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of growth. We employ historical data, recent cross-section data, and newly constructed public investment series. Our main … influenced by the scale of the economy, measured by its population; and third, investment in transport and communication is …
Persistent link: https://www.econbiz.de/10005791535
We update Rose and Spiegel (2009a, b) and search for simple quantitative models of macroeconomic and financial indicators of the "Great Recession" of 2008-09. We use a cross-country approach and examine a number of potential causes that have been found to be successful indicators of crisis...
Persistent link: https://www.econbiz.de/10008550324
This paper emphasizes the relevance of classical transition dynamics for trade policy, particularly for developing countries. The empirical evidence from cross-country growth regressions points to important transitional growth effects related to trade policy reforms. The paper employs a simple...
Persistent link: https://www.econbiz.de/10005124093
fertility, and lower investment in physical and human capital. Furthermore, the feedback effect from economic prosperity to …
Persistent link: https://www.econbiz.de/10005504520
favorable loan package; that it is associated with over-investment even when investment does not create collateral; and that low …
Persistent link: https://www.econbiz.de/10011145392
there is a relation in terms of both industry growth rates and shares of output devoted to R&D. Investment in R&D rather …
Persistent link: https://www.econbiz.de/10005114188
Conventional measures of business investment consist primarily of tangible assets such as plant and equipment, vehicles …, office buildings and other commercial structures. Corrado, Hulten and Sichel (2005, 2009) show business investment in … intangibles (software, design, R&D, branding, organizational capital) exceeds tangible investment for the United States. This …
Persistent link: https://www.econbiz.de/10011084039
us to reject this view. In fact, a net capital inflow made possible to meet the demand for investment boosting economic …
Persistent link: https://www.econbiz.de/10008458296
than a lump-sum subsidy, both cutting public employment and cutting public spending on market goods induce an investment … boom. Making the tax system less progressive by cutting tax credits and the labour income tax rate induces an investment … boom as well. The effects of endogenous growth, adjustment costs for investment and non-Walrasian labour markets on these …
Persistent link: https://www.econbiz.de/10005791753
experiences across countries. Conditioning on physical capital investment, secondary school enrolment, and a dummy for the African …
Persistent link: https://www.econbiz.de/10005661869