Rapid economic growth is the only sustainable foundation for the elimination of poverty. However, only strategies that include agricultural development can establish strong links between overall growth and reduction in poverty. Most strategies that seek rapid industrialization at the expense of agriculture, even if the intent is to alleviate poverty, actually slow down economic growth and increase levels of poverty. In a country with many impoverished people, policymaker must address both growth and poverty through an.......
ABSTRACT. Scholars have long suspected that political processes such as democracy and corruption are important factors in determining economic growth. Studies show, however, that democracy has only indirect effects on growth, while corruption is generally accepted by scholars as having a direct and negative impact on economic perfor-mance.
Despite a sizeable theoretical and empirical literature, no firm conclusions have been drawn
regarding the impact of political democracy on economic growth. This paper challenges the
consensus of an inconclusive relationship with a meta-analytic review and a quantitative
assessment of the democracy-growth literature.
THE ROLE OF IMPORT SUBSITITUTION AND EXPORT ORIENTATION STRATEGIES ON THAILAND'ECONOMIC GROWTH This result calls the incentive effects of Tiebout choice into question, as it indicates
that administrators of effective schools are no more likely to be rewarded with high demand
for local housing in high-choice than in low-choice markets. To explore this further, I
estimate models for the effect of Tiebout choice on mean scores across metropolitan areas.
Consistent with the earlier results, I find no evidence that high-choice markets produce
higher average SAT scores.
ESSAYS ON EDUCATION INVESTMENT, INCOME INEQUALITY, AND ECONOMIC GROWTH Recall, moreover, that this thought experiment assumes a choice coefficient at the
upper limit of the confidence interval. At the point estimate, choice reduces the gradient of
SAT scores with respect to student quality. The models in Table 1.4 reject a sizableby any
reasonable standardeffect of choice on the test score gradient.
Stock Markets, Banks, and Economic Growth Ross Levine; Sara Zervos The American Economic Review, Vol. 88, No. 3. (Jun., 1998), pp. 537-558.
Stable URL: http://links.jstor.org/sici?sici=0002-8282%28199806%2988%3A3%3C537%3ASMBAEG%3E2.0.CO%3B2-9 The American Economic Review is currently published by American Economic Association.
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EDUCATION AND ECONOMIC GROWTH; A CAUSAL ANALYSIS It similarly seems unlikely that parents have zero concern for peer group. In the
presence of direct or indirect peer effects on student learning, parents would be irrational to
ignore peer group in their evaluations of schools, and anecdotal evidence suggests that they
do not do so.
This thesis examines empirically whether there is a link between education and economic growth in Chile during the period 1973-2005. This is done through the adoption of time-series analysis and co-integration techniques. Based on economic theory and empirical findings, potential implications for Chilean educational policy are then discussed.
The article focuses on the regional economic growth as a result of the direct foreign investment in the region and its spill-over effects on neighboring regions. The unequal distribution of foreign direct investment should in principle tends to enlarge the regional economic differences. The article, however, shows that this is not the result of the investment.
Chapter 7 introduction to economic growth and fluctuations. In this chapter you will learn: The definition and causes of economic growth, the nature and cause of the business cycle, the nature of unemployment and its measurement, the definition of inflation and how it is measured, the redistribution effects of inflation the output effects of inflation.
Chapter 16 - Economic growth and the new economy. In this chapter, the following content will be discussed: About the ingredients of economic growth, about production possibility analysis, about Canada’s economic growth rates, about productivity growth and the new economy.
In this chapter, students will be able to understand: List two ways that economic growth is measured; define "modern economic growth" and explain the institutional structures needed for an economy to experience it; identify the general supply, demand, and efficiency forces that give rise to economic growth; describe "growth accounting" and the specific factors accounting for economic growth in the United States;...
Any change in the growth rate of the economy will have a great influence on the level of economic activity and per capita real GDP in the future. Public policies can be designed that enhance the determinants of economic growth identified in this chapter. By increasing the rate of economic growth, we can improve our own future standard of living.
After reading this chapter, you should be able to: List two ways that economic growth is measured; define "modern economic growth" and explain the institutional structures needed for an economy to experience it; identify the general supply, demand, and efficiency forces that give rise to economic growth; describe "growth accounting" and the specific factors accounting for economic growth in the United States.
The relationship between political democracy and economic growth has been a center of debate in the past fifty years. A corpus of cross-country research has shown that the theoretical divide on the impact of democratic versus authoritarian regimes on growth is matched by ambiguous empirical results, resulting in a consensus of an inconclusive relationship. Through this paper we challenge this consensus.
Levine explains what the financial system does and how it affects, and is affected by, economic growth. Theory suggests that financial instruments, markets, and institutions arise to mitigate the effects of information and transaction costs. A growing literature shows that differences in how well financial systems reduce information and transaction costs influence savings rates, investment decisions, technological innovation, and long-run growth rates. A less developed theoretical literature shows how changes in economic activity can influence financial systems.
This is not to say that economics has a monopoly when it comes to fac-tors that affect science or in providing a lens for examining science. Other
disciplines— and their foci— contribute considerably to the study of science.
Sociology, for example, contributes a great deal to the understanding of how
science is or ga nized and the reward structure of science. It is also not to say
that science is the only factor that contributes to economic growth. Politics
and values, for example, clearly play important roles....
Recently public attention has turned toward the intricate interrelation
between economic growth and global warming. This book focuses on
this nexus but broadens the framework to study this issue. Growth
is seen as global growth, which affects the global environment and
climate change. Global growth, in particular high economic growth
rates, implies a fast depletion of renewable and nonrenewable resources.
Thus the book deals with the impact of economic growth on the envi-
ronment and the effect of the exhaustive use of natural resources as
well as the reverse linkage.
Developing Asia achieved impressive economic growth in
the last decade and had remarkable success in lifting large
numbers of people in the region out of poverty. At the
same time, recent evidence suggests that in many growing
economies of developing Asia, rising income disparities
are widening the gap between the rich and the poor.
It is not always evident why economic growth takes root in one area over another.
Even within a single region, some communities may outpace their neighbors in
securing the economic growth that leads to an enhanced quality of life. Although
some commonalities in these situations may be identifiable, many communities
possess similar assets and implement apparently similar economic development
plans, yet have experiences that are vastly different—perhaps even diametrically