Similar Search Results

Population Aging and Economic Growth : From Demographic Dividend to Demographic Drag?

Kotschy, Rainer; Bloom, David E. - National Bureau of Economic Research - 2023

This paper examines the extent to which changes in working-age shares associated with population aging might slow economic growth in upcoming years. We first analyze the economic effects of changing working-age shares in a standard empirical growth model using country panel data from 1950-2015....

Persistent link: https://www.econbiz.de/10014337818

Meritocracy across Countries

Bandiera, Oriana; Kotia, Ananya; Lindenlaub, Ilse; … - National Bureau of Economic Research - 2024

Are labor markets in higher-income countries more meritocratic, in the sense that worker-job matching is based on skills rather than idiosyncratic attributes unrelated to productivity? If so, why? And what are the aggregate consequences? Using internationally comparable data on worker skills and...

Persistent link: https://www.econbiz.de/10014528414

Transition Dynamics in Vintage Capital Models : Explaining the Postwar Catch-Up of Germany and Japan

Gilchrist, Simon - 2004

We consider a neoclassical interpretation of Germany and Japan's rapid postwar growth that relies on a catch … and investment, we are able to capture many of the key empirical properties of Germany and Japan's postwar transitions …

Persistent link: https://www.econbiz.de/10012467958

Tax-Efficient Asset Management : Evidence from Equity Mutual Funds

Sialm, Clemens - 2015

Investment taxes have a substantial impact on the performance of taxable mutual fund investors. Mutual funds can reduce the tax burdens of their shareholders by avoiding securities that are heavily taxed and by avoiding realizing capital gains that trigger higher tax burdens to the funds'...

Persistent link: https://www.econbiz.de/10012457607

Financial Systems, Economic Growth, and Globalization

Rousseau, Peter L. - 2001

formal quantitative analysis. We begin with studies of the Dutch Republic, England, the U.S., France, Germany and Japan that …

Persistent link: https://www.econbiz.de/10012470401

From Socialist Showcase to Mezzogiorno? Lessons on the Role of Technical Change from East Germany's Post-World War II Growth Performance

Keller, Wolfgang - 1997

explaining the relative East Germany-West Germany performance during the post-World War II era. We argue that previous work was … prospects of catching up with West Germany during the post-reunification era. We show, first, that the rates of technical change … account for the fact that East Germany was not the socialist showcase for which it was frequently taken before German …

Persistent link: https://www.econbiz.de/10012472735

International Capital Mobility, Public Investment and Economic Growth

Clarida, Richard H. - 1993

This paper presents a neoclassical model of international capital flows, public investment, and economic growth. Because public capital is non-traded and is imperfectly substitutable for private capital, the open economy converges only gradually to the Solow steady-state notwithstanding the fact...

Persistent link: https://www.econbiz.de/10012474439

Post-War Economic Growth in the Group-of-Five Countries : A New Analysis

Boskin, Michael J. - 1990

Group-of-Five (G-5) countries: France, West Germany, Japan, United Kingdom and United states. It is assumed that all … France, West Germany and Japan, and between 8 and 10 percent per annum for the U.K. and the U.S. for the period under study …, the productive efficiencies of France, West Germany and Japan rose rapidly from less than 40 percent of the U.S. level in …

Persistent link: https://www.econbiz.de/10012475512

Capital Flows, Real Estate, and Local Cycles : Evidence from German Cities, Banks, and Firms

Bednarek, Peter - 2020

We study how an aggregate bank flow shock impacts German cities' GDP growth depending on the state of their local real estate markets. Identification exploits a policy framework assigning refugees to cities on a quasi-random basis and variation in non-developable area for the construction of a...

Persistent link: https://www.econbiz.de/10012479343

Inflation and Activity – Two Explorations and their Monetary Policy Implications

Blanchard, Olivier - 2015

We explore two issues triggered by the crisis. First, in most advanced countries, output remains far below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a breakdown of the relation between inflation and...

Persistent link: https://www.econbiz.de/10012456944

1
2
3
4
5
6
7
8
9
10
Next
Last