CZECH UNIVERSITY OF LIFE SCIENCES PRAGUE FACULTY OF
... Having analyzed the dynamics of REER, which is one of the cornerstones of Dutch disease investigation, in addition two other important Dutch disease symptoms were analyzed: the rate of increase in Russian industrial manufacturing comparing to that in corresponding Russian imports and the dynamics of ...
... Having analyzed the dynamics of REER, which is one of the cornerstones of Dutch disease investigation, in addition two other important Dutch disease symptoms were analyzed: the rate of increase in Russian industrial manufacturing comparing to that in corresponding Russian imports and the dynamics of ...
Growth, Productivity, and the Wealth Of Nations
... accumulation does not necessarily lead to growth. Take the former Soviet Union, for example. They invested a lot, but did not grow much. ...
... accumulation does not necessarily lead to growth. Take the former Soviet Union, for example. They invested a lot, but did not grow much. ...
hep03-baten 222864 en
... market disequilibria could lead to higher incomes of some social groups with better skills or more direct access to profitable information (for example, the inhabitants of the capital could be better informed). We will therefore put the hypothesis to the empirical test, controlling for as much other ...
... market disequilibria could lead to higher incomes of some social groups with better skills or more direct access to profitable information (for example, the inhabitants of the capital could be better informed). We will therefore put the hypothesis to the empirical test, controlling for as much other ...
research paper series Research Paper 2006/33
... emerging economies on the world economy is widely perceived to be positive. Some economic analysts suggest that one of the reasons why the sharp rise of oil price from 2004 has not resulted in a global recession or even high inflation in the industrialised world is because of the massive exports of ...
... emerging economies on the world economy is widely perceived to be positive. Some economic analysts suggest that one of the reasons why the sharp rise of oil price from 2004 has not resulted in a global recession or even high inflation in the industrialised world is because of the massive exports of ...
Uncertainty, Capital Flows, and Maturity Mismatch
... flows than for equity. This second empirical fact leads me to concentrate on the distinctive properties of portfolio debt flows. Unlike equity issuance, debt financing can generate maturity mismatch on a firm’s balance sheet if the firm’s assets have a longer maturity. While maturity mismatch is a ...
... flows than for equity. This second empirical fact leads me to concentrate on the distinctive properties of portfolio debt flows. Unlike equity issuance, debt financing can generate maturity mismatch on a firm’s balance sheet if the firm’s assets have a longer maturity. While maturity mismatch is a ...
Privatisation Methods and Economic Growth in Transition Economies
... foreign participation. Mixed privatisation has led to insider ownership, often dominated by managers, and sometimes with a large retained state ownership share (e.g., Romania and Slovenia). The consequences of mass privatisation for ownership have been more complex. In Russia and Ukraine, widespread ...
... foreign participation. Mixed privatisation has led to insider ownership, often dominated by managers, and sometimes with a large retained state ownership share (e.g., Romania and Slovenia). The consequences of mass privatisation for ownership have been more complex. In Russia and Ukraine, widespread ...
Adverse Selection, Slow Moving Capital and Misallocation
... of complementarity between quality and productivity, the resulting equilibrium dynamics are similar to convex adjustment costs that penalize changes in either the level or the growth rate of capital.3 Perhaps surprisingly, when shocks are transitory, capital reallocation may be more efficient. A nov ...
... of complementarity between quality and productivity, the resulting equilibrium dynamics are similar to convex adjustment costs that penalize changes in either the level or the growth rate of capital.3 Perhaps surprisingly, when shocks are transitory, capital reallocation may be more efficient. A nov ...
Chapter 11: Saving, Capital Accumulation, and Output
... – Given the same level of technology and human capital, same institutions, etc., … – This model says that all countries should converge to the same level. ...
... – Given the same level of technology and human capital, same institutions, etc., … – This model says that all countries should converge to the same level. ...
The Gini Index, Pietra Ratio and Mean Division
... Regarding the endogenous variable issue, we treat lagged income inequality and GDP as endogenous, and physical capital stock and human capital as predetermined. Empirical studies show that schooling is significantly affected by income inequality, as is human capital. Capital stock is treated as pre ...
... Regarding the endogenous variable issue, we treat lagged income inequality and GDP as endogenous, and physical capital stock and human capital as predetermined. Empirical studies show that schooling is significantly affected by income inequality, as is human capital. Capital stock is treated as pre ...
At the Intersection - Canadian Construction Association
... Despite the recent stimulus splurge, we have actually been shortchanging investment in our public infrastructure for years. If we continue on this track, productivity gains will not be adequate to maintain our quality of life. ...
... Despite the recent stimulus splurge, we have actually been shortchanging investment in our public infrastructure for years. If we continue on this track, productivity gains will not be adequate to maintain our quality of life. ...
Interlinkages between Growth, Distribution and Re
... literature have taken up government spending on productive processes, like education, health and insurance, as non-distortionary re-distributive processes that are non-detrimental to growth. The effects of such re-distributive policies on growth have been examined further in the later sections of th ...
... literature have taken up government spending on productive processes, like education, health and insurance, as non-distortionary re-distributive processes that are non-detrimental to growth. The effects of such re-distributive policies on growth have been examined further in the later sections of th ...
Economic Stagnation and Stable Growth: The Persistence and
... under different economic growth regimes. Modernisation theory implies that political democratisation is more efficient and sustainable for rich nations, whereas institutional primacy theory shows the need for institutional change in poor nations. However, neither of these theories explicitly determi ...
... under different economic growth regimes. Modernisation theory implies that political democratisation is more efficient and sustainable for rich nations, whereas institutional primacy theory shows the need for institutional change in poor nations. However, neither of these theories explicitly determi ...
Chapter 12: Production and Growth
... © 2012 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. ...
... © 2012 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. ...
Technology di¤usion and increasing income inequality
... table shows the changes in ratios observed in the data. The …rst one corresponds to the increase in consumption inequality. The consumption data categorized according to the income classes are only available through the interviews collected in Consumer Expenditure Survey’s (CES). Analyzes based on t ...
... table shows the changes in ratios observed in the data. The …rst one corresponds to the increase in consumption inequality. The consumption data categorized according to the income classes are only available through the interviews collected in Consumer Expenditure Survey’s (CES). Analyzes based on t ...
a knowledge economy approach for the development of countries
... Table IV.5. Effects of capital (investment), labor, and natural resources (agriculture, forestry, minerals, and oil) on per capita GDP......................................................................................... 129 Table IV.6. Panel data analysis of physical and intangibles factors .... ...
... Table IV.5. Effects of capital (investment), labor, and natural resources (agriculture, forestry, minerals, and oil) on per capita GDP......................................................................................... 129 Table IV.6. Panel data analysis of physical and intangibles factors .... ...
transnational corporations
... run. Whether or not technological progress is best described as exogenous to the world as a system, the role of FDI in diffusing technology (both hard and soft) to developing countries appears clear.2 Under either interpretation, technology created in the developed 2 The development literature does ...
... run. Whether or not technological progress is best described as exogenous to the world as a system, the role of FDI in diffusing technology (both hard and soft) to developing countries appears clear.2 Under either interpretation, technology created in the developed 2 The development literature does ...
Text - IMF
... lower productivity (Chapter 2).1 For its part, China faces its own productivity challenges with the rebalancing of the economy. In other economies in the region, productivity spillovers are more pertinent: productivity developments at home tend to be influenced by those elsewhere. The prospect of lo ...
... lower productivity (Chapter 2).1 For its part, China faces its own productivity challenges with the rebalancing of the economy. In other economies in the region, productivity spillovers are more pertinent: productivity developments at home tend to be influenced by those elsewhere. The prospect of lo ...
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: International Aspects of Fiscal Policies
... to taxes levied on capital within the home country, regardless of its ownership. The tax on corporate income is an example of an investment tax. In closed economies, it is clear that there is no important difference between savings and investment taxes. But in open economies, where capital flows are ...
... to taxes levied on capital within the home country, regardless of its ownership. The tax on corporate income is an example of an investment tax. In closed economies, it is clear that there is no important difference between savings and investment taxes. But in open economies, where capital flows are ...
Accepted Manuscript
... way of circumventing them --, introduce costly microeconomic distortions and encourage corruption.2 What makes the debate on capital controls particularly interesting is that some of the critics of free capital mobility in the emerging countries are authors that have been staunch supporters of free ...
... way of circumventing them --, introduce costly microeconomic distortions and encourage corruption.2 What makes the debate on capital controls particularly interesting is that some of the critics of free capital mobility in the emerging countries are authors that have been staunch supporters of free ...
Is it the income distribution or redistribution that affects growth
... equality of human beings. Rawls (1971), for example, argues that societies should have ‘fair equality of opportunities’, enabling every citizen to pursue personal goals, not limited beforehand by financial constraints. In addition, the objective of limiting inequality can be linked to the provision ...
... equality of human beings. Rawls (1971), for example, argues that societies should have ‘fair equality of opportunities’, enabling every citizen to pursue personal goals, not limited beforehand by financial constraints. In addition, the objective of limiting inequality can be linked to the provision ...
Nuovo decreto del ministro concernete modifiche al
... (5) openness less beneficial for poor countries than previous interval (6) investment rates and demography matter more than before (7) education begins to matter in this interval ...
... (5) openness less beneficial for poor countries than previous interval (6) investment rates and demography matter more than before (7) education begins to matter in this interval ...
Development - Western Washington University
... 1. This theory assumes Growth Poles are a natural evolution of world economies 2. Assumes that they are episodic and ...
... 1. This theory assumes Growth Poles are a natural evolution of world economies 2. Assumes that they are episodic and ...
The weakness of business investment in the
... its current level is compared with its pre-crisis one, it is apparent that this is the component of investment that fell least.4 However, as mentioned, this article focuses on non-residential private investment (i.e. business investment), which is the largest component of investment (accounting for ...
... its current level is compared with its pre-crisis one, it is apparent that this is the component of investment that fell least.4 However, as mentioned, this article focuses on non-residential private investment (i.e. business investment), which is the largest component of investment (accounting for ...
The effects of inequality on growth: a survey of the
... income inequality noticeably reduces the future growth rate because of the positive effect of inequality on the overall rate of fertility. The second interest of this approach is that it expands the argumentation previously presented by integrating a new dimension in the decision carried out by the ...
... income inequality noticeably reduces the future growth rate because of the positive effect of inequality on the overall rate of fertility. The second interest of this approach is that it expands the argumentation previously presented by integrating a new dimension in the decision carried out by the ...
Uneven and combined development
Uneven and combined development (or unequal and combined development) is a Marxist concept to describe the overall dynamics of human history. It was originally used by the Russian revolutionary Leon Trotsky around the turn of the 20th century, when he was analyzing the developmental possibilities that existed for the economy and civilization in the Russian empire, and the likely future of the Tsarist regime in Russia. It was the basis of his political strategy of permanent revolution, which implied a rejection of the idea that a human society inevitably developed through a uni-linear sequence of necessary ""stages"". Trotsky's ideas matured under the influence of Georg Vollmar's study of a possibility of socialism in one country, as well as John Hobson, Rudolf Hilferding and Vladimir Lenin's studies of imperialism. Also before Trotsky, Nikolay Chernyshevsky and Vasily Vorontsov proposed a similar idea. The concept is still used today by Trotskyists and other Marxists concerned with world politics.