Economics Commons^™

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 …

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 …

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 …

Dual Economy, Gary S. Fields

Gary S Fields

[Excerpt] Dual economy models arose as a reaction against single sector models. A half-century ago, theoretical modeling of economic growth was dominated by single sector models such as that of Nobel Prize winner Robert Solow. Other analysts, though, felt that economies would better be characterized as having multiple sectors, which they stylized into dual economy models. Foremost among the early dual economy modelers were two other Nobel Prize winners, W. Arthur Lewis and Simon Kuznets. The dual economy models posited a relatively advanced sector and a relatively backward sector. These have alternatively been called capitalist and subsistence, formal and informal, …

Fiscal Decentralization And Economic Growth Reconsidered, John Thornton

John Thornton

Recent studies examining the relation between fiscal decentralization and economic growth have failed to take account of the extent of the independent taxing powers available to sub-national governments and thus have substantially overstated the degree of effective decentralization. Results from a cross section study of 19 OECD member countries suggest that when the measure of fiscal decentralization is limited to the revenues over which sub-national governments have full autonomy, its impact on economic growth is not statistically significant.

The Capital Idea And The Scope Of Economics, Peter Lewin

Peter Lewin

This paper traces the idea of Capital from Adam Smith to modern times and shows how different conceptions of Capital give rise to different approaches to economics and the range of problems that can be investigated. A structural, as opposed to a stock, approach to Capital is shown to be more conducive to a studies of business institutions and practices, and to rules, institutions and standards in a changing world.

The Market Failure Approach To Regional Economic Development Policy, Timothy Bartik

Timothy J. Bartik

No abstract provided.

Growing State Economies: How Taxes And Public Services Affect Private-Sector Performance, Timothy Bartik

Timothy J. Bartik

No abstract provided.

Overurbanization And Its Relation To Economic Growth For Less Developed Countries, Philip E. Graves, Robert L. Sexton

Robert L Sexton

This paper does not have an abstract but examines the role of urbanization and over-urbanization in economic growth and decline in the developing world.

Overurbanization And Its Relation To Economic Growth For Less Developed Countries, Philip E. Graves, Robert L. Sexton

Robert L Sexton

This paper does not have an abstract but examines the role of urbanization and over-urbanization in economic growth and decline in the developing world.