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I estimate the effect that growth in countries' GDP per capita has on the growth rate of infrastructure. In order to … democracies and autocracies, GDP per capita growth has a significant positive effect on infrastructure growth. This effect is … rate of infrastructure. …
Persistent link: https://www.econbiz.de/10012795873
Persistent link: https://www.econbiz.de/10011897285
Put in terms of the two fundamental theorems of welfare economics, social or welfare liberalism is being defined as the tenet criticizing classical liberalism for neglecting the second theorem, having nothing to say about the “liberalism” of macroeconomic policymaking. This note claims that...
Persistent link: https://www.econbiz.de/10013030738
This paper focuses on how business interests and neoliberal ideas have come together in Germany during the past two decades. It is based on a detailed analysis of the INSM, a large-scale campaign founded and funded by the metal industry employers’ association Gesamtmetall in 2000 to shape...
Persistent link: https://www.econbiz.de/10013243482
Previous crisis episodes highlighted the role of mismatches in propagating crisis dynamics in emerging economies. The relative speed of financial opening as compared with the enhancement of absorptive capacity is a key determinant of the nature and severity of these mismatches. This study...
Persistent link: https://www.econbiz.de/10013044375
government also implemented policies to improve rural infrastructure and services. Redistributive transfers like subsidies help …
Persistent link: https://www.econbiz.de/10014139307
Applying IS-MP-IA model and the Taylor rule to selected Southeast European economies (Albania, Bosnia and Herzegovina, Macedonia and Serbia) we find that the change of effective exchange rate positively affects output, while the change of the world interest rate negatively affects output or it...
Persistent link: https://www.econbiz.de/10012953453
Aging may be one of the most far-reaching processes defining the economic, fiscal, and social changes societies are likely to experience over the next 40 years. The demographic consequences of aging will have a dramatic impact on labor markets, economic growth, social structures — and...
Persistent link: https://www.econbiz.de/10013025143
This study examines the link between income inequality and redistribution. Specifically, how inequality of market incomes affects (1) the size of the tax and transfer system, and (2) the redistributive effect of the tax and transfer system. Two models of government decision-making — the median...
Persistent link: https://www.econbiz.de/10013028570