Showing 1 - 10 of 15
period of stagnation. The model has multiple steady-growth solutions when the labour supply is highly elastic, and government …, and a combination of high saving rates and slow population growth account for the stagnation of the 1990s. This …
Persistent link: https://www.econbiz.de/10010287845
The shock of the pandemic and subsequent overlapping crises has led to a reversal in development by exacerbating the challenges facing the most vulnerable 75 economies eligible for concessional loans and grants from the World Bank's International Development Association (IDA). Over 2020-24, per...
Persistent link: https://www.econbiz.de/10015209808
stagnation tendencies. Results of this research are integrated into a stylised Kaleckian distribution and growth model, which … that model, we also show that post-crises stagnation tendencies and falling potential growth can be explained by those …
Persistent link: https://www.econbiz.de/10013459716
of stagnation or low growth. Comparative case studies of the Great Depression, the Latin American debt crisis of the 1980 … prosperity for a long time? The main conclusion is that stagnation after big financial crises becomes likely when the balance …
Persistent link: https://www.econbiz.de/10010332604
successful domestic demand-led growth. Consequently, the global economy likely faces asymmetric stagnation. …
Persistent link: https://www.econbiz.de/10010333045
I show how the influences of unskilled immigration, differential fertility between immigrants and the local indigenous population, and incentives for investment in human capital combine to predict the decline of the West. In particular, indigenous low-skilled workers lose from unskilled...
Persistent link: https://www.econbiz.de/10010335967
This paper examines Steindl's original 1952 model and relates it to subsequent stagnationist models. The model is then extended by introducing endogenous changes in the markup and a reformulation of the investment function. These extensions address weaknesses of the simpler models, find support...
Persistent link: https://www.econbiz.de/10010456988
Stagnation. Das Absenken der Leitzinsen gegen Null wird als Ursache für eine sinkende Grenzleistungsfähigkeit der Investitionen …
Persistent link: https://www.econbiz.de/10011282534
This paper argues that the re-emergence of stagnation tendencies in modern capitalism can be related to … Eurozone and its main member countries, imposes an aggregation problem on the global economy and thus contributes to stagnation …
Persistent link: https://www.econbiz.de/10011664316
discussion about stagnation tendencies in capitalist economies. In orthodox approaches income distribution only has a restricted …-Keynesian/Kaleckian approaches when it comes to explaining medium- to long-run trends of economic growth - and stagnation. In this contribution we …-dominated capitalism, both before and after the recent crisis. Finally, we also sketch an interpretation of stagnation tendencies in a …
Persistent link: https://www.econbiz.de/10011797482