Growth and Development Commons^™

Education, Technological Progress And Economic Growth, Winston T. H. Koh, Hing-Man Leung

Research Collection School Of Economics

An important role of education – and the resultant accumulation of human capital – for a less-developed economy is to facilitate technology diffusion in order for it to catch up with developed economies. This paper presents a model linking education, the accumulation of physical capital and technological progress. In the model, investment in education and the accumulation of physical capital are complementary, and intertwine with the technology progress through related effects on technology diffusion and the expansion of the technology frontier. The allocation of effort to education, the optimal savings rate and the technology gap are endogenously determined in the …

The Elasticity Of Substitution And Endogenous Growth, Hing-Man Leung

Research Collection School Of Economics

The endogenous growth literature focuses exclusively on Cobb-Douglas. Elasticities other than unity are ignored. A recent paper by Klump and Grandville (2000) examined other elasticities but assumed an exogenous saving rate. By contrast, this paper studies elasticity and endogenous growth. Endogeneity is important since elasticity preserves capital’s productivity and encourages saving. Two models are presented. The first assumes exogenous technological change. We find elasticity to have a positive level effect on income. No rate of growth effect is found. The second model allows learning by doing from capital accumulation. In addition to the level effect, rate of growth effects are …

En Attendant Le Plan Marshall : Consommation Endogène De La Littérature Camerounaise, Pierre Fandio

Présence Francophone: Revue internationale de langue et de littérature

Despite the numerous forms of "aid" it has always received, Africa remains the only continent on the fringe of the tremendous development that the rest of the world has been experiencing in the last two centuries. The sectorial analysis of the literary works in this paper illustrates how the implementation of the various "Marshall Plan" is meant to bring about the development of a whole continent and a country like Cameroon. This could be done by involving actors of the cultural domain in the analysis of data and formulation of solution. Such development could give a boost to profitable endogenous …

Three Essays On Economic Reform: Effects On Human Development, Fertility, And Factor Shares, Khaled Ibrahim Abdel-Kader

Dissertations

This dissertation contains three essays on economic reform programs supported by the IMF and World Bank. Using appropriate theoretical and empirical models, we investigate the impact of reform on three aspects of economic development: (1) human development, (2) fertility, and (3) income shares of factors of production. In the first essay, we examine the long-run impact of reform on different measures o f human development and income. Empirical results show that reform has long-run positive impact on GDP per capita and measures of human development. However, worse initial macroeconomic conditions offset this impact. In the second essay, we examine the …

Cleveland State University: An Economic Impact Study, Ziona Austrian

All Maxine Goodman Levin School of Urban Affairs Publications

The economic value of an urban university to a metropolitan region is comprised of (1) the educational opportunities provided to students who rely on local institutions of higher education, (2) the unique contributions of urban universities to the social and political infrastructure of a region, and (3) the research and service contracts and other funds and philanthropic donations attracted to the campus by faculty and staff. If an urban university such as Cleveland State University (CSU) did not exist in the Cleveland metropolitan region, many, if not all of these economic and social contributions would be lost. In addition, the …

Industrial Activity In Cleveland, Robert Sadowski, Ziona Austrian

All Maxine Goodman Levin School of Urban Affairs Publications

This report has four primary objectives. First, survey industrial activity in the city of Cleveland using employment and payroll data for the period from 1993 to 2000; report on key findings related to industry sectors and industries at the two-digit standard industrial classification (SIC) code level; and compare the city of Cleveland to suburban Cuyahoga County and the remainder of the Cleveland primary metropolitan statistical area (PMSA). Second, identify those industries in Cleveland that reported substantial employment levels, average annual wages, employment growth, and wage growth during the study period (high performing industries). Third, discuss the status of previously identified …

Urban Universities And Real Estate Development, Ziona Austrian, Jill Norton

All Maxine Goodman Levin School of Urban Affairs Publications

This report is intended to enhance the understanding of the role that urban colleges and universities have in local economic development through university real estate investment activities. Colleges and universities across the country are becoming more involved in property acquisition and development; however, there is limited research that explores the decision-making processes that are employed and the implications of these decisions on the larger community.

The East Asian Model Of Economic Development And Developing Countries, Jong H. Park

Faculty Articles

This paper examines the debate on the East Asian model of economic development in light of the different approaches undertaken by different groups of countries (economies) in Northeast Asia and Southeast Asia. The common strengths and weaknesses shared by the East Asian countries (economies) have helped to reinforce the misconception that there is a single East Asian model of economic development. There are, however, significant differences in economic structures as well as development experiences among the East Asian economies, especially between the economic development paradigms of Southeast Asia and Northeast Asia. Nonetheless, one single common thread underlies the differences in …

Venture Capital And Economic Growth: An Industry Overview And Singapore's Experience, Francis Koh, Winston T. H. Koh

Research Collection School Of Economics

This paper provides an overview of the venture capital industry, and its development in Asia and Singapore. Venture capital plays an important role in innovation and economic growth. Indeed, the resurgence of the United States as a technology leader is intimately linked to the success of Silicon Valley. As Singapore enters the next phase of economic development, the creation of internal engines of growth is an urgent task. The Singapore government has done much to provide an environment for entrepreneurship to thrive. Its success at replicating the Silicon Valley culture will be important for Singapore’s future economic success.

Venture Capital And Economic Growth: An Industry Overview And Singapore's Experience, Francis Koh, Winston T. H. Koh

Research Collection Lee Kong Chian School Of Business

This paper provides an overview of the venture capital industry, and its development in Asia and Singapore. Venture capital plays an important role in innovation and economic growth. Indeed, the resurgence of the United States as a technology leader is intimately linked to the success of Silicon Valley. As Singapore enters the next phase of economic development, the creation of internal engines of growth is an urgent task. The Singapore government has done much to provide an environment for entrepreneurship to thrive. Its success at replicating the Silicon Valley culture will be important for Singapore's future economic success.

Bulgaria Poverty Assessment (Report No. 24516-Bul), Dena Ringold, Gero Carletto, Tomoki Fujii, Et Al

Research Collection School Of Economics

No abstract provided.

Industrialisation And Innovation : The Indian Experience By Nasir Tyabji, New Delhi: Sage, 2000., Rishikesha T Krishnan

IIMB Management Review

No abstract provided.

International Competitiveness : Evaluation And Enhancement By Kirankumar Momaya, 2001, Hindustan Publishing Corporation, New Delhi., Badar Alam Iqbal

IIMB Management Review

No abstract provided.

What Works In Economic Development Practice? An Evaluation Of Strategies & Tools, Ziona Austrian, Jill Norton

All Maxine Goodman Levin School of Urban Affairs Publications

What Works in Economic Development reviews evaluation literature relevant to economic development strategies. While economic development programs are difficult to evaluate, the literature reveals important information about the level of success achieved by various programs. It also demonstrates how positive results can be realized. A “what works” matrix follows the review of the evaluation studies. The matrix highlights the significant findings and key lessons that can be learned from this work.

Strategies And Tools In Economic Development Practice, Ziona Austrian, Jill Norton

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

The Implications Of Technology Networks On Diffusion And Economic Growth, Hing-Man Leung

Research Collection School Of Economics

After the record-breaking run of high-speed growth in the United States during the late 1990s, a pressing question is Has anything fundamental changed in our growth engine? This paper examines an IT-led endogenous growth model driven by technology diffusion. Diffusion is in turn driven by network effect embodied in new technologies. The equilibrium long-term growth rate is however found to be independent of such technology networks. A novelty in our model is that innovation is discontinuous and it is separated by periods of diffusion. This (IT) network-diffusion is shown to be Sigmoid, and diffusion speed is slower than socially optimal.

Growth And Volatility, Hing-Man Leung

Research Collection School Of Economics

This paper has two objectives. First, to establish empirically a U-shaped relation between GDP growth rate and income volatility. The backward as well as the fast-growing countries have had extensive volatility; but developed nations by contrast have enjoyed much more stable income. Second, to present a macroeconomic model to study how growth and volatility evolve together. The twin endogenous variables are financial liberalization interacting with liquidity constraints. Opening LDC financial markets could raise or lower their long-term income and growth rates, depending on the severity of existing liquidity constraints. Financial liberalization and removing financial market imperfections unambiguously worsen income volatility.

The Integration Of The Hispanic/Latino Immigrant Workforce State Of Nebraska Mexican American Commission Project Report, Miguel A. Carranza, Lourdes Gouveia

Latino/Latin American Studies Reports

The main purpose of the study was to explore the degree to which Latino newcomers are being effectively and positively integrated into the economic, social, and political lives and institutions of the state and local communities. The project consisted of three phases. The first was based on analysis of Census 2000 figures, government documents, media archives, and published research. The second phase developed a survey questionnaire mailed to a wide array of agencies and organizations directly or indirectly charged with integrating newcomer populations. In the third phase we conducted focus groups with newcomers and key organizations in three Nebraska communities. …

Leadership: The Missing Variable In The Economic Development Of Sub-Saharan Africa, Osei K. Bonsu

Graduate Program in International Studies Theses & Dissertations

Contemporary economic theories, modernization and dependency, have overlooked the fact that the development process depends on the interaction of social factors. Specifically, the theories have ignored the role of leadership in analyzing economic development. This dissertation seeks to incorporate the importance of leadership into the analysis of development. It argues that sub-Saharan African countries have not developed economically because leaders in the region have been less than successful in establishing a culture conducive to industrialization. African leaders have failed to establish the high moral and scientific cultures necessary to promote economic progress. In place of those cultural attributes, the leaders …

Arkansas Research And Technology Park: A Strategic Analysis, Jeffery T. Collins

Publications and Presentations

This study is a detailed strategic plan and economic impact analysis for development of a university related research and technology park to be located in Fayetteville, Arkansas. The Arkansas Research and Technology Park (ARTP) is an essential component of the state’s overall strategy for equipping Arkansans to compete in the new economy.

It is critical to the economic vitality of the state that new and different types of employment be created. The ARTP is an effort to jumpstart formation of the knowledge-based economy in Arkansas by creating the clusters of expertise necessary to achieve critical mass in knowledge-based industry. This …

Less Developed Country Business Cycles, Hing-Man Leung

Research Collection School Of Economics

Less developed countries (LDCs) have experienced considerable business cycles in recent decades. This coincides with significant increases in their external debt to GDP ratios. Recent theoretical credit cycles literature suggests that indebtedness, and the resulting liquidity constraints, could explain LDC business cycles. This paper builds a macroeconomic model to trace the LDC income paths. In this model indebtedness and liquidity constraints reduce aggregate investment. We use the World Data (1995) to calibrate for the convergence parameter. It is found that LDC cycles are convergent and non-oscillatory, and indebtedness delays the return to long-term steady state income.

Networked Growth, Hing-Man Leung

Research Collection School Of Economics

This paper searches for a new growth engine in the new Info-Tech economy. IT-network effects are incorporated into Romer’s (1990) framework. Network effects support long-term steady state growth in per capita variables even without innovation, and growth rate increases with network externalities. Networked growth is sub-optimal, so should we break up an IT monopoly? To answer this we compare monopoly, Cournot and Bertrand set-ups. Cournot always ranks last socially, but Bertrand can be superior to monopoly if network effects are strong. When network interacts with Romer’s endogenous innovation, growth rate increases, probably by up to a percentage point per year.

Endogenous Growth And The Manufacturing Revolution, Hing-Man Leung

Research Collection School Of Economics

Manufacturing is undergoing a revolution. Teamwork, job-rotation, multitasking are superseding the Taylorist mode of organization. The skilled workforce, armed with automated machines, is gradually substituting and replacing the unskilled. At the same time the U.S. economy is experiencing record breaking growth. Is faster growth a consequence of this manufacturing revolution? We study this by inserting dynamic career choice into endogenous growth by human capital accumulation. The answer is affirmative: The gradual substitution of the unskilled by the skilled boosts the long-term growth trend. The model also explains worsening wage inequality between as well as within the skilled groups.

On The Edge Of Scarcity: Environment, Resources, Population, Sustainability, And Conflict, Michael N. Dobkowski, Isidor Wallimann

Program for the Advancement of Research on Conflict and Collaboration

These essays address one of the most pressing and significant issues that humanity has confronted to date - the lack of life-sustaining resources. Michael N. Dobkowski and Isidor Wallimann establish a disturbing but realistic scenario of the disastrous future that awaits humankind as surplus populations collide with dwindling resources. Authors consider a number of cause-and-effect situations on industrialization, biophysical limits, exponential population growth, and genocide, to name a few. This volume is a critical contribution to the field and will serve as an ideal introduction to courses in the environment, population, resources, genocide, and social conflict.

High-Tech Industrial Activity In Greater Cleveland 1992-2000, Robert Sadowski

All Maxine Goodman Levin School of Urban Affairs Publications

This briefing paper provides an analysis of high-tech activity in the Cleveland Primary Metropolitan Statistical Area (PMSA) from 1992 to 2000. It begins by defining the term high-tech industry, using criteria developed by the Bureau of Labor Statistics (BLS). High-tech industries are then analyzed from the viewpoint of employment levels, average earnings, and number of establishments. The City of Cleveland’s share of high-tech activity is discussed along with a comparison of the Cleveland PMSA versus the U.S. The paper concludes with a summary analysis of Cleveland’s position n in the world of high-tech.

High-Tech Industrial Activity In Greater Cleveland 1992-2000: Technology-Oriented Employment Addendum, Robert Sadowski

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Endogenous Growth And Equilibrium Unemployment In A North-South Model Of The World Economy, Hian Teck Hoon

Research Collection School Of Economics

A North-South model is developed which incorporates an endogenous rate of equilibrium unemployment in the North in the context of long-run growth. It is shown how increases in the size of public debt and unemployment compensation financed by payroll taxation, all measured relative to productivity, raise the Northern natural rate of unemployment and, consequently, reduce the global rate of long-run growth. The effect of the shocks is also to drive down the rate of employment expansion in the South. A set of the fundamental determinants of the world terms of trade is obtained, which includes policy parameters.

Priming The Pump: Research As A Catalyst For Economic Growth, Jeffery T. Collins, Craig T. Schulman

Publications and Presentations

This analysis is designed to answer several important questions regarding the impact of research dollars invested in the state of Arkansas. We begin by discussing the state of the state in terms of income measures and measures of educational attainment levels. Throughout this analysis, the state of Arkansas is compared to the U.S., to a group of peer states , and, initially, to the state of Mississippi.

Next, we examine the linkage between income and education. We also examine higher education in the state in terms of spending, access and research dollars. From this general description we examine the present …

Housing First: Documenting The Need For Permanent Supportive Housing (Executive Summary), Susan Hertzler Burkholder, Kathryn W. Hexter

All Maxine Goodman Levin School of Urban Affairs Publications

Five years ago, very few people would have believed that it was possible to end homelessness for the most marginalized Americans. Today, the idea that we can end the cycle of homelessness and institutionalization for vulnerable Americans is so mainstream that the Bush administration declared in its 2003 budget proposal that it considers “ending chronic homelessness in the next decade a top objective.” The key to this turnaround in thinking is supportive housing, an approach that is both smart and compassionate” according to a recent editorial in the New York Times. It is a concept that is proving to be …

Labor And Globalization Conference, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A., PhD. (n.d.). Import share and terms of trade in OECD countries [Graphs].

• Shaikh, A., PhD. (2000, November 22). Estimating import equations [Document].

• Shaikh, A., PhD. (2001, October 12). Thirwall project [Document].

• Conti, A. (2001, October 12). Log of import share and log of relative prices (Pm/Py) [Graphs and handwritten notes].

• Conti, A. (2001, October 12). Testing for structural break via dummies [Graphs and handwritten notes].

• Shaikh, A., PhD. (2001, August). Regression outputs for import functions with dummies for Austria, France, and Japan [Regression outputs].

• Conti, A. (2001, March …