Showing 1 - 10 of 13
This paper compares different fiscal integration schemes on the basis of their ability to finance public investments and resilience to debt distress and contagion. Complete integration schemes, where a central authority chooses the level of public investments with productivity-enhancing...
Persistent link: https://www.econbiz.de/10011094574
The world’s aging population is expected to shape the future of economies across the globe. Without behavioral adaptation by current and future generations, this demographic transformation is likely to slow down economic growth. However, aging will also induce behavioral adjustments in savings...
Persistent link: https://www.econbiz.de/10010829314
The magnitude and persistence of growth in gross domestic product are topics of intense scrutiny by economists. Although the existing techniques provide a range of tools to study the nature of growth and volatility time series, these usually come with shortcomings, including the need to...
Persistent link: https://www.econbiz.de/10010829347
This paper shows how Dutch disease effects may arise solely from a shift in demand following a natural resource discovery. The natural resource wealth increases the demand for non-tradable luxury services due to non-homothetic preferences. Labor that could be used to develop other non-resource...
Persistent link: https://www.econbiz.de/10010829527
Bulgaria is in the midst of a serious demographic transition that will shrink its population at one of the highest rates in the world within the next few decades. This study analyzes the macroeconomic and fiscal implications of this demographic transition by using a long-term model, which...
Persistent link: https://www.econbiz.de/10010739867
We show that the Dutch disease can arise solely because of the distribution of the natural resource rents. In particular, a less equal distribution of the natural resource rents can generate manufacturing sector stagnation and lower long-run growth even for a country with a smaller resource base...
Persistent link: https://www.econbiz.de/10010938099
This paper shows how Dutch disease effects may arise solely from a shift in demand following a natural resource discovery. The natural resource wealth increases the demand for non-tradable luxury services due to non-homothetic preferences. Labor that could be used to develop other non-resource...
Persistent link: https://www.econbiz.de/10010938100
Persistent link: https://www.econbiz.de/10010647206
This paper shows how Dutch disease effects may arise solely from a shift in demand following a natural resource discovery. The natural resource wealth increases the demand for non-tradable luxury services due to non-homothetic preferences. Labor that could be used to develop other non-resource...
Persistent link: https://www.econbiz.de/10010796179
The last decade has witnessed an increasing global awareness of human impact on the planet’s climate and its likely consequences. However, strategic and structural complexities hinder further compliance and participation in efforts to establish a global agreement for climate change mitigation....
Persistent link: https://www.econbiz.de/10010569286