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usually supported by strong economic growth. On the second extreme, we identify fiscally irresponsible central European … with the Stability and Growth Pact and later with recent reform efforts.Our key finding concerning the behaviour of the …
Persistent link: https://www.econbiz.de/10005766186
policy whereby NMS must comply with the Stability and Growth Pact (SGP) rules. Indeed, six out of the ten NMS have breached … efforts and responsible fiscal policy-making, supported usually by strong economic growth. In this context, room is given to …
Persistent link: https://www.econbiz.de/10005094350
the EU’s Stability and Growth Pact, suffer from the same endogeneity flaw. Consequently, we argue that a fiscal rule must …
Persistent link: https://www.econbiz.de/10005406098
Over the last two decades in OECD countries an increasing number of firms are obtaining certification as Socially Responsible (CSR is the acronym for Corporate Social Responsibility). Several studies (including Preston and O’Bannon, 1997; Waddock and Graves, 1997; McWilliams and Sieger, 2001; Ullman,...
Persistent link: https://www.econbiz.de/10010603761
include an additional dimension of public policy, namely education funding. Indeed, the productivity growth of future workers …
Persistent link: https://www.econbiz.de/10005181262
that growth can be enhanced by the introduction of pay-as-you-go pensions even if the growth rate of aggregate wages falls … redistributive. This means that if a flat benefit PAYG pension system is in place then the economy will achieve the highest growth …
Persistent link: https://www.econbiz.de/10005181440
Over the last two decades in OECD countries an increasing number of firms are obtaining certification as Socially Responsible (CSR is the acronym for Corporate Social Responsibility). Several studies (including Preston and O’Bannon, 1997; Waddock and Graves, 1997; McWilliams and Sieger, 2001; Ullman,...
Persistent link: https://www.econbiz.de/10010561652