Growth and Development Commons^™

How Does Income Inequality Affect The Growth Of U.S. Counties?, Jeremy Roth

Economics Honors Projects

This paper aims to conduct a precise test of the political economy hypothesis linking income inequality and economic growth. By choosing covariates from a detailed county-level dataset and assuming that U.S. counties experience perfect capital mobility, I shut off the four possible channels linking inequality and growth other than political economy. This is a first in an empirical literature that has reported conflicting findings with observations of states and countries. I also present thematic maps to illustrate the cross-county variation in key growth determinants that is masked by state-level studies. My econometric tests find a negative association between the initial …

The Ohio Energy Industry: Analysis Of The Ohio Energy Business Inventory Survey, Merissa C. Piazza

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Recovery, Leadership Efforts, And The Casino Industry In The Mississippi Gulf Coast Region After Hurricane Katrina, Ethan Jon Joella

Dissertations

The purpose of this study is to examine the following three interlocking areas of theory: a) casinos as economic engines; b) tourism recovery following a disaster or negative event; and, c) economic/social characteristics that facilitate recovery after disasters generally. This study examines the necessary ingredients for a speedy disaster recovery (typified in the casino industry on the Mississippi Gulf Coast).

This study employs a qualitative interview design with elite interviewing to test the theory and provide evidence and context to it. With interview questions informed by Rubin’s three elements that influence the recovery process within a community (Rubin as cited …

Comments On “Population Aging And Economic Growth In Asia” By David Bloom, David Canning And Joycelyn Finlay, Roberto S. Mariano

Research Collection School Of Economics

No abstract provided.

A Shifting Paradigm And Growth Strategies Reappraisal In Post-Crisis Asia, Winston T.H. Koh

Research Collection School Of Economics

The Financial Crisis of 2007 has had far-ranging implications for the global economy. Questions were raised if export-led growth model in Asia has hit the limits. Income growth must be inclusive and sustainable, and to be achieved alongside other goals. Asian economies need to rebalance growth toward greater reliance on domestic and regional demand with a greater emphasis on social and environmental sustainability.

Northeast Ohio Economic Brief, Afia Yamoah

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Testing Conflicting Political Economy Theories: Full-Fledged Versus Partial-Scope Regional Trade Agreements, Xuepeng Liu

Faculty Articles

We apply a duration analysis to test the conflicting predictions of the median voter model and the lobbying model using panel data on regional trade agreement (RTA) formation. Our results show that the pro-labor prediction of the median voter model is supported by the full-fledged free trade areas and customs unions (FTAs/CUs), while the pro-capital prediction of the lobbying model is supported by the partial-scope preferential trade arrangements among developing countries. This finding holds better for the country pairs with more different capital-labor ratios as a result of the stronger distributional effects of RTAs. The support for the median voter …

Health And Growth: Causality Through Education, Rui Huang, Lilyan E. Fulginiti, E. Wesley Peterson

Department of Agricultural Economics: Faculty Publications

Purpose--The paper theoretically and empirically investigates the impact on human capital investment decisions and income growth of lowered life expectancy as a result of HIV/AIDS and other diseases. Design/methodology/approach--The theoretical model is a three-period overlapping generations model where individuals go through three stages in their life, namely, young, adult and old. The model extends existing theoretical models by allowing the probability of premature death to differ for individuals at different life stage, and by allowing for stochastic technological advances. The empirical investigation focuses on the effect of HIV/AIDS on life expectancy and on the role of health on educational investments …

A Comparison Of Maine’S Per Capita Spending, 1996-2006 To The Us And Other States, Ryan Boyd

Muskie School Capstones and Dissertations

The Great Recession of 2008-2010 is showing that the states and national government have spent too much. We need the vision of Thomas Friedman to move beyond our spending and planning habits of the past.1

In 2016, expenditures compared to 2006 will look very different, unlike the previous similarities of 1996 to 2006. This retraction, due to the recession and our government’s embracement of concerns about debt from policy wonks such as former US Comptroller David Walker, debt will have a significant affect on many populations of our society. Maine has been noted as being a state that looks after …

Cooperative Strategies On Parallel Tracks: The Nepad And Agoa Initiatives, Guelmbaye Ngarsandje

Graduate Program in International Studies Theses & Dissertations

In July 2001, at the 37th of the former Organization of African Unity, African heads of states launched the New Partnership for Africa's Development (NEPAD), a combination of the Omega Plan from Abdoulaye Wade and The Millennium African Renaissance Partnership initiated by Thabo Mbeki, respectively presidents of Senegal and South Africa. This was an achievement of tasks given by their peers in Algiers in 1999. Previously to that, the Clinton administration initiated the African Growth and Opportunity Act passed in law in 1998. Though the two programs aim at African development, they did not take in account each other.

This …

Pakistan's Growth Experience 1947-2007, Ishrat Hussain

Business Review

Pakistan's growth experience over the past sixty years is both impressive and disappointing. It is impressive because rapid growth rate has resulted in a quadrupling of per capita incomes and reduction in poverty levels by one half despite fairly high population growth. Structural changes have transformed a predominantly agrarian economy to a more diversified production structure. Manufactures account for 80 percent of the country's exports. But there is a sense of disappointment too. Social indicators are among the worst in developing countries. Pakistan ranks 134th among 177 countries in Human Development Index. Income Inequalities, Rural Urban disparities and Gender differentials …

Export West: How Mountain West Metros Can Lead National Export Growth And Boost Competitiveness, Mark Muro, Emilia Instrate, Jonathan Rothwell

Brookings Mountain West Publications

In the beginning of 2010, with U.S. output growth modest and job growth nonexistent, President Obama devoted a portion of his State of the Union Address to “fi xing the problems that are hampering our growth.” One of these problems, according to the president, was a lack of international export sales. The president linked an increase in exports to an increase in jobs, and pledged to double the nation’s exports over the next five years.2 Since then, export growth has emerged as a key tenet of numerous economic visions including those of the Metropolitan Policy Program at the Brookings Institution …

A Clashing Viewpoint Concerning India: A Critique Of Goldman Sachs 2007 Report, Ashok K. Roy, Aniruddha Bagchi

Journal of Global Initiatives: Policy, Pedagogy, Perspective

The centerpiece of the 2007 Report by Goldman Sachs is the prediction of India's phenomenal economic growth and power in the next few decades. In this article we critique the conceptual validity of that prognosis. In particular, we highlight several hard and soft infrastructure impediments to India's emergence as a major economic power.

Globalization And The Unending Frontier: An Overview, Olutayo C. Adesina

Journal of Global Initiatives: Policy, Pedagogy, Perspective

The decisive events and the determining forces unleashed by globalization hold on the one hand, the potential for expanding the scope of political, social and economic processes, and on the other, erode people's connection to the way they live, the people they live with and the places they live in. They also intensify alienation and disengagement. The essays, themes, arguments and macro-level analysis in this volume try to make sense of the dynamics of globalization. They survey the potentials of the phenomenon and forces of globalization, and the capacity of these highly disruptive and contentious change processes to direct, affect …

Thirlwall's Law And Krugman's 45-Degree Rule: Mathematically Identical, Mutually Exclusive, Karl Garbacik

Economics Undergraduate Honors Theses

Thirlwall's Law and the 45-degree rule, originally formulated by Krugman, are radically different interpretations of the same statistical regularity. This statistical regularity is that a country's long-run growth rate will approximate to the ratio of that country's export growth to its import elasticity of demand. Thirlwall's Law falls under a Post-Keynesian framework which is primarily a demand-side model. The 45-degree rule relies on a supply-side interpretation, a result of its neoclassical origins. This thesis seeks to answer two questions. The first is, are the members of the Post-Keynesian and neoclassical communities working on each of these theories aware of the …

Regional Science And Innovation Policies: Five Case Studies, Iryna Lendel, Luz Haack

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Skew Selection Theory Applied To The Wealth And Welfare Of Nations, Susan F. Allen, Deby L. Cassill

The Journal of Sociology & Social Welfare

According to skew selection theory, working citizens who build wealth and, at the same time, share portions of their wealth with those in need are more likely to survive economic downturns than citizens who hoard wealth. In this article, skew selection is employed as a theoreticalframework to support governmental efforts to develop social policies that protect the income of working citizens and, at the same time, provide for vulnerable, non-working children and elders. To illustrate its applicability, the social policies of Japan, Sweden and the United States-all of which are challenged by decaying ratios of working to non-working citizens-are compared …

Positive Economic Freedom: An Enabling Role For International Labor Standards In Developing Countries?, Tonia Warnecke, Alex De Ruyter

Faculty Publications

Approaches to economic development have overemphasized negative economic freedom for multinational corporations at the expense of a majority of the population in developing countries. An inevitable outcome has been the growth of informal sector and “vulnerable” employment in developing countries and entrenchment of existing inequalities. We argue that rather than an emphasis on negative freedom, an emphasis on using labor standards to facilitate positive economic freedom must occur. Labor standards do this not only through the “core” rights of union membership and collective bargaining, but also in addressing substantive (“non-core”) rights at work (wages, working-time, etc.), thereby facilitating positive freedom.

Mountain Monitor-1st Quarter 2010, Mark Muro, Jonathan Rothwell, Kenan Fikri

Mountain Monitor Quarterly

Where are the jobs? That anxious question pervading national discussions of the Great Recession and its aftermath is becoming acute in the Intermountain West. Not only has the region’s usual faster-than-the-nation employment snapback after recessions failed to materialize this time around. What is more, the Mountain region’s halting economic recovery in some ways actually weakened in the first three months of 2010 as reports this new edition of the Mountain Monitor, a quarterly report produced by Brookings Mountain West, a partnership between Brookings and the University of Nevada, Las Vegas (UNLV), and a companion product to Brookings national MetroMonitor. Drawing …

Northeast Ohio High-Tech Economy Report, Iryna Lendel

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.