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Articles 1 - 4 of 4
Full-Text Articles in Social and Behavioral Sciences
Revisiting India's Growth Transitions, Deepankar Basu
Revisiting India's Growth Transitions, Deepankar Basu
PERI Working Papers
This paper reconsiders two questions relating to India’s economic growth: structural breaks in growth and the impact of equipment investment on aggregate economic growth. First, statistical tests of structural change show that economic growth in post-independence India has witnessed four structural breaks: in 1964-65, in 1978-79, in 1990-91, and in 2004-05. However, substantial growth accelerations, i.e. increase of more than 1.0% per annum in the growth rate of per capita real GDP, occurred only at two points: 1978-79 and 2004-05. Second, to analyze the impact of equipment investment on growth, I use an ARDL bounds testing methodology. I find a …
Gender, Distribution, And Balance Of Payments Constrained Growth In Developing Countries, Stephanie Seguino
Gender, Distribution, And Balance Of Payments Constrained Growth In Developing Countries, Stephanie Seguino
PERI Working Papers
An unresolved debate in the development literature concerns the impact of gender inequality on economic growth. Previous studies have found that the effect varies, depending on the measure of inequality (wages or capabilities). This paper expands that discussion by considering both the short- and long-run, evaluating the effects of gender equality in two types of economies—semi-industrialized economies (SIEs) and low-income agricultural economies (LIAEs). Further, it incorporates the effect of gender equity on the balance of payments constraint to growth. These preliminary results suggest that gender equality is more likely to stimulate growth in LIAEs than in SIEs in both the …
External Shocks, Structural Change, And Economic Growth In Mexico, 1979–2006, Robert A. Blecker
External Shocks, Structural Change, And Economic Growth In Mexico, 1979–2006, Robert A. Blecker
PERI Working Papers
This paper estimates the effects of external constraints on growth and investment in the Mexican economy, and how those effects have changed since the economic liberalization of the 1980s and the formation of NAFTA in 1994. Shocks to net financial inflows, world oil prices, the U.S. growth rate, and the real value of the peso explain most of the fluctuations in Mexico’s annual growth since 1979 (with structural breaks in some of these effects due to liberalization or NAFTA). Both Hausman weak exogeneity tests and simultaneous equations estimates generally support the view that growth drives investment but not the other …
Inflation And Economic Growth: A Cross-Country Non-Linear Analysis, Robert Pollin, Andong Zhu
Inflation And Economic Growth: A Cross-Country Non-Linear Analysis, Robert Pollin, Andong Zhu
PERI Working Papers
This paper presents new non-linear regression estimates of the relationship between inflation and economic growth for 80 countries over the period 1961 – 2000. We perform tests using the full sample of countries as well as sub-samples consisting of OECD countries, middle-income countries, and low-income countries. We also consider the full sample of countries within the four separate decades between 1961 – 2000. Considering our full data set we consistently find that higher inflation is associated with moderate gains in GDP growth up to a roughly 15 – 18 percent inflation threshold. However, the findings diverge when we divide our …