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The Dynamics of Total Factor Productivity and Institutions 全要素生产率动态与制度
Journal of economic development Pub Date : 2016-12-01 DOI: 10.35866/CAUJED.2016.41.4.001
Edinaldo Tebaldi
{"title":"The Dynamics of Total Factor Productivity and Institutions","authors":"Edinaldo Tebaldi","doi":"10.35866/CAUJED.2016.41.4.001","DOIUrl":"https://doi.org/10.35866/CAUJED.2016.41.4.001","url":null,"abstract":"This article examines the dynamics of Total factor Productivity (TFP). It uses Phillips and Suli¯s (2007) method to test for cross-country TFP convergence and the Arellano and Bover (1995) and Blundell and Bond (1998) system GMM estimator to examine the factors driving TFP growth. Data from 1960 to 2011 for 63 countries are utilized in the analysis. The convergence test provides strong evidence against global TFP convergence, but indicates the existence of TFP clubs. The empirical work also shows that initial conditions play a fundamental role on the dynamics of TFP: economies that started with lower TFP remained below initially better-positioned economies. This study finds evidence that institutional quality and openness are very important determinants of TFP growth. While better institutions promote technological progress and efficiency, globalization works as an important channel for knowledge and technological diffusion among nations, which fosters TFP growth.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"41 1","pages":"1-25"},"PeriodicalIF":0.0,"publicationDate":"2016-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70075572","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}
引用次数: 22
Time-Varying Coefficient Taylor Rule and Chinese Monetary Policy: Evidence from the Time-Varying Cointegration 时变系数泰勒规则与中国货币政策:来自时变协整的证据
Journal of economic development Pub Date : 2016-12-01 DOI: 10.35866/caujed.2016.41.4.002
Yu Ma
{"title":"Time-Varying Coefficient Taylor Rule and Chinese Monetary Policy: Evidence from the Time-Varying Cointegration","authors":"Yu Ma","doi":"10.35866/caujed.2016.41.4.002","DOIUrl":"https://doi.org/10.35866/caujed.2016.41.4.002","url":null,"abstract":"No consensus has been reached about whether the Taylor rule performs well in China. Most studies have either ignored the nonstationarity of the variables in the Taylor rule model or assumed a constant cointegrating vector. China is a transition economy, undergoing gradual reform. Consequently, the fixed coefficient cointegration approach is unable to capture the long-run relationship among interest rate, inflation gap, and output gap. Therefore, this paper develops a time-varying coefficient Taylor rule and estimates it using a smooth time-varying cointegrating approach. The results show a time-varying long-run relationship among the variables in the Taylor rule. The coefficient on the inflation gap is significantly less than 1, indicating that the nominal interest ratei¯s response to inflation is inadequate. Moreover, the coefficient on the output gap is significantly greater than 0, implying that the response of the nominal interest rate to the output gap is sensitive. The Peoplei¯s Bank of China should adjust the short-term interest rate should be more flexible especially to changes in inflation.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"41 1","pages":"27-44"},"PeriodicalIF":0.0,"publicationDate":"2016-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70075667","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}
引用次数: 2
Causes and Child Health Consequences of Maternal Fertility Choices in Cameroon 喀麦隆产妇生育选择的原因和对儿童健康的影响
Journal of economic development Pub Date : 2016-12-01 DOI: 10.35866/CAUJED.2016.41.4.004
Francis Menjo Baye and Dinven Djibril Sitan
{"title":"Causes and Child Health Consequences of Maternal Fertility Choices in Cameroon","authors":"Francis Menjo Baye and Dinven Djibril Sitan","doi":"10.35866/CAUJED.2016.41.4.004","DOIUrl":"https://doi.org/10.35866/CAUJED.2016.41.4.004","url":null,"abstract":"This paper examined correlates of fertility choices and the effect of fertility choices on child health status, while controlling for other correlates. Use is made of the 2004 Cameroon Demographic and Health Survey (DHS) and the control function econometric approach to address these issues. Results showed that women with twins have higher fertility and fertility choices are strongly negatively correlated with child health. There is an indirect effect of fertility on child health captured by the interaction of fertility with its predicted residual. Motheri¯s education at both household and community levels was found to be inversely related with maternal fertility but consistent with the production of better child health. Policy implications suggested that expanding public support for social services reaching poor households, would accordingly reduce expected fertility rates and bring about better child health.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"41 1","pages":"79-100"},"PeriodicalIF":0.0,"publicationDate":"2016-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70076418","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}
引用次数: 5
Renewable Energy CSOPs: An updated Analysis for Wind Power Applications 可再生能源csop:风能应用的最新分析
Journal of economic development Pub Date : 2016-12-01 DOI: 10.35866/CAUJED.2016.41.4.005
Carsten Croonenbroeck
{"title":"Renewable Energy CSOPs: An updated Analysis for Wind Power Applications","authors":"Carsten Croonenbroeck","doi":"10.35866/CAUJED.2016.41.4.005","DOIUrl":"https://doi.org/10.35866/CAUJED.2016.41.4.005","url":null,"abstract":"In this paper we show an up-to-date analysis of the economic feasibility of Energy CSOPs (Consumer Stock Ownership Plan). CSOPs are instruments for low-threshold community investment projects and have shown to be competitive tools for distributed investments. Applied to the renewable energy sector (in this instance, wind power), CSOPs can help fostering the decentralized power production landscape as well as busting possibly present prevalent monopolies. We analyze the financial and economic feasibility of a set of model projects and discuss the most important investment parameters.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"41 1","pages":"101-113"},"PeriodicalIF":0.0,"publicationDate":"2016-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70076471","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}
引用次数: 1
'Davids' Are Not Small 'Goliaths': R&d and Technology Licensing in Brazilian Production “大卫”不是小的“巨人”:巴西生产中的研发和技术许可
Journal of economic development Pub Date : 2016-09-01 DOI: 10.35866/CAUJED.2016.41.3.003
Danieal K.N.Johnson
{"title":"'Davids' Are Not Small 'Goliaths': R&d and Technology Licensing in Brazilian Production","authors":"Danieal K.N.Johnson","doi":"10.35866/CAUJED.2016.41.3.003","DOIUrl":"https://doi.org/10.35866/CAUJED.2016.41.3.003","url":null,"abstract":"Small firms are qualitatively different than large firms with respect to technology acquisition. As such, liberalization of technology flows in newly industrialized nations may have two potential effects, possibly felt differentially by small firms and large firms. First, technology flows may replace domestic research with cheaper imported foreign research. Second, they may combine with domestic research to improve local economic growth. This paper uses a unique firm-level dataset, modelling the choice between R&D expenditures and technology licensing behaviour in Brazil, explicitly considering corner solutions. Extending the results found elsewhere in the literature, econometric estimation of simultaneous input demand for capital, labor and both types of technology acquisition reveals that while very small firms see technology licensing and R&D as contemporaneous substitutes, firms of moderate to large size treat them as complements. Each firmi¯s licensing experience also plays a key role in the decision.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"41 1","pages":"31-53"},"PeriodicalIF":0.0,"publicationDate":"2016-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70075879","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}
引用次数: 0
THE DIFFERENT IMPACTS OF DIFFERENT TYPES OF NATURAL RESOURCES ON POLITICAL INSTITUTIONS IN DEVELOPING COUNTRIES 不同类型的自然资源对发展中国家政治体制的不同影响
Journal of economic development Pub Date : 2016-09-01 DOI: 10.35866/CAUJED.2016.41.3.001
M. Goujon, Aristide Mabali
{"title":"THE DIFFERENT IMPACTS OF DIFFERENT TYPES OF NATURAL RESOURCES ON POLITICAL INSTITUTIONS IN DEVELOPING COUNTRIES","authors":"M. Goujon, Aristide Mabali","doi":"10.35866/CAUJED.2016.41.3.001","DOIUrl":"https://doi.org/10.35866/CAUJED.2016.41.3.001","url":null,"abstract":"Rents generated by natural resources are usually thought to weaken the quality of institutions, particularly in developing countries. Our hypothesis is that this effect may differ depending on the types of natural resources characterized by their different degree of appropriability. We test this hypothesis using panel data covering 90 developing countries for the period 1970-2010. We find that total rents weaken the quality of institutions. However, while oil rents have a significant negative effect, forest and mineral rents do not, after controlling for the other relevant determinants of institutional quality, institutional persistence, neighbor effect, and endogeneity of rents.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"41 1","pages":"1-20"},"PeriodicalIF":0.0,"publicationDate":"2016-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70075808","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}
引用次数: 0
TARIFF REDUCTIONS, TERMS OF TRADE AND PRODUCT VARIETY 关税减免、贸易条件和产品种类
Journal of economic development Pub Date : 2016-09-01 DOI: 10.35866/caujed.2016.41.3.005
Anwesha Aditya And Rajat Acharyya
{"title":"TARIFF REDUCTIONS, TERMS OF TRADE AND PRODUCT VARIETY","authors":"Anwesha Aditya And Rajat Acharyya","doi":"10.35866/caujed.2016.41.3.005","DOIUrl":"https://doi.org/10.35866/caujed.2016.41.3.005","url":null,"abstract":"In a two-country synthesis model we examine implications of a tariff reduction on the gains at extensive margin and the diversification of export basket through development of new varieties of a horizontally differentiated good. Through its resource allocation effect, the tariff reduction raises the number of varieties produced and exported by the Home country if the differentiated good is relatively labour intensive. Though, the worsening of terms of trade (TOT) consequent upon the tariff reduction has a dampening effect, overall, the number of varieties increases. The number of varieties produced and exported by the Foreign country, on the other hand, falls which makes the overall variety gains or gains at the extensive margin due to tariff reduction ambiguous.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"41 1","pages":"75-103"},"PeriodicalIF":0.0,"publicationDate":"2016-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70075554","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}
引用次数: 0
Testing the Predictability of Consumption Growth: Evidence from China 检验消费增长的可预测性:来自中国的证据
Journal of economic development Pub Date : 2016-09-01 DOI: 10.35866/caujed.2016.41.3.002
Liping Gao, Hyeongwoo Kim
{"title":"Testing the Predictability of Consumption Growth: Evidence from China","authors":"Liping Gao, Hyeongwoo Kim","doi":"10.35866/caujed.2016.41.3.002","DOIUrl":"https://doi.org/10.35866/caujed.2016.41.3.002","url":null,"abstract":"Chow (1985, 2010, 2011) reports indirect evidence for the permanent income hypothesis using time series observations in China. We revisit this issue by addressing direct evidence of the predictability of consumption growth in China during the post-economic reform regime (1978-2009) as well as the postwar US data for comparison. Our in-sample analysis provides strong evidence against the PIH for both countries. Out-of-sample forecast exercises show that consumption changes are highly predictable.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"41 1","pages":"21-30"},"PeriodicalIF":0.0,"publicationDate":"2016-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70075826","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}
引用次数: 0
ROAD ACCESSIBILITY AND WEALTH IN RURAL BHUTAN: A DIFFERENCE IN DIFFERENCE APPROACH 不丹农村道路可达性与财富:差异中的差异
Journal of economic development Pub Date : 2016-09-01 DOI: 10.35866/CAUJED.2016.41.3.004
J. Nidup
{"title":"ROAD ACCESSIBILITY AND WEALTH IN RURAL BHUTAN: A DIFFERENCE IN DIFFERENCE APPROACH","authors":"J. Nidup","doi":"10.35866/CAUJED.2016.41.3.004","DOIUrl":"https://doi.org/10.35866/CAUJED.2016.41.3.004","url":null,"abstract":"Small firms are qualitatively different than large firms with respect to technology acquisition. As such, liberalization of technology flows in newly industrialized nations may have two potential effects, possibly felt differentially by small firms and large firms. First, technology flows may replace domestic research with cheaper imported foreign research. Second, they may combine with domestic research to improve local economic growth. This paper uses a unique firm-level dataset, modelling the choice between R&D expenditures and technology licensing behaviour in Brazil, explicitly considering corner solutions. Extending the results found elsewhere in the literature, econometric estimation of simultaneous input demand for capital, labor and both types of technology acquisition reveals that while very small firms see technology licensing and R&D as contemporaneous substitutes, firms of moderate to large size treat them as complements. Each firmi¯s licensing experience also plays a key role in the decision.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"41 1","pages":"55-73"},"PeriodicalIF":0.0,"publicationDate":"2016-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70075992","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}
引用次数: 3
Awareness and implementation of total quality management: the case of enterprises in Danang City 全面质量管理的认识与实施——以岘港市企业为例
Journal of economic development Pub Date : 2016-07-01 DOI: 10.24311/JED/2016.23.3.06
N. Thuy
{"title":"Awareness and implementation of total quality management: the case of enterprises in Danang City","authors":"N. Thuy","doi":"10.24311/JED/2016.23.3.06","DOIUrl":"https://doi.org/10.24311/JED/2016.23.3.06","url":null,"abstract":"June 2","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"23 1","pages":"57-72"},"PeriodicalIF":0.0,"publicationDate":"2016-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68914119","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}
引用次数: 4
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