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are total factor productivity, capital intensity (capital stock per hours worked), working time and employment rate. Over … countries, especially because of the surge in Total Factor Productivity (TFP) and in capital intensity. The main results of the … countries, mainly after WWII, relying mostly on capital intensity convergence and then on TFP convergence, while evolutions in …
Persistent link: https://www.econbiz.de/10011269009
account balance is the financial balance (i.e. the capital account plays a minor role in most countries). We investigate the …
Persistent link: https://www.econbiz.de/10009395381
In this paper we focus on cycles and trends of some macroeconomic and housing market variables representative of the French economy. In a first part, we empirically show that cycles in the housing sector, measured by housing prices, housing starts, building permits, sales or residential...
Persistent link: https://www.econbiz.de/10008503193
other frictions than distortionary taxation of labor and capital incomes and consumption. The second one introduces in …
Persistent link: https://www.econbiz.de/10008531415
This paper presents a revised version of the model OPTIM, proposed by Irac and Sédillot (2002), used at the Banque de France in order to predict French GDP quarterly growth rate, for the current and next quarters. The model is designed to be used on a monthly basis by integrating monthly...
Persistent link: https://www.econbiz.de/10005036218
Governments and central banks need to have an accurate and timely assessment of Gross Domestic Product's (GDP) growth rate for the current quarter, as this is essential for providing a reliable and early analysis of the current economic situation. This paper presents a series of models conceived...
Persistent link: https://www.econbiz.de/10010583706
Welfare economics shows how innovation and cost control are necessary to correct the negative externalities of production and consumption patterns to ensure a path of sustainable growth. When welfare economics describes the fundamentals of green growth, with innovation as a cornerstone for the...
Persistent link: https://www.econbiz.de/10010815957
driven by capital inflows, as they fear that an increase attracts even more capital and appreciates the currency. A number of …
Persistent link: https://www.econbiz.de/10010540385
Rapid credit growth in the EU new Member States, acceding and candidate countries has raised the issue of financial stability in the region. This rapid credit growth has been accompanied by the deterioration in the current account balance and the large-scale distribution of foreign currency...
Persistent link: https://www.econbiz.de/10009391779
The surge in capital inflows towards emerging countries after 2009 has revived the debate about capital controls. This … paper analyzes some of the international implications of restrictions on capital inflows. Focusing on a sample of Latin … the potential spillover effects that capital controls imposed in one country may have on neighboring economies. Using …
Persistent link: https://www.econbiz.de/10009399335