpra.ub.uni-muenchen.de:7603
2019-09-26T17:51:22Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F34:4F3431
7375626A656374733D4F:4F34:4F3437
7375626A656374733D46:4631:463131
7375626A656374733D46:4634:463433
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/7603/
Productivity Differences in an Interdependent World
Fadinger, Harald
O11 - Macroeconomic Analyses of Economic Development
O41 - One, Two, and Multisector Growth Models
O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence
F11 - Neoclassical Models of Trade
F43 - Economic Growth of Open Economies
This paper studies cross country differences in productivity from an open economy perspective by using a Helpman-Krugman-Heckscher-Ohlin model. This allows to combine tools from development accounting and the trade literature. When simultaneously fitting data on income, factor prices and the factor content of trade, I find that rich countries have far higher productivities of human capital than poor ones, while differences in physical capital productivity are not systematically related to income per worker. I estimate an aggregate elasticity of substitution between human and physical capital that is significantly below one, clearly rejecting a world that consists of a collection of Cobb-Douglas economies and also one where Heckscher-Ohlin trade is important.
2008-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/7603/1/MPRA_paper_7603.pdf
Fadinger, Harald (2008): Productivity Differences in an Interdependent World.
en
oai:mpra.ub.uni-muenchen.de:7821
2019-09-27T11:57:36Z
7374617475733D707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D43:4331:433133
7375626A656374733D43:4335:433531
7375626A656374733D43:4335:433532
7375626A656374733D4F:4F31:4F3137
7375626A656374733D43:4330:433032
7375626A656374733D45:4531:453137
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/7821/
Параллельные вычисления в математическом моделировании региональной экономики // Параллельные вычислительные технологии - 2007. Труды первой международной научной конференции. Челябинск: Изд-во Южно-Уральского государственного университета, 2007. C.140-151.
Olenev, Nicholas
O11 - Macroeconomic Analyses of Economic Development
C13 - Estimation: General
C51 - Model Construction and Estimation
C52 - Model Evaluation, Validation, and Selection
O17 - Formal and Informal Sectors ; Shadow Economy ; Institutional Arrangements
C02 - Mathematical Methods
E17 - Forecasting and Simulation: Models and Applications
Parallel calculations on modern multiprocessing technics open new opportunities in application of mathematical models for research ekonomy of region. Use of normative models was limited to complexity of their identification due to a lot of unknown parameters. In work the technique of identification of models of economy is offered, criteria of affinity and similarity of time numbers of the economic parameters, used for indirect definition of unknown parameters by comparison of settlement parameters with their statistical analogues are presented. Are yielded results of numerical experiments with balance normative multisector model of economy of the Kirov Region from Russia, a model of regional economy being by working prototype.
2006-12-15
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/7821/1/MPRA_paper_7821.pdf
Olenev, Nicholas (2006): Параллельные вычисления в математическом моделировании региональной экономики // Параллельные вычислительные технологии - 2007. Труды первой международной научной конференции. Челябинск: Изд-во Южно-Уральского государственного университета, 2007. C.140-151. Published in: (29 January 2007): pp. 140-151.
ru
oai:mpra.ub.uni-muenchen.de:7823
2019-09-27T10:04:43Z
7374617475733D707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D46:4631:463135
7375626A656374733D43:4336:433638
7375626A656374733D4F:4F31:4F3138
7375626A656374733D4F:4F31:4F3137
7375626A656374733D43:4335:433532
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/7823/
A Normative Balance Dynamic Model of Regional Economy for Study Economic Integrations // Economic integration, competition and cooperation. 6th International Conference . 2007. Opatija - Croatia: University of Rijeka. April 19-20.(CD-Book: Session 6) 15 pp.
Olenev, Nicholas
O11 - Macroeconomic Analyses of Economic Development
F15 - Economic Integration
C68 - Computable General Equilibrium Models
O18 - Urban, Rural, Regional, and Transportation Analysis ; Housing ; Infrastructure
O17 - Formal and Informal Sectors ; Shadow Economy ; Institutional Arrangements
C52 - Model Evaluation, Validation, and Selection
A simplest multi-sector dynamic model for regional economy is a normative balance mathematical model, but it contains a lot of unspecified parameters which are not defined directly by the data of economic statistics. Only confidence intervals for the unknown parameters can be computed from the statistical data. This work presents a method for estimation of the model parameters by application of parallel computations on multi-processors systems and by some heuristic algorithms. They determine the unknown parameters of economic model by indirect way, comparing time series for macro indexes calculated by model with statistical time series for these indexes. A new wavelet based measure of similarity was used. The use of the method is illustrated by the parameter estimation of a macroeconomic model of Kirov (Vyatka) Region of Russia for 2000-2006. The each production sector shadow money stock grows due to sale of shadow final product to households and as intermediate product to other sectors. Calibrated model is used for estimation of the Regional Government economic politics in particular for politics of regional economic integration.
2007-04-18
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/7823/1/MPRA_paper_7823.pdf
Olenev, Nicholas (2007): A Normative Balance Dynamic Model of Regional Economy for Study Economic Integrations // Economic integration, competition and cooperation. 6th International Conference . 2007. Opatija - Croatia: University of Rijeka. April 19-20.(CD-Book: Session 6) 15 pp. Published in: (18 July 2007)
en
oai:mpra.ub.uni-muenchen.de:7842
2019-10-01T04:43:13Z
7374617475733D756E707562
7375626A656374733D4F:4F31
7375626A656374733D4F:4F31:4F3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/7842/
Realităţi si perspective ale economiei bazate pe cunoaştere din România în contextul integrării în Uniunea Europeană
Burja, Camelia
Burja, Vasile
O1 - Economic Development
O11 - Macroeconomic Analyses of Economic Development
Developing the knowledge-based economy constitutes one of the strategic priorities of the European Union which aims the increase of the performance and economic competitiveness, and Romania like membership country has assumed this important objective. In the paper are carry out the general features of the knowledge-based economy, the competitiveness of Romania within the European Union from this perspective and there are formulated some directions of action in order to achieve the mentioned objective.
2008-03-19
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/7842/2/MPRA_paper_7842.pdf
Burja, Camelia and Burja, Vasile (2008): Realităţi si perspective ale economiei bazate pe cunoaştere din România în contextul integrării în Uniunea Europeană.
en
oai:mpra.ub.uni-muenchen.de:7917
2019-10-04T04:38:01Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F31:4F3130
7375626A656374733D4F:4F33:4F3330
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/7917/
Growth Effects of a Comprehensive Measure of Globalization with Country Specific Time Series Data
Rao, B. Bhaskara
Tamazian, Artur
Vadlamannati, Krishna Chaitanya
O11 - Macroeconomic Analyses of Economic Development
O10 - General
O30 - General
Many studies have estimated the growth effects of globalization where globalization was measured with a few economic variables, ignoring its social and political dimensions. Recently Dreher (2006) has developed a comprehensive measure of globalization with several variables from the economic, political and social sectors. He showed, with the panel data methods, that globalization has positive growth effect implying that countries with higher globalization grow faster. We argue that five year average growth rates, used in many panel data studies, are inadequate proxies for the unobservable steady state growth rate (SSGR). Using the Dreher indices we extend the Solow (1956) model to derive country specific estimates of SSGRs for Singapore, Malaysia, Thailand, India and the Philippines. Our results show that countries with higher levels of globalization have higher SSGRs but the growth effects on SSGRs are smaller than in many studies.
2008-03-25
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/7917/1/MPRA_paper_7917.pdf
Rao, B. Bhaskara and Tamazian, Artur and Vadlamannati, Krishna Chaitanya (2008): Growth Effects of a Comprehensive Measure of Globalization with Country Specific Time Series Data.
en
oai:mpra.ub.uni-muenchen.de:7930
2019-09-28T16:36:25Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F34:4F3431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/7930/
Inverse Ramsey Problem of the Resource Misallocation Effect on Aggregate Productivity
Shuhei, Aoki
O11 - Macroeconomic Analyses of Economic Development
O41 - One, Two, and Multisector Growth Models
This paper examines the extent to and the conditions under which resource misallocation negatively affects aggregate productivity in a model of heterogeneous firms to the highest degree. I analytically derive the minimum aggregate total factor productivity (TFP) under resource misallocation, when frictions are modeled as the taxes levied on a firm's output,
and the range of these taxes is provided. I find that the lower limit of the minimum aggregate TFP is the TFP under perfect substitute goods and constant returns to scale technology. Further, the minimum aggregate TFP is achieved
when the proportion of firms in the lowest tax level is small or when the TFP level of these firms is low.
2008-03-26
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/7930/1/MPRA_paper_7930.pdf
Shuhei, Aoki (2008): Inverse Ramsey Problem of the Resource Misallocation Effect on Aggregate Productivity.
en
oai:mpra.ub.uni-muenchen.de:7956
2019-09-26T13:42:16Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F34:4F3431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/7956/
Inverse Ramsey Problem of the Resource Misallocation Effect on Aggregate Productivity
Aoki, Shuhei
O11 - Macroeconomic Analyses of Economic Development
O41 - One, Two, and Multisector Growth Models
This paper examines the extent to and the conditions under which resource misallocation negatively affects aggregate productivity in a model of heterogeneous firms to the highest degree. I analytically derive the minimum aggregate total factor productivity (TFP) under resource misallocation, when frictions are modeled as the taxes levied on a firm's output,
and the range of these taxes is provided. I find that the lower limit of the minimum aggregate TFP is the TFP under perfect substitute goods and constant returns to scale technology. Further, the minimum aggregate TFP is achieved
when the proportion of firms in the lowest tax level is small or when the TFP level of these firms is low.
2008-03-26
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/7956/1/MPRA_paper_7956.pdf
Aoki, Shuhei (2008): Inverse Ramsey Problem of the Resource Misallocation Effect on Aggregate Productivity.
en
oai:mpra.ub.uni-muenchen.de:7989
2019-09-29T04:34:32Z
7374617475733D707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D51:5131
7375626A656374733D4F:4F31
7375626A656374733D51:5130
7375626A656374733D4F:4F31:4F3133
7375626A656374733D51:5130:513031
7375626A656374733D51:5131:513138
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/7989/
Adapting the Romanian rural economy to the European agricultural policy from the perspective of sustainable development
Burja, Camelia
Burja, Vasile
O11 - Macroeconomic Analyses of Economic Development
Q1 - Agriculture
O1 - Economic Development
Q0 - General
O13 - Agriculture ; Natural Resources ; Energy ; Environment ; Other Primary Products
Q01 - Sustainable Development
Q18 - Agricultural Policy ; Food Policy
One of the major objectives of the Common Agricultural Policy is the sustainable development of the agricultural sector and of the rural area. Romania, as a country recent integrated in the European Union, has to pass an adapting process to the CAP, in order to achieve sustainable farming development.
The analysis presented in the paper refers to the actual development stage of the sustainable agriculture in Romania and demonstrates the important efforts made on this line, also the very necessary actions for implementing the sustainable development strategy of the rural economy. Realizing this objective is a real chance for Romanian agriculture in order to increase the competitiveness on the EU market, valorizing in this manner its agricultural potential.
2008-03-29
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/7989/1/MPRA_paper_7989.pdf
Burja, Camelia and Burja, Vasile (2008): Adapting the Romanian rural economy to the European agricultural policy from the perspective of sustainable development. Published in: , Vol. Procee, (8 November 2007): pp. 34-40.
en
oai:mpra.ub.uni-muenchen.de:8081
2019-09-29T22:26:27Z
7374617475733D707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D51:5131:513131
7375626A656374733D51:5131:513137
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/8081/
Agricultural productivity and trade: Argentina and the U.S.A.
Chichilnisky, Graciela
McLeod, D.
O11 - Macroeconomic Analyses of Economic Development
Q11 - Aggregate Supply and Demand Analysis ; Prices
Q17 - Agriculture in International Trade
We study labor productivity in agriculture within a two-region, two factor and two commodity economy. Increases in productivity can lead to higher or to lower agricultural prices, depending on the internal structure of the economy. We give necessary and sufficient conditions for either outcome; these depend on technologies, factor endowments and export levels. In a developing economy, improvements in productivity generally lead to higher agricultural prices, i.e. to better terms of trade between agriculture and industry.
In an industrial economy increasing productivity leads instead to lower agricultural prices. The sign of one expression determines the turning point between these two opposite price responses and allows us to explain the effects of trade and investment policies on domestic output and welfare. Simulations of the model are reported with data for Argentina and the U.S.A. circa 1970.
1984
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/8081/1/MPRA_paper_8081.pdf
Chichilnisky, Graciela and McLeod, D. (1984): Agricultural productivity and trade: Argentina and the U.S.A. Published in: Global Analysis and Projections Division No. No. 1984-5 (October 1984): pp. 1-57.
en
oai:mpra.ub.uni-muenchen.de:8187
2019-09-27T16:32:07Z
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7375626A656374733D4F:4F31:4F3131
7375626A656374733D50:5035:503531
7375626A656374733D50:5031:503136
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/8187/
On Measuring Governance: Framing Issues for Debate
Kaufmann, Daniel
Kraay, Aart
O11 - Macroeconomic Analyses of Economic Development
P51 - Comparative Analysis of Economic Systems
P16 - Political Economy
This paper proposes three principles for users and producers of governance indicators that both summarize the challenges in measurement and suggest ways forward: (1) all governance indicators have measurement error, (2) there are no silver bullets, and (3) the links from governance to development outcomes are complex. An overarching message is that alternative governance indicators should be viewed as complements rather than substitutes.
2007-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/8187/1/MPRA_paper_8187.pdf
Kaufmann, Daniel and Kraay, Aart (2007): On Measuring Governance: Framing Issues for Debate. Published in:
en
oai:mpra.ub.uni-muenchen.de:8297
2019-10-01T19:28:03Z
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7375626A656374733D4F:4F31:4F3131
7375626A656374733D43:4336:433638
7375626A656374733D4F:4F31:4F3137
7375626A656374733D41:4131:413130
7375626A656374733D42:4234:423431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/8297/
Causal Depth contra Humean Empiricism: Aspects of a Scientific Realist Approach to Explanation
Khan, Haider
O11 - Macroeconomic Analyses of Economic Development
C68 - Computable General Equilibrium Models
O17 - Formal and Informal Sectors ; Shadow Economy ; Institutional Arrangements
A10 - General
B41 - Economic Methodology
The purpose of this note is to clarify how the idea of "causal depth" can play a role in finding the more "approximately true" explanation through causal comparisons. It is not an exhaustive treatment but rather focuses on a few aspects that may be the most critical in evaluating the explanatory strengths of a theory in the social sciences. It presents a general argument which is anti-Humean on the critical side and scientific realist on the positive side. It also elucidates how explanations in political economy and other social sciences can be judged by the scientific realist criterion of causal depth by an extensive example from research in the political economy of development. In this case, an "intentional" and methodologically individualist neoclassical explanation is contrasted with a "structural" dual-dual approach as rival theories purporting to explain the same set of phenomena. The formal model representing the dual-dual approach can easily be contrasted with its neoclassical counterpart. The comparison shows that the dual-dual model is indeed deeper in terms of causal structure than the neoclassical model
2008
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/8297/1/MPRA_paper_8297.pdf
Khan, Haider (2008): Causal Depth contra Humean Empiricism: Aspects of a Scientific Realist Approach to Explanation.
en
oai:mpra.ub.uni-muenchen.de:8430
2019-09-27T00:17:31Z
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7375626A656374733D4F:4F34:4F3433
7375626A656374733D4F:4F31:4F3136
7375626A656374733D4F:4F35:4F3537
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/8430/
Democracy, Diversification, and Growth Reversals
Cuberes, David
O11 - Macroeconomic Analyses of Economic Development
O43 - Institutions and Growth
O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance
O57 - Comparative Studies of Countries
There exists convincing evidence that democratic countries are less volatile. This conclusion is usually reached with respect to volatility as measured by the standard deviation of annual growth rates of per capita GDP which includes both low and high frequency fluctuations. However, recently several studies have documented that
significant changes in trend-growth, such as growth accelerations that last a decade or similar periods of negative growth, are quite common. In this paper we ask whether democracy also has a stabilizing effect on trend-volatility, i.e. whether more democratic countries experience fewer and milder swings of trend-growth. We
find a common phenomenon medium term reversals of growth, that is periods of exceptionally high growth are, on average, followed by periods of exceptionally low growth, and vice versa. The propensity to experience large swings of trend growth is not uniform across countries-less democratic countries are more susceptible to it. When compared with factors commonly associated with volatility such as measures of quality of institutions, macroeconomic policies and financial development, we find that democracy is the most robust predictor of a country's propensity for growth reversals. We construct a model in which non-democracies have high barriers of entry for new firms. This leads to less sectoral diversification: fewer sectors are operated but more resources are channeled to each.
In an uncertain environment this leads to infrequent but large growth accelerations when one of the few sectors operated is successful. However, these accelerations are followed by large declines when fortunes change in favor of the missing sectors. We present empirical evidence that confirms the positive relationship between democracy and industrial diversification.
2008-04-23
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/8430/1/MPRA_paper_8430.pdf
Cuberes, David (2008): Democracy, Diversification, and Growth Reversals.
en
oai:mpra.ub.uni-muenchen.de:8763
2019-09-26T18:35:27Z
7374617475733D756E707562
7375626A656374733D43:4333:433332
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F31:4F3136
7375626A656374733D45:4534:453434
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/8763/
A model of growth and finance: FIML estimates for India
Rao, B. Bhaskara
Tamazian, Artur
C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models
O11 - Macroeconomic Analyses of Economic Development
O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance
E44 - Financial Markets and the Macroeconomy
Many empirical works addressed the nature of the relationship between economic growth and financial developments. Although these studies concede that they are interdependent, they have used single equations methods for estimation. In particular in the country specific studies the Granger causality tests are applied to equations estimated with the single equations methods to determine whether financial developments cause growth or vice versa. This paper uses the full information maximum likelihood method to estimate a two equations model of growth and finance for India. We also argue that in virtually all these empirical works the specification of the output equation is unsatisfactory. Our results with the Indian data show that there is no evidence to support the view that finance follows where enterprise goes. Furthermore, financial developments have a small but significant permanent growth effect in India.
2008-05-14
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/8763/1/MPRA_paper_8763.pdf
Rao, B. Bhaskara and Tamazian, Artur (2008): A model of growth and finance: FIML estimates for India.
en
oai:mpra.ub.uni-muenchen.de:8944
2019-09-28T02:02:40Z
7374617475733D707562
7375626A656374733D45:4530
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F33:4F3330
7375626A656374733D41:4132:413230
7375626A656374733D43:4330:433032
7375626A656374733D44:4438:443830
7375626A656374733D41:4131:413130
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/8944/
Short and long Term behavior of Knowledge
Khumalo, Bhekuzulu
E0 - General
O11 - Macroeconomic Analyses of Economic Development
O30 - General
A20 - General
C02 - Mathematical Methods
D80 - General
A10 - General
This paper explores the behaviour of knowledge in the short and long term. Knowledge behaves very different in the short term than in the long term. Once we can measure knowledge it is then possible to look at its behaviour, an impossibility if there where no theory formulated to measure knowledge. Once we can measure, humans can attempt to put knowledge in formulae that make sense. This paper is a follow up to the previous papers, written by the same author. These papers being “The Fundamental theory of Knowledge”, “Point X and the Economics of Knowledge”, and “Measuring a societies Knowledge Base”. The paper is a consistent follow up from the basic theories of knowledge that where developed in those papers, keeping knowledge simply in the scientific realm, as any science should attempt, if economics is a science then its aim is truly to measure economic phenomenon, otherwise economics remains in the realm of art and philosophy where anything goes. Measuring means we can manage. Knowing the long and short term behaviour of knowledge means that societies will be better placed to manage knowledge. The short term though is much easier to manage than the long term, but then again this is a known fact take care of the pennies and the pounds will look after themselves, meaning take care of the small things and the big things will be easier to look after. This paper allows us to understand knowledge in a deeper way than before.
2008-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/8944/1/MPRA_paper_8944.pdf
Khumalo, Bhekuzulu (2008): Short and long Term behavior of Knowledge. Published in:
en
oai:mpra.ub.uni-muenchen.de:9497
2019-09-28T18:12:40Z
7374617475733D707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D46:4633:463334
7375626A656374733D4F:4F35:4F3534
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/9497/
Evidencia empirica sobre deuda externa, inversion, y crecimiento en Mexico, 1980-2003
Flores Prieto, Pedro
Fullerton, Thomas M., Jr.
Andrade Olivas, Cesar
O11 - Macroeconomic Analyses of Economic Development
F34 - International Lending and Debt Problems
O54 - Latin America ; Caribbean
Under some conditions, it is possible that foreign debt can cause fixed investment in a country to decline. Under those circumstances, economic growth will turn negative. This theoretical possibility is known as the debt overhang hypothesis. This study investigates the debt overhang hypothesis for Mexico between 1980 and 2003. Parameter estimation results offer partial empirical evidence in favor of this hypothesis. Simulation results exhibit a high degree of correlation with actual sample data.
2007-04
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/9497/1/MPRA_paper_9497.pdf
Flores Prieto, Pedro and Fullerton, Thomas M., Jr. and Andrade Olivas, Cesar (2007): Evidencia empirica sobre deuda externa, inversion, y crecimiento en Mexico, 1980-2003. Published in: Analisis Economico , Vol. 22, No. 50 (April 2007): pp. 149-171.
es
oai:mpra.ub.uni-muenchen.de:9622
2019-09-28T04:45:16Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F32:4F3234
7375626A656374733D46:4631:463134
7375626A656374733D46:4634:463433
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/9622/
Aggregate Imports and Expenditure Components in Turkey: Theoretical and Empirical Assessment
Guncavdi, Oner
Ulengin, Burc
O11 - Macroeconomic Analyses of Economic Development
O24 - Trade Policy ; Factor Movement Policy ; Foreign Exchange Policy
F14 - Empirical Studies of Trade
F43 - Economic Growth of Open Economies
After the economic turmoil in 2001, the Turkish economy quickly recovered, and exhibited distinguished economic performance in successive years without any interruption. This success can be considered as a product of favourable international economic conditions, sound macroeconomic reforms, the beginning of the accession talks with the EU and political stability with a single party government. All these favourable conditions have allowed the Turkish economy to not have experienced any financial restraints in financing this distinguished economic performance. While increased expenditure, particularly in consumption and investment, together with high foreign demand for Turkish production, appear to have played an important role in these growth rates, the economy has begun to experience a large surge in imports and current account deficits in response to an increase in domestic expenditure. The purpose of this paper is to examine the role of macroeconomic components of aggregate expenditure in determining import demand in Turkey. Along with the empirical assessment, the paper also suggests a theoretical model of import demand, which is built upon a utility maximization of a country subject to budget constraints. The empirical model derived as a dynamic form of linear expenditure system was estimated with quarterly data from the Turkish economy for the period of 1987-2006. The results show that consumption and expenditure are two important demand components in determining imports in the long run whereas only the growth rates of consumption and investment are dominant factors in the short run. Public expenditure appeared to have no significant impact on import demand in Turkey.
2008-02-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/9622/1/MPRA_paper_9622.pdf
Guncavdi, Oner and Ulengin, Burc (2008): Aggregate Imports and Expenditure Components in Turkey: Theoretical and Empirical Assessment.
en
oai:mpra.ub.uni-muenchen.de:9631
2019-09-27T05:30:43Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F32:4F3234
7375626A656374733D46:4631:463134
7375626A656374733D46:4634:463433
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/9631/
Tradable and Nontradable Expenditure and Aggregate Demand for Import in an Emerging Market Economy
Guncavdi, Oner
Ulengin, Burc
O11 - Macroeconomic Analyses of Economic Development
O24 - Trade Policy ; Factor Movement Policy ; Foreign Exchange Policy
F14 - Empirical Studies of Trade
F43 - Economic Growth of Open Economies
The Turkish economy has recently showed a remarkable performance in economic growth. This performance is particularly meaningful because it has occurred just after the worst economic crisis of the economy. Among other factors, the availability of high liquidity in international markets has played an important role in the easy access to foreign savings, and also increased domestic expenditure in the Turkish economy. This paper examines the importance of international liquidity usage in financing domestic aggregate expenditure. In this regard, we divide this expenditure into nontradable and tradable expenditure in terms of their income generation capability in different currencies. Nontradable expenditure generates income in local currency whereas tradable expenditure has the capability to generate income in foreign currency through trade. This division of the domestic expenditure components is particularly important if domestic expenditure is increasingly financed from capital inflow and if the nontradable component in domestic expenditure rises. Since nontradable expenditure creates income in local currency, and as its importance in Turkey has recently become high, the dependency of the economy on foreign exchange earning has also increased. This is shown by estimating the import demand function which includes the effects of disaggregated domestic expenditure. Empirically we found that nontradable expenditure is as crucial as tradable expenditure in generating import demand in the short run. This empirical finding makes us particularly sceptical regarding the positive effects of capital inflows which are closely related to the use of these inflows in tradable economic activities.
2008-06-23
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/9631/1/MPRA_paper_9631.pdf
Guncavdi, Oner and Ulengin, Burc (2008): Tradable and Nontradable Expenditure and Aggregate Demand for Import in an Emerging Market Economy.
en
oai:mpra.ub.uni-muenchen.de:9672
2013-02-11T14:28:38Z
oai:mpra.ub.uni-muenchen.de:9676
2019-09-27T17:31:03Z
oai:mpra.ub.uni-muenchen.de:9689
2019-09-28T00:59:04Z
7374617475733D707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F32:4F3235
7375626A656374733D4F:4F31:4F3139
7375626A656374733D4F:4F31:4F3134
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/9689/
South Asia: A development strategy for the information age
Hamid, Naved
O11 - Macroeconomic Analyses of Economic Development
O25 - Industrial Policy
O19 - International Linkages to Development ; Role of International Organizations
O14 - Industrialization ; Manufacturing and Service Industries ; Choice of Technology
Over the last 50 years, Asia has been the most successful region in the world in terms of rapid economic development. The success of Asia is largely because of the adoption of the (Manufactured) Export-Oriented Growth Strategy or (M)EOGS by one group of countries after another. (M)EOGS, modeled on Japan’s postwar strategy, was successfully followed by the four “Asian tigers” (Hong Kong, China; Singapore; Republic of Korea; and Taipei, China). It was subsequently, adopted by a number of Southeast Asian countries (Indonesia, Malaysia, and Thailand), followed by the People’s Republic of China (PRC) and, more recently, by Viet Nam. The question is: Will this process continue to extend to other countries in Asia, with South Asian countries ultimately becoming the manufacturing export power houses of the future? The answer to the first part of the question is probably yes, and to the second part, probably no—and therefore the need for an alternate strategy. This paper looks at some features of (M)EOGS in East/Southeast Asia, its limitations in the case of South Asia, and then present an alternative development strategy which may be more appropriate for South Asia.
2006-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/9689/1/MPRA_paper_9689.pdf
Hamid, Naved (2006): South Asia: A development strategy for the information age. Published in: ADB Report on the South Asia Department Economists’ Annual Conference 2006 (December 2007): 07-16.
en
oai:mpra.ub.uni-muenchen.de:9724
2019-09-26T08:42:08Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D43:4332:433232
7375626A656374733D4F:4F31:4F3139
7375626A656374733D43:4330:433031
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/9724/
Estimates of the Steady State Growth Rates for Selected Asian Countries with an Extended Solow Model
Rao, B. Bhaskara
O11 - Macroeconomic Analyses of Economic Development
C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes
O19 - International Linkages to Development ; Role of International Organizations
C01 - Econometrics
This paper develops an extended version of the Solow (1956) growth model in which total factor productivity is assumed a function of two important externalities viz., learning by doing and openness to trade. Using this framework we show that these externalities have played an important role to improve the long run growth rats of
six Asian countries viz., Singapore, Malaysia, Thailand, Hong Kong, Korea and the Philippines. A few broad policies to improve their long run growth rates are suggested.
2008-07-25
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/9724/1/MPRA_paper_9724.pdf
Rao, B. Bhaskara (2008): Estimates of the Steady State Growth Rates for Selected Asian Countries with an Extended Solow Model.
en
oai:mpra.ub.uni-muenchen.de:10012
2019-09-30T16:45:20Z
7374617475733D707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D50:5033:503330
7375626A656374733D46:4633:463332
7375626A656374733D4F:4F35:4F3532
7375626A656374733D43:4336:433637
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/10012/
Costing-out the Big Bang: Impact of external shocks on the Armenian economy at the outset of transition
Avanesyan, Vahram
Freinkman, Lev
O11 - Macroeconomic Analyses of Economic Development
P30 - General
F32 - Current Account Adjustment ; Short-Term Capital Movements
O52 - Europe
C67 - Input-Output Models
This paper explores factors of economic decline in the small republican economies of the former USSR. It develops quantitative estimates of the costs of major transitional shocks for Armenia during the early transition, including the direct impact of terms of trade shock (price shock), direct impact of external demand shock (market loss), direct impact of fiscal shock (loss of transfers), as well as secondary effects of all the above shocks, defined as a further decline in macroeconomic aggregates due to a weakening of the overall domestic demand. These estimates
are obtained within a single framework, built on a detailed input-output model for Armenia, and using the actual 1987 data. Our estimates suggest that the cumulative impact of the external shocks of the early 90-s amounted to the equivalent of 85 percent of the pre-transition GDP, and both price and demand shocks were highly significant. At the same time, the fiscal shock was much less important in
Armenia due to its lower dependence on transfers from the union budget. The actual economic decline in Armenia in the first part of the 90-s was less severe than the model’s projections. We attribute this difference to a positive impact of market reforms on economic incentives.
2002-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/10012/1/MPRA_paper_10012.pdf
Avanesyan, Vahram and Freinkman, Lev (2002): Costing-out the Big Bang: Impact of external shocks on the Armenian economy at the outset of transition. Published in: Armenian Journal of Public Policy , Vol. 1, No. 1 (September 2003): pp. 1-34.
en
oai:mpra.ub.uni-muenchen.de:10184
2019-09-29T15:32:18Z
7374617475733D756E707562
7375626A656374733D49:4933:493330
7375626A656374733D44:4438:443832
7375626A656374733D4F:4F32:4F3231
7375626A656374733D4F:4F31:4F3131
7375626A656374733D49:4931:493138
7375626A656374733D4F:4F31:4F3136
7375626A656374733D44:4435:443532
7375626A656374733D44:4436:443630
7375626A656374733D4A:4A38:4A3833
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/10184/
The theoretical aspect of Muhammad Yunus’s dream-'putting poverty in museums'
Zaman, Md Monowaruz
I30 - General
D82 - Asymmetric and Private Information ; Mechanism Design
O21 - Planning Models ; Planning Policy
O11 - Macroeconomic Analyses of Economic Development
I18 - Government Policy ; Regulation ; Public Health
O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance
D52 - Incomplete Markets
D60 - General
J83 - Workers' Rights
Poverty is an irrevocable curse of our existing institutional structure and a grey area of existing economic theories. The micro-credit can support a mere semi-subsistence economic structure since its targets are those poor people who are dependent on borrowings for their subsistence. The concept of social business described by professor Yunus is insufficient to put “poverty in museums” because the social businesses can not provide the incentives required for the entrepreneurs to stretch their business for the poor people beyond their existing business pace. This article describes an Unbiased Pareto Improvement (UPI) model to steadily integrate the poor people with mainstream economic activities. Eventually the economy will be benefited in terms of new values, welfare and employment opportunities.
2007-01-02
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/10184/1/MPRA_paper_10184.pdf
Zaman, Md Monowaruz (2007): The theoretical aspect of Muhammad Yunus’s dream-'putting poverty in museums'.
en
oai:mpra.ub.uni-muenchen.de:10226
2019-10-04T13:23:38Z
7374617475733D756E707562
7375626A656374733D49:4933:493330
7375626A656374733D44:4438:443832
7375626A656374733D4F:4F32:4F3231
7375626A656374733D4F:4F31:4F3131
7375626A656374733D49:4931:493138
7375626A656374733D4F:4F31:4F3136
7375626A656374733D44:4435:443532
7375626A656374733D44:4436:443630
7375626A656374733D4A:4A38:4A3833
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/10226/
The theoretical aspect of Muhammad Yunus’s dream-'putting poverty in museums'
Zaman, Md Monowaruz
I30 - General
D82 - Asymmetric and Private Information ; Mechanism Design
O21 - Planning Models ; Planning Policy
O11 - Macroeconomic Analyses of Economic Development
I18 - Government Policy ; Regulation ; Public Health
O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance
D52 - Incomplete Markets
D60 - General
J83 - Workers' Rights
Poverty is an irrevocable curse of our existing institutional structure and a grey area of existing economic theories. The micro-credit can support a mere semi-subsistence economic structure since its targets are those poor people who are dependent on borrowings for their subsistence. The concept of social business described by professor Yunus is insufficient to put “poverty in museums” because the social businesses can not provide the incentives required for the entrepreneurs to stretch their business for the poor people beyond their existing business pace. This article describes an Unbiased Pareto Improvement (UPI) model to steadily integrate the poor people with mainstream economic activities. Eventually the economy will be benefited in terms of new values, welfare and employment opportunities.
2007-01-02
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/10226/1/MPRA_paper_10226.pdf
Zaman, Md Monowaruz (2007): The theoretical aspect of Muhammad Yunus’s dream-'putting poverty in museums'.
en
oai:mpra.ub.uni-muenchen.de:10393
2019-09-26T09:00:40Z
7374617475733D707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D41:4132:413232
7375626A656374733D4A:4A34:4A3431
7375626A656374733D49:4932:493238
7375626A656374733D49:4932:493232
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/10393/
LABOUR MARKET NEEDS AND DEVELOPMENT OF TECHNICAL ANDVOCATIONAL EDUCATION IN ERITREA
Rena, Ravinder
Kahsu, Biniam
O11 - Macroeconomic Analyses of Economic Development
A22 - Undergraduate
J41 - Labor Contracts
I28 - Government Policy
I22 - Educational Finance ; Financial Aid
The imported models of technical and vocational education, which were developed in a context of economic growth, proved incapable of supplying skilled labour that met the highly varied requirements of Eritrean production systems. The TVET policies followed by the independent Eritrea are aimed at providing the managers and skilled labour, which Eritrea need to support the growth of the modern economy. The government of Eritrea has realized the shortcomings of education and decided to make Rapid transformation of the Education System and thus issued a concept paper in 2003 as part of its educational reforms in the country. TVET system in Eritrea is however facing some challenges to prepare a sufficient number of people with the right skills to meet labour market demands. In this context, an attempt is made in this paper to bring out the development trends in Eritrean TVET and the reconstruction of TVET system.
2005-02
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/10393/1/MPRA_paper_10393.pdf
Rena, Ravinder and Kahsu, Biniam (2005): LABOUR MARKET NEEDS AND DEVELOPMENT OF TECHNICAL ANDVOCATIONAL EDUCATION IN ERITREA. Published in: Manpower Journal , Vol. 41, No. 4 (December 2006): pp. 137-154.
en
oai:mpra.ub.uni-muenchen.de:10441
2019-09-29T09:25:55Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F34:4F3437
7375626A656374733D4A:4A32:4A3231
7375626A656374733D43:4334:433430
7375626A656374733D43:4332:433232
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/10441/
An Analysis of Employment and Growth in Java after the Economic Crisis 1997/1998: Examining the Role of Farm Activities in West Java
Hirawan, Fajar Bambang
O11 - Macroeconomic Analyses of Economic Development
O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence
J21 - Labor Force and Employment, Size, and Structure
C40 - General
C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes
In this paper, we examine the relationship between employment and economic growth in the most populated island in Indonesia, Java, specifically in West Java. When Indonesia suffered a dreadful economic crisis during 1997/1998, none of the regions or sectors survived its impact, especially farm and non-farm activities. The economy started to improve in the year 2000, but non-economic fundamental factors significantly impacted the economy at that time. The results of this paper indicate that employment has a relationship to economic growth. In West Java farm activities, which are agriculture, livestock, forestry, and fisheries (ALFF), have a negative correlation with economic growth. On the other hand, non-farm activities have a positive correlation with economic growth. The value of the coefficient of variation (CV) surprisingly signifies that employment and GDP relating to farm activities in West Java are more stable than non-farm activities after the economic crisis of 1997/1998.
2008-07-09
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/10441/1/MPRA_paper_10441.pdf
Hirawan, Fajar Bambang (2008): An Analysis of Employment and Growth in Java after the Economic Crisis 1997/1998: Examining the Role of Farm Activities in West Java.
en
oai:mpra.ub.uni-muenchen.de:10655
2019-09-26T21:44:02Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F31:4F3130
7375626A656374733D4F:4F35:4F3537
7375626A656374733D4F:4F31:4F3134
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/10655/
Structural Transformation in Developed and Developing Countries
Bah, El-hadj M.
O11 - Macroeconomic Analyses of Economic Development
O10 - General
O57 - Comparative Studies of Countries
O14 - Industrialization ; Manufacturing and Service Industries ; Choice of Technology
Dierences in key features of the development process across rich and poor
countries can provide clues to the sources of the large variation of cross-
country income. Kuznets included structural transformation as one of six stylized facts of economic development, nding that developed countries all followed the same process. In this paper, I compare structural transformation processes in developed and developing countries. I nd that developing
countries follow distinct structural transformation paths that deviate from that followed by developed countries. A puzzling nding is the presence of substantial sectoral changes during times of economic stagnation or decline.
2007-11
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/10655/1/MPRA_paper_10655.pdf
Bah, El-hadj M. (2007): Structural Transformation in Developed and Developing Countries.
en
oai:mpra.ub.uni-muenchen.de:10951
2019-09-28T01:18:25Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/10951/
Growth literature and policies for the developing countries
Rao, B. Bhaskara
Cooray, Arusha
O11 - Macroeconomic Analyses of Economic Development
This paper examines a recent view of Pritchett (2006) that there is a wide gap between growth literature and the policy needs of the developing countries. Growth literature has focussed on the long term growth outcomes but policy makers of the developing countries need rapid improvements in the growth rate in the short to medium terms. We take the view that this gap can be reduced if attention is given to the dynamic effects of policies. With data on Singapore, Malaysia and Thailand we argue that an extended version of the Solow (1956) model is well suited for this purpose. We found that the short to medium term growth effects of investment rate are much higher than its long run effects. Dynamic simulations for Singapore showed that these short run growth effects are significantly higher than the steady state growth rate for up to 10 years.
2008-10-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/10951/1/MPRA_paper_10951.pdf
Rao, B. Bhaskara and Cooray, Arusha (2008): Growth literature and policies for the developing countries.
en
oai:mpra.ub.uni-muenchen.de:10973
2019-09-28T12:21:39Z
7374617475733D756E707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F34:4F3431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/10973/
Inverse Ramsey Problem of the Resource Misallocation Effect on Aggregate Productivity
Aoki, Shuhei
O11 - Macroeconomic Analyses of Economic Development
O41 - One, Two, and Multisector Growth Models
This paper examines the extent to and the conditions under which resource misallocation negatively affects aggregate
productivity in a model of heterogeneous firms to the highest degree. I analytically derive the minimum aggregate
total factor productivity (TFP) under resource misallocation, when frictions are modeled as the taxes levied on a firm's output, and the range of these taxes is provided. I find that the lower limit of the minimum aggregate TFP is the TFP under perfect substitute goods and constant returns to scale technology. Further, with the exception of particular parameter values in which the misallocation effect on aggregate TFP is small, the minimum aggregate TFP is achieved when the proportion of firms in the lowest tax level is small or when the TFP level of these firms is low.
2008-03-26
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/10973/2/MPRA_paper_10973.pdf
Aoki, Shuhei (2008): Inverse Ramsey Problem of the Resource Misallocation Effect on Aggregate Productivity.
en
oai:mpra.ub.uni-muenchen.de:10996
2019-09-26T20:13:20Z
7374617475733D707562
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F33:4F3338
7375626A656374733D48:4831
7375626A656374733D4F:4F33:4F3331
7375626A656374733D4F:4F31:4F3134
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/10996/
Political decentralization and technological innovation: testing the innovative advantages of decentralized states
Taylor, Mark Zachary
O11 - Macroeconomic Analyses of Economic Development
O38 - Government Policy
H1 - Structure and Scope of Government
O31 - Innovation and Invention: Processes and Incentives
O14 - Industrialization ; Manufacturing and Service Industries ; Choice of Technology
Although never rigorously tested, it has become a sort of accepted wisdom amongst social scientists that government decentralization offers key advantages for innovators. Decentralized governments are widely seen as agile, competitive, and well structured to adapt to innovation’s gale of creative destruction. Meanwhile, centralized states, even when democratic, have come to be viewed as rigid and thus hostile to the risks, costs, and change associated with new technology; or are subject to capture by status-quo interest groups which use their influence to promote policies which ultimately restrict technological change. Therefore decentralized government is often perceived as a necessary institutional foundation for encouraging long-run technological innovation. In the following article, this wisdom is tested using data on international patent activity, scientific publications, and high-technology exports. The results suggest that the supposed technological advantages of decentralized states are a fiction, and that international pressures may be more important.
2007
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/10996/1/MPRA_paper_10996.pdf
Taylor, Mark Zachary (2007): Political decentralization and technological innovation: testing the innovative advantages of decentralized states. Published in: Review of Policy Research , Vol. 3, No. 24 (2007): pp. 231-257.
en
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