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has any effect on growth. We close by noting that recent attempts at integration have very different starting points and …
Persistent link: https://www.econbiz.de/10005497701
This paper deals with the effects of European integration in the EC and EFTA on economic growth. Base regressions … suggest that EC and EFTA memberships do in fact have a positive and significant effect on economic growth, and that there is … only affect resource allocation, but also long-run growth rates. This conclusion is strengthened by the fact that we obtain …
Persistent link: https://www.econbiz.de/10005789045
This paper argues that the application of the `2% rule' to the case of Eastern Germany, which implies convergence in three decades or more, is overly pessimistic. First, it ignores discrete improvements in initial conditions related to the transition, which have been significant to date. Because...
Persistent link: https://www.econbiz.de/10005792325
towards investment in education and growth in output per capita, a significant portion of the gains from trade in non …-industrial nations was channelled towards population growth. …
Persistent link: https://www.econbiz.de/10005124051
sustained differences in population growth and income levels across countries. In industrial economies international trade …
Persistent link: https://www.econbiz.de/10005136437
output and achieve growth through extreme specialization in response to shifting comparative advantage. …
Persistent link: https://www.econbiz.de/10005497925
gains from trade have been directed towards investment in education and growth in income per capita, whereas a significant … portion of these gains in less developed economies have been channelled towards population growth. Cross-country regressions …
Persistent link: https://www.econbiz.de/10005114289
trade in explaining British living standards or growth rates. We construct a three-region model of the world in which … contrast is robust to a large range of parameter perturbations. Biased technological change and population growth were key in …
Persistent link: https://www.econbiz.de/10011083876
According to the Washington Consensus, developing countries’ growth would benefit from a reduction in tariffs and other … barriers to trade. But a backlash against this view now suggests that trade policies have little or no impact on growth. If … treatment, liberalizing tariffs on imported capital and intermediate goods, did lead to faster GDP growth, and by a margin …
Persistent link: https://www.econbiz.de/10005666812
the context of two partial equilibrium endogenous growth models. In our first model, the scale of fickle outside … investment funds traces out a mean-variance tradeoff for the growth rate of the economy. In particular, the volatility of these … regulation of outside investment may increase growth. Our second model involves increasing returns and multiple equilibria. In …
Persistent link: https://www.econbiz.de/10005661544