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The effect of structural reforms on growth in Europe and Central Asia is assessed by looking separately at each supply-side channel: capital, labor, and productivity, with the last estimated using the stochastic frontier approach. By controlling for the interaction with the economic cycle, the...
Persistent link: https://www.econbiz.de/10012230763
This paper revisits the old theses of the contrasting paths to modernization between Japan and China. It develops a new … analytical framework regarding the role of ideology and ideological change - Meiji Japan's decisive turn towards the West pitted … framework and historical narrative highlight the contrast between Tokugawa Japan's feudal, decentralized political regime and …
Persistent link: https://www.econbiz.de/10015130245
This paper attempts to describe and assess the achievements of the countries of South Eastern Europe - Albania, Bosnia and Herzegovina, Bulgaria, Croatia, FYR Macedonia, Romania, and Federal Republic of Yugoslavia - in pursuing structural economic reforms in the period since the end of the...
Persistent link: https://www.econbiz.de/10012563672
Arab oil exporting countries have been advised by the IMF to diversify their economies away from oil and that the way to do that is to adopt the ten principles of the Washington Consensus, which call for liberalization, deregulation and privatization. It is not clear how measures like these are...
Persistent link: https://www.econbiz.de/10014518473
The Chinese economy upheld a frail recovery in 2022 under the triple superposition of contraction of demand, disruption in supply, and weakening expectations, aggravated by unanticipated adverse shocks in the midst of global turmoil. Over the year, rising income uncertainty set off by the...
Persistent link: https://www.econbiz.de/10014288667
This year's economic activity has been slower than previously anticipated due to emerging structural bottlenecks and continued external headwinds. This has prompted a sense of urgency to address the rising economic challenges to sustain growth in the short to medium term. While Cambodia's...
Persistent link: https://www.econbiz.de/10014454365
Purpose From the perspective of supply-side structural reform, the purpose of this paper is to analyze and discuss the necessity and feasibility of China’s foreign trade transformation and development and explores the realization path accordingly. Design/methodology/approach This paper mainly...
Persistent link: https://www.econbiz.de/10012233143
Purpose Deepening supply-side structural reform is the main objective of the economic work since the Chinese economy entered a new stage of development. By adopting the fundamental principles and methodologies of Marxist political economy, the authors can provide clarifications on the three...
Persistent link: https://www.econbiz.de/10012236448
Aufbauend auf der Analyse des Reformbedarfs zu Beginn der Transformationsprozesse in Mittel- und Osteuropa untersucht die Arbeit anhand von zwei Modellrahmen die Rolle der Wechselkurspolitik beim Übergang zur Marktwirtschaft. Es wird gezeigt, daß die Wahl des optimalen Wechselkurssystems von...
Persistent link: https://www.econbiz.de/10011937798
Sustainable development implies reducing the gap in GDP per capita between center and periphery, increasing equality and protecting the environment. In this paper, we present a simple model within the Structuralist tradition that combines these three dimensions of sustainable development. We...
Persistent link: https://www.econbiz.de/10014433726