Showing 1 - 10 of 16,617
export- and investment-led economy to a domestic demand- and consumption-led growth paradigm. While there are widespread …
Persistent link: https://www.econbiz.de/10011579531
In this paper we present a multi-country, multi-industry agent-based model investigating the different growth patterns of interdependent economies. Each country features a Schumpeterian engine of endogenous technical change which interacts with Keyneasian/Kaldorian demand generation mechanisms....
Persistent link: https://www.econbiz.de/10011763040
This work presents the evolutionary growth theory, which studies the drivers and patterns of technological change and production together with the (imperfect) mechanisms of coordination among a multitude of firms. This requires to studies economies as complex evolving systems, i.e. as ecologies...
Persistent link: https://www.econbiz.de/10014464394
Economists have long debated whether the real exchange rate (RER) has a significant impact on export performance and … output growth. Some claim that export performance depends only on nonprice competition and the RER is irrelevant to long …
Persistent link: https://www.econbiz.de/10014433725
This paper studies, how allowing foreign capital flows in a developing economy will impact the inter-sector dynamics in terms of allocation of factors of production, relative output and real exchange rate. This paper introduces foreign capital flows to the theory of structural change and...
Persistent link: https://www.econbiz.de/10014104322
This paper discusses why Latin America failed to achieve sustainable convergence with the developed world since 1960 and analyses different phases of convergence and divergence using a structuralist-Keynesian approach. First, it is argued that there are critical differences between Latin...
Persistent link: https://www.econbiz.de/10013147425
A new dataset on export sophistication reveals that in many countries the importance of modern services, and the …
Persistent link: https://www.econbiz.de/10013037039
This paper analyses the structure of Greek exports and presents policy recommendations to boost export performance …. Despite recent improvements, export performance deteriorated in the last decade particularly in the service sector. The … has been sluggish due to severe liquidity constraints of exporters, lack of investment in export industries and in part …
Persistent link: https://www.econbiz.de/10011577746
The Chinese economy is slowing down and is in the midst of a structural transformation from export‐led and investment …
Persistent link: https://www.econbiz.de/10014121327
National and international expansion of transmission networks and diminishing returns to scale in hydropower capacity expansion has raised the opportunity cost of electricity. The resulting changes in comparative advantage between industries have in many countries been counteracted by government...
Persistent link: https://www.econbiz.de/10011968232