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The dynamics of economic integration : theory and policy

Bretschger, Lucas; Steger, Thomas M. - CER-ETH Center of Economic Research, Department of … - 2004

Integration a.ects economic growth mainly through two different channels : The scale-effect channel and the factor-reallocation channel. In order to investigate both channels within a unifying framework, we employ a simple descriptive growth model. The scale-effect channel increases either the...

Persistent link: https://www.econbiz.de/10005800885

Cyclical Patterns in Government Health Expenditures Between 1995 and 2010

Velenyi, Edit V.; Smitz, Marc F. - Economics Research, World Bank Group - 2014

The 2008-09 global economic crises have shown that no country is immune to external challenges. When policy controls are missing or not used efficiently, crises can reverse progress even in advanced economies. This unexpected outcome has increased concerns about the ability of governments in...

Persistent link: https://www.econbiz.de/10010829327

Reprioritizing Government Spending on Health: Pushing an Elephant Up the Stairs?

Tandon, Ajay; Fleisher, Lisa; Li, Rong; Yap, Wei Aun - Economics Research, World Bank Group - 2014

Countries vary widely with respect to the share of government spending on health, a metric that can serve as a proxy for the extent to which health is prioritized by governments. World Health Organization (WHO) data estimate that, in 2011, health's share of aggregate government expenditure in...

Persistent link: https://www.econbiz.de/10010754596

Globalization, the volatility of intermediate goods prices and economic growth

Steger, Thomas M.; Bretschger, Lucas - CER-ETH Center of Economic Research, Department of … - 2005

We set up a dynamic stochastic model of a stylized economy comprising a final output sector (with traditional and modern firms) and an intermediate goods sector. It is shown that market integration reduces the volatility of the rate of return of capital invested in modern firms. The induced...

Persistent link: https://www.econbiz.de/10005800920

Trade and Economic Growth: Historical Evidence

Schularick, M.; Solomou, S. - Faculty of Economics, University of Cambridge - 2009

were key determinants of economic growth. The paradox of this era of globalization is not that free trade was bad for …Is free trade good for growth? Some of the most disturbing evidence to the contrary comes from a period that is often … described as the first era of globalization. Studies of the period 1870-1914 have emphasised that protectionist tariff policy …

Persistent link: https://www.econbiz.de/10008528487

Convergence in institutions and market outcomes: cross-country and time-series evidence from the business environment and enterprise performance surveys in transition economies

Mitra, Pradeep; Muravyev, Alexander; Schaffer, Mark E. - Economics Research, World Bank Group - 2009

This paper uses firm-level data from the Business Environment and Enterprise Performance Surveys to study the process of convergence of transition countries with developed market economies. The study focuses on competition and market structure, finance and the structure of lending to firms, and...

Persistent link: https://www.econbiz.de/10005106885