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The World Bank (WB) has described the European Union (EU) as a convergence machine, and the real and institutional convergence has been achieved for a long period of time, and EU’s cohesion policy, alongside the Recovery and Resilience Facility (RRF), remains crucial for driving reforms and...
Persistent link: https://www.econbiz.de/10015202514
the quality of local institutions. Although the impact of national institutions on innovation is well-documented, the … China. We examine the adoption of these reforms between 2009 and 2016 as an exogenous shock to regional institutions. Our … highlights the critical role of government institutions in driving innovation across China, bringing to the fore important …
Persistent link: https://www.econbiz.de/10014632817
Most of the literature that explored the relationship between financial development and economic growth taking into consideration the roles played by institutional quality in the ECOWAS region still debates on the roles of institutional quality on economic growth. This study used data from...
Persistent link: https://www.econbiz.de/10012261901
between the participating countries over time. To achieve this, a certain alignment of institutions and structures was seen as …
Persistent link: https://www.econbiz.de/10012485017
This paper discusses methodological individualism and the perceived "need" for microfoundations in economic theory. It argues that the persistent focus on microfoundations has led a large part of the field to overlook the complexity of social interactions, the relevance of historical processes,...
Persistent link: https://www.econbiz.de/10015191316
The main purpose of the paper is to build a balance of payments constraint model with capital inflows, where green innovations are inducers of the structural change process. The main results indicate that green R&D can reduce the growth rate of natural resource use. On the other hand, green...
Persistent link: https://www.econbiz.de/10015191319
Purpose This paper, based on the 2022 Master Class delivered at the 50th National Economic Meeting organized by ANPEC, discusses how post-Keynesian macroeconomics and New Developmentalism complement each other to understand middle-income economies' development in financial globalization. It...
Persistent link: https://www.econbiz.de/10015147906
Demand and growth regimes (DGR) and macroeconomic policy regimes (MPR) frameworks have assumed prominence within the post-Keynesian literature. However, most studies based on these conceptual frameworks have focused on developed economies. The main contribution of this paper is to provide a...
Persistent link: https://www.econbiz.de/10014516160
. Several factors have been identified as causes of this delay, including institutions, productive structure and demand regimes …
Persistent link: https://www.econbiz.de/10015051680
Purpose The present paper aims to highlight how manufacturing expansions under conditions of increasing returns, which involve the growth of intermediate goods specializations, support advanced service employment. In addition, the increasing use of manufacturing products in services highlights...
Persistent link: https://www.econbiz.de/10015372606