Este artÃculo plantea un contraste entre la productividad total de los factores (PTF) para China y Estados Unidos. Se comparan los cálculos de la PTF entre el residuo de Solow tradicional y la ...propuesta poskeynesiana desarrollada a partir de la diferencia entre la tasa de crecimiento observada y la ecuación de Harrod. El cálculo de la productividad y su contribución al crecimiento económico para China entre 1952 y 2014 es de -8,7% según la base de datos de la Penn Word table 9.0, dato poco realista; mientras que desde el punto de vista poskeynesiano, su contribución al crecimiento es del orden del 5,4 % dándole gran importancia al a participación del capital y el trabajo. El mismo ejercicio se realiza para Estados Unidos y se encuentran datos más razonables de su contribución al crecimiento a partir de la propuesta poskeynesiana.
Abstract
How do leaders influence national-level economic outcomes? We address this question by considering how leadership turnover influences volatility in economic growth. In doing so, we theorize ...that leaders from mixed regimes will reduce economic volatility due to domestic political incentives to create stable economic outcomes. Furthermore, we decompose the influence of leaders in non-democratic regimes and argue that leaders in party-based authoritarian regimes will also reduce economic volatility. To test our hypotheses, we focus on the effect of leadership turnover due to natural leader death to control for issues of endogeneity. We find that leaders in mixed regimes reduce volatility more than leaders in autocratic and democratic regimes and that leaders in party-based authoritarian regimes reduce volatility more than those in military or monarchy-based regimes. We conclude by explaining the implications of our findings for the study of leaders in international politics and their impact on economic growth and development.
Balanced growth despite Uzawa Grossman, Gene M; Helpman, Elhanan; Oberfield, Ezra ...
The American economic review,
04/2017, Letnik:
107, Številka:
4
Journal Article
Recenzirano
Odprti dostop
The evidence for the United States points to balanced growth despite falling investment-good prices and a less-than-unitary elasticity of substitution between capital and labor. This is inconsistent ...with the Uzawa Growth Theorem. We extend Uzawïs theorem to show that the introduction of human capital accumulation in the standard way does not resolve the puzzle. However, balanced growth is possible if education is endogenous and capital is more complementary with schooling than with raw labor. We present a class of aggregate production functions for which a neoclassical growth model with capital-augmenting technological progress and endogenous schooling converges to a balanced growth path.
The primary goal of this study is to inspect the Government Expenditure consequence on the Pakistan’s economy growth. For this intention study used data of annual time series from 1980 to 2020. The ...research-work utilized ADF Unit-Root Test that verify stationary data. And applied (OLS) technique to estimation the connection among the GDP and Govt Expenditure, Inflation, and GDP per capita. The estimation of the OLS method shows there is a positive and significant impact of Govt expenditure and GDP per capita on GDP. While; Inflation has a significantly negative influence on GDP of the country. This study propose that Fiscal Policy Expansionary can be utilized by the Govt to motivate the economic situation during the time of downturn.
Cadasters are public records of land ownership that facilitate clear assignment of property rights and land demarcation, thereby reducing transaction costs for economic agents and strengthening the ...state's capacity to tax. Macro-level research on the evolution of formal land registration has largely been lacking. Using a novel dataset on the emergence and development of state-administered cadasters in 159 countries over the last millennium, we analyze empirically the association between the development of cadastral institutions and long-run economic growth. Our findings suggest a substantive positive effect of the introduction of cadasters on modern per capita income levels.
This paper selected panel data of Beijing-Tianjin-Hebei and other eastern regions except Beijing- Tianjin-Hebei from 1999 to 2018. The economic convergence model, double difference method and twoway ...fixed effect model are used to study the influence of Beijing-Tianjin-Hebei coordinated development strategy on regional economic convergence. It is found that (1) the Beijing-Tianjin-Hebei coordinated development strategy has a negative effect on the economic growth of Beijing-Tianjin-Hebei as a whole, Tianjin city and Hebei province, the positive effect on Beijing is gradually significant, and the intra-regional economy shows a fluctuating dispersion trend; (2) the economic gap between Tianjin and Hebei Province and the rest of the east, as well as between the rest of the east and Beijing, has narrowed. The economy of the eastern region as a whole shows convergence, but the speed of convergence is relatively slow; (3) the Beijing-Tianjin-Hebei coordinated development strategy strengthens the role of human capital in driving regional economic growth, while the effect on the economic growth of other factors is insignificant or negative. Therefore, the policy dividend needs to be further stimulated.
Desde principios de la década de 2000, los Estados del Caribe han experimentado varios desafíos frente al crecimiento económico y el desarrollo como la pérdida del acceso preferencia! al mercado y la ...reducción de la ayuda estadounidense. Como resultado, han intentado reposicionarse en la cambiante esfera de las relaciones internacionales reorientando sus estrategias de política exterior. Este artículo argumenta que los Estados del Caribe han puesto más énfasis en diversificar sus relaciones con potencias no occidentales, como Japón, como una estrategia de ajuste económico. En particular, el artículo examina cómo los Estados caribeños han seguido políticas exteriores "poco ortodoxas" debido a su limitada base de recursos y, como resultado, han estado usando creativamente sus recursos basados en valores, tales como votos y participación de calidad en foros internacionales, a cambio de ayuda económica de Japón. En el contexto de los pequeños Estados en el sistema internacional, el artículo argumenta que habiendo reconocido sus vulnerabilidades debido a su pequeño tamaño, los Estados caribeños han demostrado resiliencia e ingenio en la elaboración de estas estrategias, mientras buscan reposicionarse.
The study investigates the relationship between outward foreign direct investment (OFDI) and economic growth of India using time series data covering the period of 1990–2019. It develops three ...models, including variables such as OFDI, economic growth, inward foreign direct investment, exports, and gross fixed capital formation. It applies non-linear ARDL approach and uses GDP per capita as proxy of economic growth. Broadly, it finds a positive long-run and short-run bi-variate relationship between OFDI and economic growth of India. But with the introduction of domestic fixed capital formation variable, the relationship turns negative. The study recommends the policymakers to focus on country’s gross fixed capital formation and invite investments from abroad, rather than directing funds to foreign countries.
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