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In this paper we have built a model of financial intermediation that explains the GDP variability pattern of an economy during the development process. In our model, per capita is more volatile in the middle-income economies than in both low and high-income economies. We show that, if the model...
Persistent link: https://www.econbiz.de/10011071114
We consider the potential importance of labour market efficiency for aggregate growth. The idea is that efficient … labour markets move workers more quickly from low to high productivity sites, thereby raising aggregate productivity growth … data on 15 OECD countries, we estimate this and show that it has a significant effect on growth. The results are robust to …
Persistent link: https://www.econbiz.de/10010746412
discontinuity of per-capita GDP growth partitions Austria's regions into two groups. Clear evidence of discontinuity (a “take … Austria, Bohemia, Silesia, Galicia, Bukovina, and Dalmatia there is instead no evidence of structural break in their growth …) but have moderate effects on the growth of subsequent years. Regional (per-capita) inequality is also evaluated using …
Persistent link: https://www.econbiz.de/10011125886
also suggest that green policies might be able to boost economic growth through induced knowledge spillovers. …
Persistent link: https://www.econbiz.de/10011126025
adverse growth effects of austerity being very short-lived. The literature has only recently shifted its attention to the … qualitative characteristics of fiscal consolidation to explain variations in economic performance (growth) across countries in the … of government – exert significant influence on the impact that austerity has on growth and debt-sustainability. Factoring …
Persistent link: https://www.econbiz.de/10011126268
predicated via three sub-chains (i) from marketization to growth, (ii) from growth to overall material development welfare and …
Persistent link: https://www.econbiz.de/10011126279
No Abstract
Persistent link: https://www.econbiz.de/10011126386
No Abstract
Persistent link: https://www.econbiz.de/10011126454
, and using a two-sector growth model, I project the future growth rate of GDP per hour in the market sector to be 2.61% p … productivity but not necessarily on its long run growth rate. I therefore predict that the UK will eventually return to the growth …
Persistent link: https://www.econbiz.de/10011126541
productivity in the UK while leaving the long run growth rate unaffected. Based entirely on pre-crisis data, and using a two …-sector growth model, I project the future growth rate of GDP per hour in the market sector to be 2.61% p.a. Based on a cross …
Persistent link: https://www.econbiz.de/10011126620