The Role of the Bond and Stock Markets for Economic Growth
... intermediation and stock markets only) to economic growth. Levine (1997) advocates the functional approach of the role of financial systems, which focuses upon the relationships between growth and the quality of the functions provided by the financial system (these include monitoring managers, facil ...
... intermediation and stock markets only) to economic growth. Levine (1997) advocates the functional approach of the role of financial systems, which focuses upon the relationships between growth and the quality of the functions provided by the financial system (these include monitoring managers, facil ...
NBER WORKING PAPER SERIES GLOBALIZATION AND INEQUALITY: EVIDENCE FROM WITHIN CHINA Shang-Jin Wei
... in 19991). When the central government reduces the policy barriers to trade, which includes policy-induced dis-incentives for exports as well as tariffs and non-tariff barriers to imports, all regions in China benefit. However, due to unequal natural barriers to trade (i.e., distance and access to t ...
... in 19991). When the central government reduces the policy barriers to trade, which includes policy-induced dis-incentives for exports as well as tariffs and non-tariff barriers to imports, all regions in China benefit. However, due to unequal natural barriers to trade (i.e., distance and access to t ...
GDP gap
... Note. September 2011 refers to the PF gap. Real time refers to the HP gap except from October 2010 and onwards when the PF gap is used. ...
... Note. September 2011 refers to the PF gap. Real time refers to the HP gap except from October 2010 and onwards when the PF gap is used. ...
Economic Objectives, Public-Sector Deficits and Macroeconomic
... The question to be answered in this section is: why did the government continue to spend in excess of its means while, at the same time, promising fiscal discipline? The government won the 1980 election with promises of land, free education, free health, higher wages and jobs [EIU, 1980(2)]. There i ...
... The question to be answered in this section is: why did the government continue to spend in excess of its means while, at the same time, promising fiscal discipline? The government won the 1980 election with promises of land, free education, free health, higher wages and jobs [EIU, 1980(2)]. There i ...
Modeling the Transition to a New Economy
... Many historians view the transition to a new economy after the Second Industrial Revolution as a paradigmatic example of a transition to a new economy after a major and sustained increase in the pace of technical change. Here we document the three main features of this transition: a productivity par ...
... Many historians view the transition to a new economy after the Second Industrial Revolution as a paradigmatic example of a transition to a new economy after a major and sustained increase in the pace of technical change. Here we document the three main features of this transition: a productivity par ...
Aggregate Expenditure
... Say’s Law, which states that supply creates its own demand Production of goods generates incomes which will create enough demand This implies that there is no need for government intervention or demand management policies ...
... Say’s Law, which states that supply creates its own demand Production of goods generates incomes which will create enough demand This implies that there is no need for government intervention or demand management policies ...
What is the weakest link for entrepreneurial activity in Burundi? ∗†
... economy changed between these two countries during the last crisis. Prima facie we can discard the hypothesis that the destruction of human lives accounts for the dierence, since the Rwandan massacre was larger in absolute terms. This does not mean that the genocides are not part of the story; our ...
... economy changed between these two countries during the last crisis. Prima facie we can discard the hypothesis that the destruction of human lives accounts for the dierence, since the Rwandan massacre was larger in absolute terms. This does not mean that the genocides are not part of the story; our ...
The Success of EU Cohesion Policy: the Case of Greece and Ireland.
... common to the peripheral economies of the EU (Barry 2003). Table 1 is a summary of several economic indicators in the two countries. National income and labour productivity in both Greece and Ireland were behind the European average until the 1990’s. Exposure to international trade on the other hand ...
... common to the peripheral economies of the EU (Barry 2003). Table 1 is a summary of several economic indicators in the two countries. National income and labour productivity in both Greece and Ireland were behind the European average until the 1990’s. Exposure to international trade on the other hand ...
T Investment and Employment by Manufacturing
... unemployment rate, the lower is investment. In neither investment equation, however, does the growth of GDP affect investment beyond its effects on these other variables. In the aggregate, the evidence indicating the importance of user costs of capital to investment has been mixed. Examining data at ...
... unemployment rate, the lower is investment. In neither investment equation, however, does the growth of GDP affect investment beyond its effects on these other variables. In the aggregate, the evidence indicating the importance of user costs of capital to investment has been mixed. Examining data at ...
real convergence trends in central and eastern european countries
... period are also very high in the similar range as in the Eurozone countries. The Baltic countries converge at the end of analysed period. The lowest levels of convergence show Lithuania that was diverging to the Eurozone in most of the analysed period. A rapid increase in correlation in the end of a ...
... period are also very high in the similar range as in the Eurozone countries. The Baltic countries converge at the end of analysed period. The lowest levels of convergence show Lithuania that was diverging to the Eurozone in most of the analysed period. A rapid increase in correlation in the end of a ...
The Impact of the Global Financial Crisis on the Least Developed
... III. The short run impact of the 2007-2009 crisis: Cross-Country analysis.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 15 A. Role of potential drivers.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ...
... III. The short run impact of the 2007-2009 crisis: Cross-Country analysis.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 15 A. Role of potential drivers.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ...
Economic Growth and the Environment Author(s): Gene M
... pollutants vary, but in most cases they come before a country reaches a per capita income of $8000. ...
... pollutants vary, but in most cases they come before a country reaches a per capita income of $8000. ...
Ecole thématique CNRS « Les méthodes de l`analyse
... N. Meisel and J. Ould Aoudia (2008), ‘‘Is ‘Good Governance’ a Good Development Strategy?’’, AFD Working Paper No. 58. N. Meisel and J. Ould Aoudia (2007), ‘‘A New Institutional Database: ‘Institutional Profiles 2006’ ’’, AFD Working Paper No. 46. ...
... N. Meisel and J. Ould Aoudia (2008), ‘‘Is ‘Good Governance’ a Good Development Strategy?’’, AFD Working Paper No. 58. N. Meisel and J. Ould Aoudia (2007), ‘‘A New Institutional Database: ‘Institutional Profiles 2006’ ’’, AFD Working Paper No. 46. ...
Growth, Distribution, and Clean Technical Change
... Some ecological economists, on the other hand, advocate that only a de-growth strategy, or at least a steady-state economy, can resolve this and other challenges, see, for example, Daly (1991) and Kallis et al. (2012). For a model of induced environment-saving technical change along classical lines, ...
... Some ecological economists, on the other hand, advocate that only a de-growth strategy, or at least a steady-state economy, can resolve this and other challenges, see, for example, Daly (1991) and Kallis et al. (2012). For a model of induced environment-saving technical change along classical lines, ...
Economic growth
Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP. Of more importance is the growth of the ratio of GDP to population (GDP per capita, which is also called per capita income). An increase in growth caused by more efficient use of inputs (such as physical capital, population, or territory) is referred to as intensive growth. GDP growth caused only by increases in the amount of inputs available for use is called extensive growth.In economics, ""economic growth"" or ""economic growth theory"" typically refers to growth of potential output, i.e., production at ""full employment"". As an area of study, economic growth is generally distinguished from development economics. The former is primarily the study of how countries can advance their economies. The latter is the study of the economic development process particularly in low-income countries.Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the price of goods produced. Measurement of economic growth uses national income accounting. Since economic growth is measured as the annual percent change of gross domestic product (GDP), it has all the advantages and drawbacks of that measure.