Scenarios and pathways, as defined and used in the "SSP-RCP scenario framework", are key in last decade's climate change research and in the latest report of the Intergovernmental Panel on Climate Change (IPCC). In this framework, Shared Socioeconomic Pathways (SSP) consist of a limited set of...

Wirtschaftliche Kennzahlen wie das Wirtschaftswachstum sind wichtige Indikatoren zur Bewertung politischer Entscheidungsträger. In den USA hatten Präsidenten der demokratischen Partei höhere Wachstumsraten als die der republikanischen Partei. Dieser Artikel untersucht den Zusammenhang...

In jüngster Zeit wird kritisch debattiert, ob bzw. inwiefern eine Kreislaufwirtschaft mit Wirtschaftswachstum vereinbar ist. Hier stehen sich zwei Positionen diametral gegenüber. Auf der einen Seite gibt es Plädoyers für eine Kreislaufwirtschaft, die ganz gezielt auf Wachstum setzen soll...

The process of transition and growth in Central and Eastern Europe (CEE) provides interesting insights, considering the countries' historical relationship with the Soviet Union. The 20 years after the Eastern enlargement of the European Union show an integrative power within the Single Market....

A free competitive market offers wide opportunities for individuals and businesses and is compatible with the framework of classical liberalism. It is also the best environment for boosting productivity and economic growth. * Theere are uncompetitive elements within the UK's private sector which...

Sechs Essays würdigen das wissenschaftliche Wirken von Rainer Klump im Bereich der Entwicklung wirtschaftlichen Denkens und innovativer Technologien sowie des Wirtschaftswachstums.

Die Verbreitung von Künstlicher Intelligenz (KI) schreitet immer schneller voran. Vor allem das Aufkommen generativer KI, die die Fähigkeit hat, menschliches Denken und Handeln zu imitieren, führt zu völlig neuen technischen Anwendungsmöglichkeiten und kann zu weitreichenden Veränderungen...

This paper investigates the impact of regional institutional quality on economic growth and economic resilience. Using data collected by the Quality of Government Institute, we conduct a two-way fixed effect panel regression model for around 200 European regions during the period 2010 to 2021....

Fertility rates have declined dramatically across almost all highincome countries over the past decades. This has raised concerns about future economic prospects. Indeed, fully- and semi-endogenous growth models imply that a shrinking workforce would lead to declining income growth and perhaps...

The COVID-19 pandemic significantly impacted the global economy, with variable effects on economic growth, employment, and inflation rates in different countries and regions. Latin America and the Caribbean (LAC) region experienced the most severe consequences for economic growth and employment,...

This study examines the effect of road infrastructure and regional finance on regional economic growth in the recently designated capital city of Indonesia. The empirical data employed in this study originates from ten regencies/cities in East Kalimantan and has been observed from 2013 to 2022....

This study compares the sustainability of financial innovation, development, and economic growth in India and China, considering macro-economic factors like globalization, inflation, and monetary policies. It addresses the impact of financial development on sustainable economic growth by...

Innovation is a cornerstone of economic growth, global competitiveness, and sustainable development. This study analyzes the determinants of global innovation performance (GIP) across lower-middle, upper-middle, and high-income countries using a dynamic panel-data approach with the two-step...

Sustainable development attempts to support the growth of individuals, communities, and cultures to attain a reasonable and equitable quality of life, healthcare, and education worldwide. Entrepreneurship and digitalization are widely acknowledged to be important in achieving sustainable...

In many Micro, Small, and Medium Enterprises (MSMEs) studies, the focus tends to be on assessing issues related to access to finance as a primary challenge to their development. Nevertheless, studies on non-financial services i.e., Business Development Services (BDSs) that might help to tackle...

In the early 1980s, Turkey took steps towards financial liberalization. Accordingly, policymakers have implemented policies for the development of the financial system. Since then, developments in the banking sector have driven economic growth and met the private sector's demand for funds. The...

This study explores perceptions of public debt management among Debt Management Offices (DMOs) in low- and middle-income countries. Based on a survey conducted in October 2023 covering 27 countries, it examines DMOs' views on the relationship between public debt and economic growth, the...

This study rigorously examines the causality between banking development, economic growth, and income inequality using annual panel data for 13 Central Eastern European transition economies from 2000 to 2020. The Granger non-causality test of heterogeneous panels based on the Toda and Yamamoto...

The changing geopolitical situation in the European region has actualized the issues of further EU enlargement. As a result, the relevance of studying many aspects of the functioning economic systems of candidate countries has increased. In this context, the purpose of this article is to...

This study analyses the relationship between unemployment and economic growth at the international level, addressing the nature and decomposition of the Okun coefficient. Using World Bank data from 173 countries between 1991 and 2019, econometric techniques including decompositions and spatial...

First-class universities play an extremely important role in cultivating high-quality talents and technological innovation, serving as a significant indicator of a country's level of higher education development, developmental strength, and potential. However, there is little literature studying...

Background During the last decades, there has been a great interest on the link between macroeconomic conditions and health. More precisely, many studies had studied as health outcome cardiovascular disease mortality, focusing in different countries, determinants, and using numerous econometric...

History shows militarily dominant states that pursue imperialism, relying on their might to extort resources from weaker states. Occasionally, the latter revolt and the dominant state suffers some casualties. This paper explores imperialism along steady-growth paths. If the dominant state...

Monopsonistic labor markets create misallocation of labor while generating profits. These in turn incentivize firms to innovate, which drives aggregate growth. This paper explores the trade-off between static efficiency and growth by developing a tractable endogenous growth model with...

Viet Nam is widely regarded as a success story for its impressive economic growth and poverty reduction in the last few decades. Yet, recent evidence indicates that the country's economic growth has not been uniform. Compiling and analyzing new, extensive province-level data from the Vietnam...

This paper analyzes the relationship between intergenerational educational mobility and long-term growth across the world using different mobility measures, comparing absolute mobility indicators with relative mobility indicators. The analysis is carried out across a panel of 68 countries over...

Competition is a core element of economic growth, but empirical evidence on how competition affects productivity is often limited. Competition and Productivity Growth in Latin America and the Caribbean presents new empirical research that shows how competition policy in the region has...

This report aims to identify strategic actions to increase investment in NBS for climate resilience in SSA by evaluating over a decade of NBS project investment and assessing a range of policy, financial, institutional, social, and technical barriers to adoption. We examined historical and...

Livestock plays a critical economic and social role both globally and in the Eastern and Southern Africa region. The livestock sector encompasses a variety of species, with cattle being the most prominent in the region. Livestock systems in the region comprise large and small farms. Often, and...

Over the past decades, India has developed at a scale and pace that few would have thought possible. From 2000 to today, in real terms, the economy has grown nearly four-fold, and GDP per capita has almost tripled. Because India grew faster than the rest of the world, its share in the global...

The new political context emerging from the May 2024 elections provides a unique opportunity for South Africa. The alignment of economic and political incentives, in the sense that improving the economy is essential for gaining political power, offers a platform to launch a decisive...

La historia reciente de Perú presenta éxitos notables. Entre 2002 y 2013, el país creció un 6,1 por ciento, casi el doble del promedio regional. Luego de reformas clave para promover la transparencia y la rendición de cuentas del marco macro-fiscal en la década de 1990, Perú aprovechó un...

The representation and significance of women in the labor force have grown significantly over the past five decades around the globe. Using nationally representative data from more than 90 countries, this paper documents distinct gender patterns in employment transitions across both sectors and...

This paper assesses the impact of favoritism in public procurement on private sector productivity growth. To this end, it combines three novel microeconomic data sets: administrative data on firms, including more than 4 million firm-year observations and rich financial and ownership information;...

Global income inequality captures income differences among all individuals around the world. Global inequality around the world increased from 1820 to 1990 as incomes in richer countries grew faster than incomes in relatively poorer countries. However, these trends were reversed over the three...