Short- and medium-term growth perspectives in Germany are bleak. This is putting the public budget under stress. A reform of the debt brake could increase public financial leeway, but would not in itself solve the fundamental economic problems. Even with a higher permissible level of government...

This Kenya Jobs Diagnostic discusses Kenya's demographic transition and its impact on the labor force and economic growth. It highlights the importance of creating a favorable environment for the young labor force to drive innovation and growth. However, if there is a mismatch between labor...

Analysis of the growth patterns in the Global South in the twenty-first century suggests there is room for authoritarian states to search for new growth models. Authoritarian states, such as Turkey and Egypt, benefited from global financial circumstances in the early 2000s and experienced shifts...

The economic rise of China has changed the global economy. The authors explore China's transformation from a low-cost manufacturing hub to an increasingly innovation- and service-driven economy. Major growth drivers for the period 2010-2025 are analysed, including the paradigms of "Made in...

We outline policy recommendations to overcome or mitigate the most important binding constraints that are preventing Loreto, in Peruvian Amazonia, from developing sustainable and inclusive employment and economic growth.We rely on highly granular databases to map the productive ecosystem of...

Neben einem konjunkturellen Einbruch leidet Deutschland vor allem unter strukturellenProblemen, wie Unsicherheiten bei der Energieversorgung, einer zu hohen Steuer- undAbgabenlast, einer ausufernden Bürokratie sowie unter Arbeits- und Fachkräftemangel. Dabeiwird als Folge eine...

Christian Lindner, Bundesminister der Finanzen, stellt den Regierungsentwurf für denBundeshaushalt 2024 und den Finanzplan bis 2027 in den Kontext seiner finanzpolitischenStrategie und leitet den weiteren Handlungsbedarf ab. Um Prioritäten zur Stärkungvon Zukunftsausgaben setzen zu können,...

This paper aims to contribute to the literature on growth regimes by combining an operationalization of growth regimes based on growth contributions and sectoral financial balances with an analysis of dominant social blocs (DSBs). We propose the concept of a growth strategy to bridge the...

Palm Inc was the world''s largest supplier of personal digital assistants (PDA''s). The company was troubled by the declining annual shipments of its products, which many analysts felt were primarily due to their slow technological obsolescence and increasing popularity of converged mobile...

The nature of the COVID-19 recession deviates from the norm. Typically, falling inflation and output necessitate monetary policy easing. Nonetheless, the pandemic recession is a result of endogenous reactions as well as administrative policy measures aimed at limiting social and economic...

Economic disparities among cities and regions persist and in some cases are increasing. To promote development of lagging economies, extant policies focus on the lagging regions and attempt to create conditions that are attractive to the immigration of capital, labor and above all knowledge. We...

Empirical evidence suggests that recessions have long-run effects on the economy's productive capacity. Recent literature embeds endogenous growth mechanisms within business cycle models to account for these "scarring" effects. The optimal conduct of monetary policy in these settings, however,...

In this paper, we aim to contribute to the recently growing body of political economy literature on growth regimes. Theoretically, we apply the demand and growth regime approach developed within post-Keynesian macroeconomics. This is complemented by a critical comparative political economy...

The Government of the Republic of Zambia aims to transform the economy to support economic growth and facilitate job creation. Central to the transformation agenda is a commitment to open trade regime for agricultural exports and imports. Zambia has a long history of import and export...

This paper explores the EU recovery strategy with a specific focus on its potentially transformative aspects vis-à-vis European integration and on its implications for the social dimension of the EU’s socio-economic governance. It aims, in particular, to provide a reflection on whether the...

What is the economic rationale for investing in science? Based on an open economy model of creative destruction, we characterize four key factors of optimal investment in basic research: the stage of economic development, the strength of the manufacturing base, the degree of openness, and the...

In the postwar period until today the call for more intensive economic growth, again and again, enjoyed a substantial popularity in the world of politics, in particular with reference to possible current solutions of given economic problems. Here growth considerations and decisions in the past...

We analyze and compare the pattern of economic growth and development of China and South Korea in the postwar period. Geographical proximity and cultural affinity between the two countries, as well as the key role of the developmental state in the economies of both countries, suggests that an...

"Since the 1990s, the economic development of Central and Eastern Europe has maintained high economic growth rates, seemingly leading to an era of prosperity. This very positive vision of future economic success, linked to current political backlash and a long history of economic adversity, is a...

Egypt is a rapidly growing emerging economy and a demographic heavyweight on the African continent. High population growth, land-use change, pollution and climate change are increasingly putting pressure on the natural environment, including on its rich biodiversity. Egypt has achieved relative...

Although it has a durable institutional shape, the operation of capitalism takes different forms across space and time with varying distributive effects. This article contributes to a growing literature considering the successive forms taken by capitalism in the developed democracies since World...

"In this timely book Gregory Tassey analyzes the assets and government policies that affect and enhance the technology-based economy. Tassey makes the case for a comprehensive technology-based economic growth strategy needed to respond to multi-asset growth strategies being implemented in Europe...

Most explanations of Korea's and Taiwan's economic growth since the early 1960s place heavy emphasis on export orientation. However, it is difficult to see how export orientation could have played a significant causal role in these countries' growth. The measured increase in the relative...

Examination of special cases assists understanding of the mechanics of long-run economic growth more generally. Australia and California are two economies having the rare distinction of achieving 150 years of sustained high and rising living standards for rapidly expanding populations. They are...

This is an attempt to derive broad, strategic lessons from the diverse experience with economic growth in last fifty years. The paper revolves around two key arguments. One is that neoclassical economic analysis is a lot more flexible than its practitioners in the policy domain have generally...

This paper discusses recent economic research that demonstrates that the objectives of price stability and stabilizing economic activity are often likely to be mutually reinforcing. Thus, the answer to the title of this paper--"Does stabilizing inflation contribute to stabilizing economic...

The paper considers the interplay of the design and execution of stabilization policy and structural reform with the role of various agents and pressure groups in a democracy. The context is the political economy of Israel's transition from a successful stabilization to a renewed growth process...

The paper presents empirical findings regarding the economic policy consequences of constitutional arrangements, in three different dimensions. First, the data are consistent with several theoretical predictions about the consequences of electoral rules and forms of government for fiscal policy...

In 2002, the Chinese Communist Party announced a goal of quadrupling per capita income by the year 2020. Starting at income levels of the year 2000, this would require a growth rate of 7.2 percent per annum in per capita income or close to 8.0 percent in GDP. Such unresolved and emerging...