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The paper aims at assessing the net impact of the accumulation of Information and Communication Technologies (ict) capital on the economy. In a first part, focusing on the supply-side of the economy, we show that the growth accounting methodology cannot provide us with a measure of the net...
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[fre] Les salaires sont-ils rigides? Le cas de la France à la fi n des années 1990 . . Les salaires sont rigides s’ils varient «moins qu’ils ne devraient», parce que des mécanismes économiques, des attitudes psychologiques ou des contraintes institutionnelles font obstacle à leur...
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We estimate a conditional convergence equation derived from an augmented Solow model where human capital is defined as skilled labour. We implement Generalized Method of Moments (GMM) estimators on a panel of countries. Estimation is carried out on the model in levels instrumented by the lagged...
Persistent link: https://www.econbiz.de/10009001125
[eng] International organisations define the cyclical balance in terms of the impact of the fluctuations in present activity on the public balance. We suggest an alternative method, based on the estimation of aVARmodel having as variables the deficit expressed in GDP points and the GDP growth...
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