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Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2014

The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high unemployment and stagnating growth by 1970, called stagflation. Since 1970 governments redressed the welfare state but did not succeed in finding workable mechanisms. They rather...

Persistent link: https://www.econbiz.de/10011108214

Pension savings and economic growth

De Koning, Kees - Volkswirtschaftliche Fakultät, … - 2012

Savers, including pension savers, convert savings into assets: homes,government bonds and shares.The conversion of savings is for the very long term. Once monies are turned into assets, the reverse process of turning assets into cash cannot be achieved by all savers together. Unavoidably some...

Persistent link: https://www.econbiz.de/10011111570

Assessing the supply of the Maltese economy using a production function approach

Grech, Aaron George; Micallef, Brian - Volkswirtschaftliche Fakultät, … - 2014

After outlining the various methods used to estimate potential output, this article presents estimates for Malta derived from one of the most commonly used methods, i.e. the production function approach. Given the uncertainty surrounding these kinds of estimates, they are compared with those...

Persistent link: https://www.econbiz.de/10011109864

Are Credit Shocks Supply or Demand Shocks?

Bijapur, Mohan - Volkswirtschaftliche Fakultät, … - 2013

This paper provides new insights into the relationship between the supply of credit and the macroeconomy. We present evidence that credit shocks constitute shocks to aggregate supply in that they have a permanent effect on output and cause inflation to rise in the short term. Our results also...

Persistent link: https://www.econbiz.de/10011111503

Impact of Economic Crisis on Innovation Behaviour of Industrial Firms In Russia

Kuznetsov, Boris - 2013

The paper focuses on empirical analysis of major factors that determine innovation activities of Russian manufacturing firms during the crisis. We presume that the crisis has ambiguous effects on firms' behaviour, on one hand limiting their financial capabilities to invest into new products...

Persistent link: https://www.econbiz.de/10013082604

Long-term labour productivity and GDP projections for the EU25 Member States : a production function framework

Carone, Giuseppe; Denis, Cécile; Mc Morrow, Kieran; … - Volkswirtschaftliche Fakultät, … - 2006

This paper presents the results of long run labour productivity and GDP growth rate projections (until 2050) for each … employment and labour productivity. These base case projections reflect the working assumption of “no policy change … population is fairly limited, although it is accepted that the labour productivity of an individual is likely to decline after …

Persistent link: https://www.econbiz.de/10005619654

The role of education in economic development: a theoretical perspective

Ozturk, Ilhan - Volkswirtschaftliche Fakultät, … - 2001

’s productivity and creativity and promotes entrepreneurship and technological advances. In addition it plays a very crucial role in …

Persistent link: https://www.econbiz.de/10005619571

Economics as victim between lawyers and mathematics: An explanation for the tax credit, Bulgarian potential fraud, European unemployment and the economic crisis

Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2013

(1) The basic problem in OECD countries is the tax void. (2) A tax system with an exemption is more transparant than a system with a tax credit. (3) Exemption should be at the level of the net minimum wage so that such workers can work at net = gross. (4) A tax credit is a sufficient but not a...

Persistent link: https://www.econbiz.de/10011109700

When Capitalism no longer works - a Profit Warning

De Koning, Kees - Volkswirtschaftliche Fakultät, … - 2012

Both the United States and the United Kingdom publish data on the balance sheet of Households and Non-profit organisations. Eurostat is studying the issue. The time series provide a unique tool to assess whether collectively the individual households are getting richer or poorer. They allow to...

Persistent link: https://www.econbiz.de/10011107559

European Union between the Constraint of Borders and Global Competition

Horga, Ioan - Volkswirtschaftliche Fakultät, … - 2011

The sovereign debt crisis, which currently affects especially the European Union, challenges on the one side the actuality of hard borders and the reexamination of soft borders (Horga & Brie, 2008), and on the other side the need for the European Union to deal with an even more complex global...

Persistent link: https://www.econbiz.de/10011259128