WHY DO MANY ECONOMISTS EXPECT INCOME CONVERGENCE BETWEEN DEVELOPED AND DEVELOPING COUNTRIES ,AND WHAT FACTORS COULD...

WHY DO MANY ECONOMISTS EXPECT INCOME CONVERGENCE BETWEEN DEVELOPED AND DEVELOPING COUNTRIES ,AND WHAT FACTORS COULD BE RESPONSIBLE FOR LIMITED OCCURENCE IN FEW COUNTRIES?

Expert Solution

Rahul Sunny answered 2 years ago

Some economists say the lack of well-developed financial markets explains why the economies of developing countries...

Some economists say the lack of well-developed financial markets explains why the economies of developing countries grow rather slowly. True or false? Explain your response with a suitable framework, with emphasis on allocative efficiency and marginal productivity of capital.

WHAT IS CONVERGENCE BETWEEN COUNTRIES? WHY DOES THE STANDARD SOLOW MODEL IMPLY CONVERGENCE? WHAT DOES IS...

WHAT IS CONVERGENCE BETWEEN COUNTRIES? WHY DOES THE STANDARD SOLOW MODEL IMPLY CONVERGENCE? WHAT DOES IS THE DIFFERENCE BETWEEN CONDITINSL SND INCONDITIONSL CONVERGENCE?

Why do you feel developing countries struggle with environmental pollution worse than developed countries?

What are the key factors that limit the ability of many developing countries to deploy taxation...

What are the key factors that limit the ability of many developing countries to deploy taxation as a tool to reduce inequality and provide social security to the vulnerable groups? Describe any three policy recommendations that you would offer to developing countries in order to enable them to benefit from international trade.

WHAT ARE GOOD ECONOMIC INSTITUTIONS AND WHY DO MANY DEVELOPING COUNTRIES LACK THEM AND WHAT CAN...

WHAT ARE GOOD ECONOMIC INSTITUTIONS AND WHY DO MANY DEVELOPING COUNTRIES LACK THEM AND WHAT CAN BE DONE TO GET THEM?

1. What is an example of an asset that, in developed countries but not in developing...

1. What is an example of an asset that, in developed countries but not in developing countries, also functions as capital? 2. What is an example of a service or opportunity that people in developing countries cannot access because they lack access to capital?

An article entitled “The Income Elasticity of Health Care Spending in Developing and Developed Countries” by...

An article entitled “The Income Elasticity of Health Care Spending in Developing and Developed Countries” by Farag et al, 2012 finds the following results (from Table 2 of the paper on page 153): Explanatory Variables Model 1: OLS (1) Model 2: Fixed Effects GDP per capita Voice and Accountability Government Effectiveness GINI index over the time period Avg life expectancy at birth % births attended by skilled attendant Physicians per 100,000 Primary school net enrollment ratio 1.093*** 0.902*** 0.019*** 0.027***...

Tuberculosis is seen in much higher levels in developing countries versus developed countries. Why and Which...

Tuberculosis is seen in much higher levels in developing countries versus developed countries. Why and Which risk factors have the greatest impact on this phenomena occurring?

Climate Change will have a disproportionate impact on developing countries. Many economists have proposed a tax...

Climate Change will have a disproportionate impact on developing countries. Many economists have proposed a tax on carbon on other greenhouse gases (generally referred to as a “carbon tax”). a) Why do economists favor such a tax? What are the limitations of such a tax? b) Suppose a carbon tax is not politically feasible. Design an alternative policy, or set of policies, to lower greenhouse gas emissions. c) Do you think your proposal is politically and economically feasible?

Climate Change will have a disproportionate impact on developing countries. Many economists have proposed a tax...

Climate Change will have a disproportionate impact on developing countries. Many economists have proposed a tax on carbon on other greenhouse gases (generally referred to as a “carbon tax”). 2500 words max a) Why do economists favor such a tax? What are the limitations of such a tax? b) Suppose a carbon tax is not politically feasible. Design an alternative policy, or set of policies, to lower greenhouse gas emissions. c) Do you think your proposal is politically and economically...

Question

WHY DO MANY ECONOMISTS EXPECT INCOME CONVERGENCE BETWEEN DEVELOPED AND DEVELOPING COUNTRIES ,AND WHAT FACTORS COULD...

Solutions

Expert Solution

Related Solutions

Some economists say the lack of well-developed financial markets explains why the economies of developing countries...

WHAT IS CONVERGENCE BETWEEN COUNTRIES? WHY DOES THE STANDARD SOLOW MODEL IMPLY CONVERGENCE? WHAT DOES IS...

Why do you feel developing countries struggle with environmental pollution worse than developed countries?

What are the key factors that limit the ability of many developing countries to deploy taxation...

WHAT ARE GOOD ECONOMIC INSTITUTIONS AND WHY DO MANY DEVELOPING COUNTRIES LACK THEM AND WHAT CAN...

1. What is an example of an asset that, in developed countries but not in developing...

An article entitled “The Income Elasticity of Health Care Spending in Developing and Developed Countries” by...

Tuberculosis is seen in much higher levels in developing countries versus developed countries. Why and Which...

Climate Change will have a disproportionate impact on developing countries. Many economists have proposed a tax...

Climate Change will have a disproportionate impact on developing countries. Many economists have proposed a tax...