Journal of economic development最新文献

{"title":"DECOMPOSING POVERTY-INEQUALITY LINKAGES OF SOURCES OF DEPRIVATION BY MEN-HEADED AND WOMEN-HEADED HOUSEHOLDS IN CAMEROON","authors":"B. Epo, Francis Menjo Baye","doi":"10.35866/CAUJED.2016.41.1.004","DOIUrl":"https://doi.org/10.35866/CAUJED.2016.41.1.004","url":null,"abstract":"We decompose poverty-inequality linkages of sources of deprivation by men-headed and women-headed households in Cameroon. Results indicate that (a) women-headed and gender-neutral households face more human and household capital deprivation and higher levels of inequality than their men-headed counterparts; and (b) whereas decreasing inequality between the men-headed and women-headed households would reduce the incidence and depth of human capital deprivation, reducing inequality among the men-and women-headed households will reduce the incidence and depth of household capital deprivation. Policies should simultaneously reduce household capital deprivations among men-headed and women-headed and human capital deprivation between these households.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"4 1","pages":"57-79"},"PeriodicalIF":0.0,"publicationDate":"2016-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70075979","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"TRUST, LANDSCAPE, AND ECONOMIC DEVELOPMENT","authors":"S. Khalifa","doi":"10.35866/CAUJED.2016.41.1.002","DOIUrl":"https://doi.org/10.35866/CAUJED.2016.41.1.002","url":null,"abstract":"This paper examines the effect of trust on economic development. The key difficulty in estimating a causal effect of trust on economic development, is that it is endogenous to economic development. Therefore, to identify a causal effect from a cultural variable such as trust to economic development, we have to find some exogenous source of variation in trust. This paper estimates the effect of trust on economic development using new instrumental variables. The instruments used for trust are the mean elevation and the terrain ruggedness. In this context, the paper examines the relationship between trust and the logarithm of real Gross Domestic Product per capita. The paper focuses on trust in people from another nationality, trust in people from another religion, trust in people you know personally, trust in people you meet for the first time, trust in your family, and trust in your neighborhood. The results show that these variables have a statistically significant positive association with economic development. These results are robust after the inclusion of control variables such as the fractionalization indicator, continental dummies, and indicators for the legal origin and the colonial origin. The paper also conducts two stage least squares regressions. The second stage is a regression of the logarithm of real Gross Domestic Product per capita on each of the trust variables. In the first stage, the geographic factors that statistically explain trust, such as elevation and terrain ruggedness, are used as instrumental variables. The results of the empirical estimation show that trust, instrumented by these geographic variables, explain cross country variations in economic development.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"57 1","pages":"19-32"},"PeriodicalIF":0.0,"publicationDate":"2016-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70075921","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Global warming, cyclone damages, and the issue of sustainable tourism in Southeast Asia","authors":"V. Bang, Im Eric Iksoon","doi":"10.24311/JED/2016.23.1.05","DOIUrl":"https://doi.org/10.24311/JED/2016.23.1.05","url":null,"abstract":"Dec. 3","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"33 1","pages":"102-120"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68913987","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Club Convergence across Indian States: An Empirical Analysis","authors":"A. A. Sofi, S. Durai","doi":"10.35866/CAUJED.2015.40.4.005","DOIUrl":"https://doi.org/10.35866/CAUJED.2015.40.4.005","url":null,"abstract":"(ProQuest: ... denotes formulae omitted.)1. INTRODUCTIONCo-existence of extreme economic affluence and significant poverty is main paradox of the modern world. This holds true for both across and within nation. It has given birth to a prominent theme of economic convergence in the existing literature. Convergence is defined as a long run tendency of poor economies to grow faster than the rich counterparts over time to equalize the per capita income (Solow, 1956; Swan, 1956). Not surprising, there emerged various theoretical developments on economic growth and convergence of economies over the years with varied explanations. Such as, Solow (1956) and Swan (1956) provide a fundamental base for convergence hypothesis, albeit indirectly. Mankiw et al. (1992), in their seminal work, offers an empirical validation of Solow's model and extended it by including human capital to investigate the convergence hypothesis. These deployments raises an important question that whether deconomies with lower capital labor ratio grows faster than the economies with higher capital labor ratio. Or in simple way, does there exists convergence across economies? (Barro and Sala-i-Martin, 2004).To answer this essential question there stands a plethora of literature using different version of the same. The issue has been debated in economic growth literature since long time and has been dealt empirically by numerous studies. Barro and Sala-i-Martin (1991), in their notable work tested convergence hypothesis and found evidences of convergence for the states of United States. Similar attempts were made in Barro and Martin (1995), Sala-i-Martin (1996), Martin and Sanz (2003).1 Later on the literature extended in using time series and panel data models (Crown and wheat, 1995; Bernard and Jones, 1996a, b; Carlno and Mills, 1993, 1994; Vohra, 1996) however, they lack unanimity among their findings. This provides an incentive to the researchers to adopt advanced and more appropriate approaches to deal with convergence hypothesis comprehensively for exploring new insights in this field.On the other hand there is a growing literature on examination and identification of the convergence clubs with the help of various methodologies.2 Studies like Quah (1993a, b; 1997), Friedman (1992) detected Galton's fallacy3 in convergence criteria used by earlier studies. Quah in a series of papers proposed an intra-distributional approach 4 to examine the dynamic convergence through twin peaks process. The method uses log differential of the interested variable in a stochastic kernels process to find out the clubs of converging regions in absolute as well as conditional to the other influencing variables. The empirical investigation of this approach by Carlno and Mills (1996) and Bernard and Durlauf (1995, 1996) supports the evidence of convergence hypothesis. There are some studies that made use of different methodology to identify club convergence, such as, regression tree approach (Durlauf an","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"40 1","pages":"107-124"},"PeriodicalIF":0.0,"publicationDate":"2015-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70075847","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Limited Re-Entry and Business Cycles","authors":"P. Macnamara","doi":"10.35866/CAUJED.2015.40.4.001","DOIUrl":"https://doi.org/10.35866/CAUJED.2015.40.4.001","url":null,"abstract":"This paper builds a model of firm dynamics to study the consequences of \"Limited re-entry\" for macroeconomic dynamics. In the literature, exit has typically been modeled as a permanent decision whereby it is not possible for an exiting plant or firm to \"re-enter\" in the future. This paper relaxes this assumption by assuming that the exit decision is not permanent, but that an exiting producer still has a \"limited\" ability to re-enter. The model, reasonably calibrated, indicates that limited re-entry has made business cycles more volatile and persistent, and has contributed to the slow recovery following the 2007-09 recession.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"40 1","pages":"1-40"},"PeriodicalIF":0.0,"publicationDate":"2015-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70075077","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"INTRA-REGIONAL TRADE IN AFRICA AND THE IMPACT OF CHINESE INTERVENTION: A GRAVITY MODEL APPROACH","authors":"P. Khosla","doi":"10.35866/CAUJED.2015.40.4.002","DOIUrl":"https://doi.org/10.35866/CAUJED.2015.40.4.002","url":null,"abstract":"China's trade with Africa has increased significantly in the past two decades. The effects of these growing trade volumes (and financial flows) are quite contested. The purpose of this paper is to study the effects of growing Chinese influence in Africa on the intra-regional trade in the continent. This paper estimates a traditional gravity model using Poisson pseudo-maximum-likelihood estimation method for a panel of 135 countries over the period 1990-2012. The results show that African countries are marginalized from world trade. They trade less, compared to a non-African country with similar characteristics. Even though intra-regional trade in Africa is quite low, this paper finds no evidence that these trade volumes are lower than what would be expected (given the characteristics of these countries). However, the results indicate that trade relations with China have distorted patterns of trade in Africa. The analysis shows that Chinese presence has led African countries to import less from (and export less to) other African countries. The massive influx of cheap Chinese goods into African markets combined with preferential tariff treatment offered by the Chinese government to African exporters may explain these patterns. This study also looks at how the effects of Chinese engagement in Africa have changed over time. The results suggest that over the past decade, the effects of China on intra-regional trade have become less negative. Since the late 1990's, Chinese investment in infrastructure, capacity building combined with high volumes of aid have helped African countries overcome some of the infrastructural bottlenecks and could explain the relatively higher intra-regional trade in the post-2000 period.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"40 1","pages":"41-66"},"PeriodicalIF":0.0,"publicationDate":"2015-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70075147","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"EFFECTS OF PUBLIC CAPITAL ON ECONOMIC GROWTH AND PRODUCTIVITY IN SPAIN DURING THE PERIOD 1980-2007","authors":"Justo de Jorge Moreno, Cesar Camison Zorzona, J. M. Romero, Leopoldo Laborda Castillo","doi":"10.35866/CAUJED.2015.40.4.003","DOIUrl":"https://doi.org/10.35866/CAUJED.2015.40.4.003","url":null,"abstract":"In line with the existing literature, the main aim of this study is to analyse the effects of public capital on growth in the Spanish regions for the period 1980-2007. The methodology used adopts a parametric approach following the recommendations intended to eliminate the effects of demand and estimate only the medium-term impacts, ultimately eliminating any possible inverse causality relationship. The estimates made put the elasticity of the productivity of labour with respect to the delays in investment in infrastructures at 0.183, while elasticity with respect to private investment stands at 0.294. This means it can be concluded that investment in public capital contributes to increasing productivity by approximately 62 per cent in the Spanish regions as a whole. Meanwhile, the analysis of the convergence of the estimated efficiency levels shows that the least efficient regions have benefited from the technology existing in the regions closest to the efficiency frontier. Finally, some reflections are compiled on the role investment in public capital can play in the context of a crisis like the current one, together with other pillars incorporated into the debate, such as fiscal consolidation and structural reforms.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"40 1","pages":"67-89"},"PeriodicalIF":0.0,"publicationDate":"2015-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70075106","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"FISCAL SPENDING AND ECONOMIC GROWTH","authors":"Deockhyun Ryu","doi":"10.35866/CAUJED.2015.40.4.004","DOIUrl":"https://doi.org/10.35866/CAUJED.2015.40.4.004","url":null,"abstract":"This study aims at providing both a theoretical survey and an empirical analysis of the effect of government spending on economic growth. There have been numerous debates regarding how government spending affects economic growth at various levels and via different paths. We can categorize fiscal spending by either function or nature. This study examines the effects of fiscal spending of various functional categories and groups thereof. From the empirical analyses we find evidence that an excessive fiscal spending in infrastructure area may negatively affect future economic growth.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"40 1","pages":"91-105"},"PeriodicalIF":0.0,"publicationDate":"2015-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70075213","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"BUNDLING COMPETITION BETWEEN MULTI-PRODUCT AND SINGLE-PRODUCT FIRMS","authors":"J. Gwon","doi":"10.35866/CAUJED.2015.40.3.002","DOIUrl":"https://doi.org/10.35866/CAUJED.2015.40.3.002","url":null,"abstract":"This paper analyzes a simple model where a multi-product firm competes with single-product firms possibly with bundling strategy. Mixed bundling is theoretically known as an effective business tool even in the symmetric competition as well as for the monopoly. Contrary to the literature, this paper shows that mixed bundling is dominated by component pricing or pure bundling. The result holds regardless of the product complementarity by the multi-product firm. In addition, it is shown that linear component pricing will be utilized for low complementarity while pure bundling strategy will be chosen for high complementarity.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"40 1","pages":"27-54"},"PeriodicalIF":0.0,"publicationDate":"2015-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70075408","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Gender and Technology Use in Developing Countries: Evidence from Firms in Kenya","authors":"Nidhiya Menon","doi":"10.35866/CAUJED.2015.40.3.005","DOIUrl":"https://doi.org/10.35866/CAUJED.2015.40.3.005","url":null,"abstract":"Kenyan firms rely on technology to overcome obstacles associated with excessive regulations, poor infrastructure, and widespread corruption. This study shows that reliance on technologies such as email, website and the internet for communication purposes has significant positive impacts on productivity for firms with female owners. Using a representative sample of industries, the exogenous component of technology use is isolated by using information on the presence of schools from colonial Kenya as well as a geographical indicator measuring rainfall shocks. Results indicate that for firms with female owners, a 10 percent increase in technology use results in a 1.69 percentage point increase in value-added per worker. For male-owned firms, a positive effect is evident but significantly more muted.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"40 1","pages":"105-140"},"PeriodicalIF":0.0,"publicationDate":"2015-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70075028","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}