Social and Behavioral Sciences Commons^™

Smes, Open Innovation And Ip Management: Advancing Global Development, Stanley P. Kowalski

Law Faculty Scholarship

[Excerpt] Micro-Small-Medium Enterprises (abbreviated herein henceforth as “SMEs”) are global drivers of technological innovation and economic development. Perhaps their importance has been somewhat eclipsed by the mega-multinational corporate entities. However, whereas the corporations might be conceptualized as towering sequoia trees, SMEs represent the deep, broad, fertile forest floor that nourishes, sustains and regenerates the global economic ecosystem.

[. . .]

Broadly recognized as engines of economic and global development, SMEs account for a substantial proportion of entrepreneurial activity in both industrialized and developing countries. Indeed, their role as dynamos for technological and economic progress in developing countries is critical and …

Modeling Labor Market Policy In Developing Countries: A Selective Review Of The Literature And Needs For The Future, Gary S. Fields

Gary S Fields

[Excerpt] Sound labor market policy requires sound labor market models. Sound models have three characteristics. First, from a welfare economic point of view, the policy judgments are explicit, mutually consistent, and thoroughly worked out. Second, from a theoretical point of view, the models are sufficiently detailed and suitably rigorous. And third, from an empirical point of view, the models guide and are guided by solid quantitative evidence. This paper reviews models of labor markets in developing countries from both a positive and a normative point of view. The survey is selective in that it exposits only some of the more …

A Public Lecture: Labour Markets And Economic Development, Gary S. Fields

Gary S Fields

[Excerpt] I want to put forward three propositions to you based on decades of work in Asia, Latin America, and Africa. First, economic development can be (but need not be) a win-win-win situation - for businesses, for individuals and groups of individuals, and for governments and non- governmental organisations (NGOs). Second, the labour market can (but need not) serve as an effective mechanism for contributing to economic growth and for transmitting the gains from economic growth. And third, in both of these areas, whether a country experiences the more favorable set of outcomes or the less favorable ones reflects a) …

Dualism In The Labor Market: A Perspective On The Lewis Model After Half A Century, Gary S. Fields

Gary S Fields

This paper asks how the Lewis model might be viewed from the perspective of economic science half a century later. Many of the core propositions remain intact, some might be amplified, and a small number might be revised.

The Microeconomics Of Changing Income Distribution In Malaysia, Gary S. Fields, Sergei Soares

Gary S Fields

[Excerpt] This study uses data from Malaysia's Household Income and Expenditure Surveys to quantify the importance of different factors in accounting for the changes in Malaysia's income distribution between 1984 and 1989 ("Period 1") and between 1989 and 1997 ("Period 2"). These particular years were chosen, because 1997 is the most recent available survey, 1984 is the earliest survey comparable to 1997, and 1989 is important for three reasons: 1. Income inequality fell until 1989 and rose thereafter. 2. Economic growth was slow in 1984-89 and fast in 1989-97. and 3. 1989 is the closest year to the beginning of …

Earning Their Way Out Of Poverty (Outline And Sample Chapter), Gary Fields

Gary S Fields

[Excerpt] According to the latest figures, today an estimated 3.1 billion people still live in absolute poverty, essentially all of them in the low- and middle-income countries of Asia, Latin America, and Africa and none of them in what are traditionally called the “developed economies” of North America (excluding Mexico), Western Europe, and selected parts of Asia and Oceania. This book is about how the poor live and work and what actions the world community could take to improve poor people’s earning opportunities as a central component of a multifaceted program aimed at ending the scourge of absolute economic misery.

A Brief Review Of The Literature On Earnings Mobility In Developing Countries, Gary Fields

Gary S Fields

[Excerpt] The literature on income and earnings mobility falls into three categories:

1. Macro mobility studies address the entire economy. They ask the question, how much income mobility and/or earnings mobility is there in the economy?
2. A second group of studies, micro mobility studies, examines patterns of income and earnings change over time for different individuals or groups. They ask the questions, which individuals or households experience movements of what magnitudes, and what are the correlates and determinants of these movements?
3. Within the micro mobility studies are a number of studies that look specifically at poverty dynamics …

Essays On The Aggregate Burden Of Alcohol Abuse, Resul Cesur

Economics Dissertations

This dissertation attempts to uncover the causal relationship between alcohol abuse and both income growth and crime. These two research questions are investigated in three essays: Essay I investigates the relationship between alcohol abuse and income growth in the United States; Essay II examines the impact of alcohol abuse on income growth at the international level; Essay III investigates the effect of alcohol abuse on crime in the united states. Essay I of this dissertation uses state level data from the United States for the period 1970-1998 to estimate the impact of alcohol abuse on income growth by utilizing per …

Alternative Policies And Sea-Level Rise In The Rice-2009 Model, William D. Nordhaus

Cowles Foundation Discussion Papers

The present study extends earlier research by presenting the results of a new and updated version of the RICE model (Regional Integrated model of Climate and the Economy), labeled the RICE-2009 model. The model is a regionalized, dynamic model that incorporates an end-to-end treatment of economic growth, emissions, climate change, damages, and emissions controls. The model allows projections of what will occur with no policies, with efficient policies be, how nations can undertake policies to limit climate change (in the current runs to 2°C), and the impacts of limited participation. These new estimates indicate that coordinated international policies have a …

Slides: Market-Based Stream Flow Restoration And Mitigation, Amanda Cronin

Western Water Law, Policy and Management: Ripples, Currents, and New Channels for Inquiry (Martz Summer Conference, June 3-5)

Presenter: Amanda Cronin, Washington Water Trust, Seattle, WA

23 slides

Why Economic Performance Has Differed Between Brazil And China? A Comparative Analysis Of Brazilian And Chinese Macroeconomic Policy, Fernando Ferrari-Filho, Anthony Petros Spanakos

Department of Political Science and Law Faculty Scholarship and Creative Works

This paper addresses a specific question: why has China grown so rapidly and Brazil not? To answer this question, it (i) establishes the basis for comparison between China and Brazil by contextualizing these countries within the BRICs concept, and (ii) presents a comparative analysis of Brazilian and Chinese reforms focusing only on the issue of macroeconomic policy, especially the monetary and exchange rate regimes, and its effect on growth.

Crop Bioengineering: Enormous Potential For Catalyzing International Development, Peter Gregory, Stanley P. Kowalski

Law Faculty Scholarship

[Excerpt] Bioengineering provides unique and dramatic opportunities for crop improvement. It can be used to develop crop varieties that would otherwise be unavailable and can facilitate much faster and more precise ways of developing improved varieties. It can help to increase yields and reliability and thus reduce food costs for the consumer while helping to control input costs for farmers through reduced applications of herbicides, pesticides, and fertilizer.

The extent to which this will be achieved depends on how effectively the global scientific community – including both the public and private sectors – can cooperate in harnessing the power of …

A Guide To Multisector Labor Market Models, Gary Fields

Gary S Fields

[Excerpt] This is a paper on labor markets. Why are labor markets important to economic development? Many individuals and institutions, including the World Bank and the regional development banks, seek “a world free of poverty.” Broadly speaking, those who are poor are poor because 1) they earn little from the work they do, 2) the societies in which they live are too poor to provide them with substantial goods and services by virtue of their citizenship or residency, and 3) the poor are not permitted to move to richer countries. Thus, anti-poverty efforts can be focused on 1) helping people …

U.S. Economic Growth In The Gilded Age, Alexander J. Field

Economics

In the immediate postwar period, Moses Abramovitz and Robert Solow both examined data on output and input growth from the first half of the twentieth century and reached similar conclusions. In the twentieth century, in contrast with the nineteenth, a much smaller fraction of real output growth could be swept back to the growth of inputs conventionally measured. The rise of the residual, they suggested, was an important distinguishing feature of twentieth century growth. This paper identifies two difficulties with this claim. First, TFP growth virtually disappeared in the U.S. between 1973 and 1995. Second, TFP growth was in fact …

Life Is Unfair In Latin America, But Does It Matter For Growth?, Luisa Blanco

School of Public Policy Working Papers

I analyze the effect of inequality on economic growth in Latin America, where inequality is measured as the area of family farms as a percentage of the total area of agricultural holdings. Using data from 18 Latin American countries between 1960 and 2004, I find that inequality has a nonlinear effect on economic growth. Overall, for the countries included in this analysis, the share of family farms has a positive significant effect on economic growth. These findings are robust to controlling for several factors, using a different indicator of inequality (land Gini), and addressing for endogeneity.

The Developing World's Bulging (But Vulnerable) Middle Class, Martin Ravallion

Martin Ravallion

The “developing world’s middle class” is defined as those who live above the median poverty line of developing countries but are still poor by US standards; the “Western middle class” are those not poor by US standards. Although barely 80 million people in the developing world entered the Western middle class over 1990-2002, economic growth and global distributional shifts allowed an extra 1.2 billion people to join the developing world’s middle class. Four-fifths came from Asia, and half from China. Most remained fairly close to poverty, with incomes bunched up just above $2 a day. One in six people now …

The Finance–Growth Link In Latin America, Luisa Blanco

School of Public Policy Working Papers

This paper analyzes the relationship between financial development and economic growth in Latin America with a Granger causality test and impulse response functions in a panel vector autoregression model. Using annual observations from a sample of 18 countries from 1962 to 2005, it is shown that while economic growth causes financial development, financial development does not cause economic growth. This finding is robust to different model specifications and different financial indicators. Interestingly, when the sample is divided according to different income levels and institutional quality, there is two way causality between financial development and economic growth only for the middle …

Is Income Inequality Endogenous In Regional Growth?, Yohannes G. Hailu, Mulugeta Kahsai, Tesfa Gebremedhin, Randall Jackson

Regional Research Institute Working Papers

This study focuses on testing the relationship between income inequality and growth within U.S. counties, and the channels through which such effects are observed. Based on a system of equations estimation, the empirical results confirm the hypotheses that income inequality has a growth dampening effect; income inequality is endogenous to regional growth and growth adjustment; and the channels through which income inequality determines growth are regional growth adjustments, such as migration and regional adjustment in job and income growth. Results have numerous policy implications to the extent that: (1) that income inequality is endogenous, its equilibrium level can be internally …

Corruption And Development: The Armenian Case, Phillip J. Bryson, Sevak Tsaturyan

Faculty Publications

To determine the relationship between corruption and economic growth variables, we undertake a general analysis of those relationships for 39 countries over an eleven year period. Since the data on corruption specific to Armenia are insufficient for an econometric analysis, we undertake a case study of that country to illuminate the relationships determined by the empirical analysis. We find corruption to be a hindrance for overall economic performance, since there is a strong negative correlation between corruption indices and real per capita GDP. Regressing real Foreign Direct Investment on corruption, however, we found no strong relationship between the two. Nor …

Multifactor Productivity And Idea Transmission Channels In The Malaysian Economy, Ester Shen Ai Chan

Dissertations and Theses Collection (Open Access)

This paper examines the contribution of multifactor productivity (MFP) growth to output per worker growth in Malaysia from 1961-2000. MFP growth is found to contribute about 74 percent to output per worker growth from 1987-2000, but has only minimal or negative contribution to growth in the earlier years. This paper then attempts to explain why MFP growth has such a large contribution to output per worker growth in the period 1987-2000 by looking at international trade as channel of technology or idea transfer from the G5 countries into Malaysia. MFP grows because ideas from these advanced nations are transferred into …

Entrepreneurship: The Engine Of Growth. Minniti, Maria, Andrew Zacharakis, Stephen Spinelli, And Mark P. Rice. (Eds.). Westport, Ct.: Praeger Publishers, 2007, 768 Pp., Us $300.00, Isbn 0275989860., Leticia Camacho

Faculty Publications

Existing literature demonstrates that there is a close link between entrepreneurship and economic growth, primarily because new businesses contribute to employment creation. According to U.S. Census data, small businesses employ up to 50% of the private work force and generate 60% to 80% of the net new jobs each year. In a time where countries face multiple economic challenges, entrepreneurs could play a significant role in the economic growth of a country, a state, or a city.

The Human Resource Economics Of Vernon Briggs

Vernon M Briggs Jr

This essay examines the conception of human resource economics (HRE) that shaped the career of Vernon M. Briggs Jr. It probes the history of economic thought to describe the intellectual roots of HRE. It explores how HRE emerged to address the issues of economic growth, stabilization, and efficiency, as well as how it contributes to the public discourse on matters of social equity, economic opportunity, and government regulation. It explains the clash between human capital theory and HRE. And it outlines Briggs’s five dimensions of human resource development (HRD), which is his term for HRE that manifests itself in public …