Showing 1 - 10 of 1,754
This paper studies the linkage between structural coherence and economic growth. Structural coherence is defined as the degree that a country's industrial structure optimally reflects its factor endowment fundamentals. The paper found that at least for the overall capital, the shares of capital...
Persistent link: https://www.econbiz.de/10014395671
This paper studies the linkage between structural coherence and economic growth. Structural coherence is defined as the degree that a country's industrial structure optimally reflects its factor endowment fundamentals. The paper found that at least for the overall capital, the shares of capital...
Persistent link: https://www.econbiz.de/10009618511
This paper explores, from an investment-saving perspective, the factors underlying the persistent widening of the …
Persistent link: https://www.econbiz.de/10014396178
This paper calculates the levels of optimal national saving, investment, and the current account balance for five Asian …
Persistent link: https://www.econbiz.de/10014399958
Empirical data show that real wages fall sharply during periods of high inflation. This paper suggests a simple general equilibrium explanation, without relying on nominal rigidities. It presents an intertemporal two-sector model with a cash-in-advance constraint. In this setting, inflation...
Persistent link: https://www.econbiz.de/10014403651
public sector investment in determining both the extent and the speed of convergence. The paper also considers the importance … of the stock of human capital, trade orientation, and foreign direct investment in the long-run growth process. Empirical … the notion of differential effects of public and private investment on long-term growth, as well as for the convergence …
Persistent link: https://www.econbiz.de/10014398433
examines the implications of treating intangible spending as an acquisition of final (investment) goods on GDP growth for … Canada. It finds that investment in intangible capital by 2002 is almost as large as the investment in physical capital. This …
Persistent link: https://www.econbiz.de/10014402260
of investment, civil conflict, economic inefficiencies, state intervention in the economy, and regulatory restrictions …
Persistent link: https://www.econbiz.de/10014404284
This paper jointly analyzes the optimal conduct of monetary policy, foreign exchange intervention, fiscal policy, macroprudential policy, and capital flow management. This policy analysis is based on an estimated medium-scale dynamic stochastic general equilibrium (DSGE) model of the world...
Persistent link: https://www.econbiz.de/10013170322
persistent reductions of output, consumption and investment, that can be large, in particular if the share of public debt held …
Persistent link: https://www.econbiz.de/10014394378