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In the present paper we question the mainstream diagnosis of Germany's post-2000 stagnation as well as the prescribed remedies. We show that the "institutional sclerosis" view of Germany's stagnation is unfounded and that therefore the political measures proposed and actually taken are...
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theoretical framework for the relationship between structural reforms, economic growth and income inequality. We argue that … and political constraints play crucial roles in determining the effectiveness of reforms on economic growth and income …
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The debate among economists about an optimal growth recipe has been the subject of competing "narratives." We identify … four major growth narratives using the text analytics of IMF country reports over 1978-2019. The narrative "Economic …, and inequality. Growth theory concepts such as innovation, technology, and export policy have been marginal while …
Persistent link: https://www.econbiz.de/10012392481
finds that introducing LMRs and PMRs simultaneously would add about 2.5 percentage points (pp) of GDP growth and reduce …
Persistent link: https://www.econbiz.de/10012122485
The study investigates the impact of cross-border mergers and acquisitions on GDP per capita and domestic investment in 22 European transition countries from 2000 to 2014 by using the system Generalized Method of Moments estimator. The main implications are that cross-border mergers and...
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At a time of slow growth in several advanced and emerging countries, calls for more structural reforms are multiplying …. However, estimations of the short- and medium-term impact of these reforms on GDP growth remain methodologically problematic …
Persistent link: https://www.econbiz.de/10011747694