an die Entwicklung in den übrigen Ländern der EU gewonnen hat. …

modifications expanded the concept of fixed capital to include intangible capital. The underlying drivers of innovation have … innovation in growth. But they also point to the importance of competition and firm entry and exit as key motivators for firms to …

In this paper, we employ a portfolio approach based on a two-country world to study the impact of financial openness on … consumption-wealth ratio, and welfare should be greater in an open economy because of higher productivity and/or less volatility … because of risk sharing. The theoretical results for the growth rate depend on differences in productivity and in consumption …

,tend to rise faster than the prices of material goods. Central to his model is the disparityin labour productivity growth … disease of services retains its explanatory power and relevance today. It refutescriticisms that productivity growth in …