Human development, in combination with technology, yields economic growth which, in turn, is necessary to generate further advances in human development. This paper focuses on the first channel above and finds the relationship significant. Secondly, the paper tries to investigate what affects technology change, as represented by TFP. We examine the influence of openness, FDI, patents and R&D in...

This paper provides a comprehensive assessment of the relation between inflation and globalization, measured in terms of trade and financial openness. Using a large crosssection of 91 countries covering the period 1985-2004, we establish two main empirical regularities. Both higher trade and financial openness i) reduce central bank’s inflation bias,yielding lower average inflation, and ii) are...

A model of economic growth and environmental quality is presented in this paper, which then focuses on measuring the relationship between economic growth and environmental quality for China's four big economic regions. The inter-regional differences among the four areas are also compared. The research results show that the relationships between the three industrial waste emissions and economic ...

Very few issues are more contentious today than the effects of trade policy on the rate of economic growth and poverty in developing countries. The paper investigates the relationship between trade barriers and growth using a dynamic panel regression model for data on 48 developing countries over 1980-1999. Trade barriers are captured by measures of tariffs, import and export taxes. Particular ...

In this paper I analyse the role of openness and globalisation in Latin America’s economic development. The paper is divided into two distinct parts: I first (Sections 2 to 4) provide an analysis of 60 years of the region’s economic history, that go from the launching of the Alliance for Progress by the Kennedy administration in 1961, to the formulation and implementation of the market oriented...

The regional and provincial divergence in China’s economic growth has attracted extensive and intensive attention, yet the measurement and research on the sources of the divergence is relatively inadequate. Why there is divergence across provinces? What elements have contributed to the divergence and how? Based on growth regression analysis and “counterfactual econometrics”, this paper construc...

The study examines the question of whether economic growth tends to reduce poverty, where poverty is measured by the incomes of the poorest 20% and 40% of a population. Using the most recent data available, the paper shows that an increase in the rate of GDP growth translates into a direct one-for-one increase in the rate of growth of average incomes of the poorest 40%. GDP growth of ten percen...

* I thank Terry McKinley and the UNDP for providing support and Barsha Khattry of the University of Massachusetts for excellent research assistance. Comments from and discussions with participants at the New York conference on Globalization, Uneven Development and Poverty, October 1997, are gratefully acknowledged. I alone am responsible for the views expressed in this study.-2-ABSTRACT The pap...