According to Davies's hypothesis, persistent economic growth and advance lead to the development of psychological expectations that conditions will continue to improve.
He says the divergence is "symptomatic of deep-rooted and persistent uneven economic development, with jobs and growth concentrated in London and the south-east".
Our results indicate that there is a persistent effect on economic development, even after controlling for other important characteristics and conducting extensive robustness checks.
Cameroon's economy continues to depend heavily on the sale of its products on the world market, and fluctuations in the global prices of its primary goods petroleum and cocoa have made its economic situation unpredictable; corruption, a persistent problem, also hampers economic development.
First, structural change is one of the most persistent long-run phenomena of economic development having characteristics that are easily identifiable and stable across countries and time.
Ashraf and Galor (2013) advanced the claim that genetic diversity levels have had a persistent long-term effect on comparative economic development.
As a consequence, persistent efforts by Canadian government departments of economic development to encourage inter-settlement trade in local food items have met only very limited success over many years.
Although, this rise in inequality, to some extent, is natural in the early stages of economic development (Sharma, 2012), it remains a persistent challenge in many economies today.
In domestic matters, Scott advocated increased salaries for public officials, economic development measures, and heavy punishments for persistent criminals.
There is a risk that continuing rapid economic development in China and elsewhere will lead to persistent upward pressure on commodity prices.
Africa stands out among continents for widespread and deeply entrenched poverty, slow economic development, and agricultural systems prone to failure during frequent and persistent droughts [1].
