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The relationship between public expenditures and the economic growth attracts more and more the interests of most economists, especially after the financial crisis of 2008. A return to Keynesianism has been the subject of contemporary debates and still one of the most proposed solutions to this...
Persistent link: https://www.econbiz.de/10015252266
France has a track record of persistent general government deficits, partly reflecting pro-cyclical fiscal policies in upswings. This has resulted in a quadrupling of its public debt-to-GDP ratio since the 1970s to above 80% of GDP. Reducing public debt is crucial because a high level of public...
Persistent link: https://www.econbiz.de/10012441809
L’investissement public est un outil essentiel pour relever les grands défis –changement climatique, évolutions démographiques, transformation numérique et chocs économiques et autres – auxquels est confrontée la société. L’investissement contribue à poser les fondations de la...
Persistent link: https://www.econbiz.de/10013278624
Innovation is widely recognized as a key ingredient of productivity success. This article by Someshwar Rao, Ashfaq … positive relationship between measures of fundamental innovation, labour productivity and GDP per capita across OECD countries …. The authors paint a nuanced portrait of Canada's innovation performance. The existence of an innovation gap with the …
Persistent link: https://www.econbiz.de/10005481859
This is a review article by Andrew Sharpe from the Centre for the Study of Living Standards of Angus Maddison's path-breaking new book, The World Economy: A Millennial Perspective. The article summarizes Maddison's key findings in a number of areas, with particular emphasis on his estimates of...
Persistent link: https://www.econbiz.de/10005518964
Persistent link: https://www.econbiz.de/10013459866
This paper extends the Solow-Swan growth model by incorporating environmental factors, applied specifically to Madagascar. The model simulates three scenarios: (1) a baseline scenario with low savings and high deforestation; (2) an economic reform scenario with increased savings but no...
Persistent link: https://www.econbiz.de/10015214512
humain) dans l’Europe élargie d’aujourd’hui ? Quels sont les résultats des pays européens en matière d’innovation, nerf de la … European wealth (measured by quantitative and qualitative indicators) distributed within the enlarged Europe? What are the … results of the European countries in terms of innovation, nerve of competitiveness and source of growth ? Short and lung term …
Persistent link: https://www.econbiz.de/10005628120
This study investigates the influence of institutional pressures on the level of entrepreneurship in Sub-Saharan Africa (SSA). It assumes that in sub-Saharan Africa, countries with the highest levels of entrepreneurship rates tend to have the highest levels of economic freedom. Data are on 37...
Persistent link: https://www.econbiz.de/10015256730
This paper studies the relationship between governance, economic growth, and poverty. This relationship is examined using panel data from 1996 to 2012. Empirical evidence does not support the hypothesis that good governance leads to poverty reduction. Indeed, the estimation results show that...
Persistent link: https://www.econbiz.de/10015261302