Search

Begin New Search Topic Economics Content Type Working Paper Publishing Institution United Nations University

291. Information Technology and Economic Growth: A Cross-Country Analysis

Author:
Matti Pohjola
Publication Date:
01-2000
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
This paper explores the impacts of information technology investment on economic growth in a cross-section of 39 countries in the period 1980-95 by applying an explicit model of economic growth, the augmented version of the neoclassical (Solow) growth model. The results based on the full sample of 39 countries indicate that physical capital is a key factor in economic growth in both developed and developing countries. Its influence is even bigger than what is implied by the income share of capital in national income accounts. But neither human capital nor information technology seems to have a significant impact on GDP growth. However, investment in information technology has a strong influence on economic growth in the smaller sample of 23 developed (OECD) countries. Its impact is almost as large as that of the rest of the capital stock. But since the share of IT investment in GDP, although growing, is still much lower than the share of non-IT investment, the net social return to IT capital is much larger than the return to non-IT capital: 60-80 per cent versus 4 per cent, respectively. The estimated return is very high; about twice the return to equipment investment and 10-12 times the return to R obtained in similar models as the one applied here.
Topic:
Economics, Emerging Markets, and Science and Technology

292. Natural Resources and Economic Growth: A Nordic Perspective on the Dutch Disease

Author:
Thorvaldur Gylfason
Publication Date:
10-1999
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
The paper begins by offering a quick glance of the Nordic economies and of some aspects of their economic growth performance and natural resource dependence since 1970. Thereafter, it reviews some of the main symptoms of the Dutch disease, and then considers whether these symptoms are observable in some of the Nordic countries in view of their abundant natural resources. The experience of Iceland and its fish seems an obvious point of departure. The paper then discusses the less obvious case of Norway and its oil (and fish!) and, at last, also reviews some possible linkages between forest resources and economic growth in Finland.
Topic:
Economics, Environment, and Government
Political Geography:
Europe, Finland, Norway, and Dutch

293. Development Discontinuities: Leaders and Intermediaries in Producers' Associations

Author:
Tito Bianchi
Publication Date:
10-1999
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
The development literature considers associations an important economic development tool that allows producers to pursue their economic welfare collectively and through participatory means. This paper comparatively analyses the experience of three associations of agricultural producers in the underdeveloped regions of Brazil and Italy that were successful in this economic development task. Their experience, however, challenges a commonly held view about the participatory nature of associations.
Topic:
Development and Economics
Political Geography:
Europe, Brazil, South America, and Latin America

294. Resource-Led Growth — A Long-Term Perspective: The Relevance of the 1870-1914 Experience for Today's Developing Economies

Author:
Ronald Findlay and Mats Lundahl
Publication Date:
07-1999
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
Resource-Led Growth – A Long-Term Perspective surveys the 1870-1914 experience of growth in resource-rich economies: the so-called regions of recent settlement, some tropical countries and some mineral-based export economies. First, three contrasting stylized views of resource-led development are presented. Thereafter the picture of international trade in primary products and the migration of production factors between 1870 and 1914 is sketched. The third section presents some models that may be used to analyse trade and factor movements in the context of resource-rich (staples) economies and provides some details of the experience of fifteen countries: Canada, the United States, Australia and Argentina among the regions of recent settlement, Brazil, Costa Rica, Colombia, Ceylon, Malaya, Burma, Siam and the Gold Coast in the tropical group, and Bolivia, Chile and South Africa among the mineral exporters.
Topic:
Economics, Environment, and International Political Economy
Political Geography:
United States, Canada, South Africa, Burma, Chile, and Bolivia

295. Group Behaviour and Development

Author:
Frances Stewart, Judith Heyer, and Rosemary Thorp
Publication Date:
06-1999
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
A very large amount of activity occurs within groups (that is within families, firms, co-operatives, communities or governments). Yet most economic analysis focuses on market transactions between these agents. The purpose of the study is to analyse within group behaviour. Evidence suggests some groups perform well from the perspective of efficiency, equity and well-being, while others perform poorly. The study aims to identify the main causes for these different outcomes, developing a preliminary analysis of modes of group behaviour, and influences on them.
Topic:
Economics, Education, and Emerging Markets

296. Economic Theories of the Household: A Critical Review

Author:
Päivi Mattila-Wiro
Publication Date:
04-1999
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
The aim of this paper is to review the principal assumptions and aspects of the unitary household model and collective models of household behaviour. Empirical studies are presented to assess whether the theories can offer adequate descriptions of household behaviour and to examine the types of policy implications that can be drawn from these. The paper concludes that the models reviewed lack the analytical tools to provide an understanding of the reality of households. Theories are unrealistic and therefore are of little use in the design of policies or projects which endeavour to help people
Topic:
Economics, Education, and Emerging Markets

297. Inequality in Income and Access to Education: A Cross-Country Analysis

Author:
Daniele Checchi
Publication Date:
04-1999
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
In the current debate on the relationship between inequality in income distribution and growth one of the possible link works through the access to education. After reviewing this debate, a formal model shows how the imperfection of financial markets makes educational choices dependent on the distribution of family incomes. This leads to two testable predictions in the analysis of aggregate data on school enrolments: a negative (linear) relation with the Gini coefficient on incomes distribution; and a positive dependence on public resources invested in education and/or on skill premium in the labour market. These predictions are then tested on a (unbalanced) panel of 102 countries for the period 1960-90. The main findings of this analysis are that, once we control for the degree of development with the (log of) per capita output, financial constraints seem mainly relevant in limiting the access to secondary education. However, when considering gender differences, there is evidence that female participation in education is more strongly conditioned by family wealth, starting from primary education. On the contrary there is no clear evidence of a relevant impact of invested resources, but at the tertiary level.
Topic:
Economics, Education, and Emerging Markets

298. Liberalization, Globalization, and Income Distribution

Author:
Giovanni Andrea Cornia
Publication Date:
03-1999
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
Recent mainstream analyses of changes in income distribution over the post World War II period have concluded that income inequality within countries tends to be stable, that there is no strong association between growth and inequality and that, therefore, poverty is best reduced through growth-oriented, rather than distributive, policies.
Topic:
Economics, Globalization, and International Political Economy

299. Wage Reform, Soft Budget Constraints and Competition

Author:
Jian Sun
Publication Date:
02-1999
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
Since the beginning of the Chinese economic reforms in 1978, there has been a series of effort to reform the labour compensation practice in state-owned enterprises to strengthen the link between pay and productivity. Despite the reforms, however, rapid increases in wage rates occurred in state-owned enterprises. Moreover, although state-owned enterprises have much lower productivity gains than non-state enterprises, they pay substantially higher wages and have faster wage growth.
Topic:
Economics, Globalization, Industrial Policy, and International Political Economy
Political Geography:
China and Asia

300. The Asian Currency Crisis: Origins, Lessons and Future Outlook

Author:
Abdur Chowdhury
Publication Date:
02-1999
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
What started in the summer of 1997 as a regional economic and financial crisis in East and Southeast Asia had developed into a global financial crisis within the span of a year. This crisis followed the crisis in the European Monetary System in 1992–3 and the Mexican peso crisis in 1994–5. However, unlike the previous two crises, the scale and depth of the Asian crisis surprised everyone. One obvious reason for this is East and Southeast Asia's track record of economic success. Since the 1960s, no other group of countries in the world has produced more rapid economic growth or such a dramatic reduction in poverty. Given so many years of sustained economic performance the obvious question is: how could events in Asia unfold as they did?
Topic:
Economics and International Political Economy
Political Geography:
Europe, Asia, and Southeast Asia