Economic Growth

Lessons from South Africa on the management and development of water resources for inclusive and sustainable growth

by Mike Muller

This paper traces the way in which water development has accompanied and supported broader economic and social... more This paper traces the way in which water development has accompanied and supported broader economic and social development and how South Africa has dealt with its water resource constraints, with its growing emphasis on environmental sustainability. It identifies key initiatives that provided the foundation for present developments as well as the political economy of their adoption.

It served as a background paper to the European Report on Development 2011/2012: Confronting scarcity: Managing water, energy and land for inclusive and sustainable growth. The European Report on Development was prepared by the Overseas Development Institute (ODI) in partnership with the Deutsches Institut für Entwicklungspolitik (DIE) and the European Centre for Development Policy Management (ECDPM).

Buckworth, R.C. (1979). "Aspects of the Population Dynamics of Palaemon macrodactylus (Decapoda, Palaemonidae) in Lake Mannering, N.S.W." MSc. Qual. Thesis, Univ. of NSW.” 65 pp.

by Rik Buckworth

The international success of developing country firms: role of government-directed comparative advantage

by Raj Aggarwal

Cape Verde – African Economic Outlook 2008 country note.

by Christian Kingombe

Cape Verde – African Economic Outlook 2009 country note

by Christian Kingombe

THE ROOTS OF SUCCESS: INDUSTRIAL GROWTH IN ITALY RECONSIDERED, 1911–1951

by Emanuele Felice

co-authored with Albert Carreras

This article reconsiders the growth of Italian industry from the First World War to the eve of the economic miracle,... more This article reconsiders the growth of Italian industry from the First World War to the eve of the economic miracle, with the aid of sector-specific new value-added series, at three different price-bases. The new estimates reduce growth during the First World War, making the Italian case com-parable to the other belligerent countries, while improving the performance of the 1920s. The 1929 crisis looks more profound than before, while the recovery after 1933 is now stronger. During the 1920s and the 1930s, a significant shift from traditional to more advanced activities took place: when confronted with the rest of Europe, the interwar period was a relative success, which laid the ground for the following economic boom.

Reflexión sobre los sistemas partidistas, la estabilidad de las políticas y el desarrollo económico

by Javier Mejía Cubillos

Published in Contribuciones a las Ciencias Sociales

Examining Theories of Development & Policy Response Based on Them from an Islamic Perspective

by Salman Ahmed Shaikh

Poverty and inequality around the world has been rising over the last three decades and the attainment of the... more Poverty and inequality around the world has been rising over the last three decades and the attainment of the Millennium Development Goals (MDGs) seems a far fetched goal. In explaining underdevelopment, Classical Economics has offered many theories and models including but not limited to Rostow’s Stages of Growth Theory, Harrod-Domar Model, Solow’s Growth Model, Dependency Theory, Lewis Two Sector Model, Neo-colonial Dependence Model, False-Paradigm Model, and Dualistic-Development Thesis etc. This study analyzes the theories of development proposed in classical literature in the light of Islamic Economics and investigates whether policy response influenced by some of these theories had been effective or not in selected countries and regions. In light of recent developments in growth literature, the last section of the paper also analyzes whether Islamic economics principles have the capacity to ensure that determinants of growth suggested by ‘new growth theory’ will exist in an Islamic economy and together with these, do Islamic economic principles have other distinctive mechanisms and institutions that can help in the development process.   

Cassa per il Mezzogiorno e politiche per lo sviluppo

by AMEDEO LEPORE

De décadas perdidas y estancadas: la economía mexicana, 1982-2012

by Manuel A. Bautista González

Bautista González, Manuel A. (2012) “De décadas perdidas y estancadas: la economía mexicana, 1982-2012”. Entribu 8 (enero): 22-25, disponible en http://www.entribu.com/el_digital.php?Numero=8.

Bautista González, Manuel A. (2012) “De décadas perdidas y estancadas: la economía mexicana, 1982-2012” (Lost and Stagnated Decades: The Mexican Economy, 1982-2012). Entribu 8 (January): 22-25, available at http://www.entribu.com/el_digital.php?Numero=8.

Un artículo corto y con buenas ilustraciones para un público amplio sobre la economía mexicana, desde el fin de la... more Un artículo corto y con buenas ilustraciones para un público amplio sobre la economía mexicana, desde el fin de la administración López Portillo al presente.

A short and neatly illustrated article in Spanish for a broad audience on the Mexican economy, from the end of the López Portillo administration to the present.

Libertad y desempeño económico

by Javier Mejía Cubillos

From a broad philosophical framework, this paper addresses the relation  between freedom and economic... more From a broad philosophical framework, this paper addresses the relation  between freedom and economic performance. It argues  for the thesis that, although a liberal system does not guarantee  absolute harmony, is the only "convenient" and morally valid for a  modern society. The core of this argument is the acceptance of the  permanent  uncertainty about the great results of the world and  the inability of a central entity to control them.

Slow and steady wins the race? An appraisal of ten years of economic transition

by Francesco Pastore

Co-authored with Alina Verashchagina.
Economia Politica, 21(3): 437-458.

Slow and Steady Wins the Race? An Appraisal of Ten Years of Economic Transition Historically unprecedented transition... more Slow and Steady Wins the Race? An Appraisal of Ten Years of Economic Transition Historically unprecedented transition from a central planned to a market economy during the last decade took different forms and produced different outcomes across former socialist countries of Central and Eastern Europe and of the Commonwealth of Independent States. The Optimal Speed of Transition (OST) models elaborated over the 1990s to explain the process of transition provide a fruitful frame of mind. However, they leave unanswered important features of the reform process, such as the persistent output fall of some former Soviet Union countries. In fact, the OST literature adheres to the emphasis of the Washington Consensus on neglecting initial conditions across countries and the role of institutions in the well functioning of market economies.

Determinants and economic consequences of colonization: a global analysis

by Arhan Ertan

DIFFERENTIAL EFFECTS OF TRADE LIBERALIZATION ON ECONOMIC GROWTH: ROLE OF HUMAN CAPITAL ACCUMULATION

by Arhan Ertan

Enerji-Büyüme-Çevre: Türkiye Üçgenin Neresinde?

by Uluslararası İlişkiler

Fatih Karanfil, "Enerji-Büyüme-Çevre: Türkiye Üçgenin Neresinde?", Uluslararası İlişkiler, Cilt 5, Sayı 20 (Kış), 2009

Bu çalışmada ilk olarak Türkiye’deki enerji tüketimi trendleri üzerinde durulduktan sonra uluslararası bir... more Bu çalışmada ilk olarak Türkiye’deki enerji tüketimi trendleri üzerinde durulduktan sonra uluslararası bir karşılaştırma ile enerji ve çevre verimliliği konusunda Türkiye’nin göreli performansı değerlendirilmektedir. Bu amaçla, Gini katsayısı ve Theil endeksi ile dağılım incelemesi yaptıktan sonra 132 ülkenin 1971–2005 döneminde enerji ve çevre verimliliğini detaylı bir şekilde çözümlemek için “enerji-büyüme-çevre” endeksini oluşturduk. Sonuçlar göstermektedir ki: Türkiye’de fosil yakıt kullanımı artmakta ve bu kömür ve petrol yanlı enerji kullanımı karbondioksit salınımını artırmaktadır; enerji kullanımı ve karbondioksit salınımındaki küresel trendler enerji ve çevre verimliliğinde ülkeler arasında bir yakınsama olduğunu ve bu iki degişkenin ortalamalarının sabit kaldığını göstermektedir; Türkiye’de enerji verimliliği çevre verimliliğine kıyasla daha yüksek ve istikrarlıdır.

Even worse than you thought: The impact of government debt on aggregate investment and productivity

by Simone Salotti

Co-authored with Carmine Trecroci (Universita' di Brescia)

Market-led Growth and Well-being–Gujarat, 1980–2005

by Anita Dixit

Financialization and its Consequences: the OECD Experience

by Jacob Assa

Published in the journal Finance Research, Vol. 1, No. 1, January 2012

This paper examines the incidence and consequences
of financialization in the industrialized countries of the... more This paper examines the incidence and consequences
of financialization in the industrialized countries of the
Organization for Economic Cooperation and Development
(OECD). Using the latest panel data from the OECD and the
ILO, the paper first documents the extent of financialization in
OECD countries and then analyzes the relationships between
financialization and three other variables: inequality, growth and
unemployment. There is strong empirical evidence for
considerable financialization across the OECD, with significant
and negative impacts on all three variables.

TI - Inequality and Growth Re-examined

by Jacob Assa

Published in Technology and Investment, Vol.3 No.1, February 2012

This paper examines the relationship between income inequality and subsequent economic growth. It builds on the model... more This paper examines the relationship between income inequality and subsequent economic growth. It builds on the model suggested by Alesina and Rodrik (1994) in which inequality works through greater demands for redistribution to slow down growth, and the idea by Ray (1998) that inequality negatively affects savings, work capacity, economic incentives, and access to and efficiency of credit and financial markets. Using an updated dataset and seven model variants, both OLS and 2SLS regressions find a strong negative effect of income inequality on future growth. The effect is considerably stronger for developing countries, but the existence or absence of democracy has no effect on either the relationship between inequality and growth or on the rate of growth itself. There is also no support for Barro’s (2008) claim that inequality impacts growth positively in developed countries.

There’s No There There: Low Tax Rates and Economic Growth

by Filip Spagnoli

Low tax rates can be seen as a desirable policy goal for a variety of reasons. Your views on justice and desert may... more Low tax rates can be seen as a desirable policy goal for a variety of reasons. Your views on justice and desert may require a system of taxation that allows people to keep as much as possible of what they earn. Or you may have strong opinions on property rights, self-property, self-reliance and the "undeserving poor". In this paper, however, I will examine the merits of another and prima facie more convincing rationale, namely that low levels of taxation - especially low levels of taxation on the income or wealth of the so-called productive segments of society - are beneficial for economic growth. I criticize both the theoretical underpinnings of this view and its factual basis. The paper has three parts: 1) a description of the view; 2) a theoretical criticism; and 3) a criticism based on statistical correlations.

I believe this issue is of the utmost importance given the urgency with which many legislators and economists in various countries advocate tax cuts. This advocacy is regrettable because neither the theoretical nor the empirical grounds for it are sound. It may even be the case that low tax rates have unwanted harmful consequences instead of the assumed beneficial ones.