This paper performs multiple-break unit root tests on the data of China’s national and sectoral output and labour productivity, with finite-sample critical values bootstrapped through Monte Carlo simulations. We find strong evidence against the unit-root hypothesis in favour of the segmentedtrend-stationarity alternative. Based on breaking trend functions, the steady-state and transitional grow...

This paper examines changes in individual earnings during positive and negative growth periods in three Latin American economies: Argentina, Mexico, and Venezuela. We ask whether those individuals who start in the best economic position are those who experience the largest earnings gains or the smallest earnings losses; this is the “divergent mobility” hypothesis. We also compare periods of pos...

introduction: economic development and public welfare are some of macroeconomic goals for any country. health economy is one of the parameters as criterion for action in evaluation of this important subject. the present study has been intended to investigate into the relationship among factors of health economy including total health expenditures (some percent of gross domestic product gdp), li...

The benefits from the New Economy should accrue as improvements in productivity and economic growth. But while the use of information and communication technology seems to have had a substantial impact on the performance of the United States economy, the evidence for other countries is much weaker. This study does not find any significant correlation between ICT investment and economic growth i...

Even within these regions, however, there is considerable variation across countries, which is sometimes an artifact of very different definitions of ‘rural’ . The one safe generalization is that the non-farm sector is heterogeneous. This component of the rural economy comprises a wide spectrum of activities and institutional forms, and is often linked in complex ways to country-specific agricu...