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Eastern Enlargement of the EU: Jobs, Investment and Welfare in Present Member Countries

Heijdra, Ben J.; Keuschnigg, Christian; Kohler, Wilhelm - CESifo - 2002

Eastern enlargement of the EU promises gains, but also imposes fiscal costs on incumbent countries. A sensitive issue concerns immigration, jobs and wages. We address these issues in a general equilibrium framework, both analytically and through numerical simulations. Analytical results identify...

Persistent link: https://www.econbiz.de/10005051580

The Changing Macroeconomic Response to Stock Market Volatility Shocks

Beetsma, Roel; Giuliodori, Massimo - CESifo - 2011

. Further, while during earlier parts of our sample both a slowdown in consumption and investment growth contribute to a … reduction of GDP growth, during later parts, only the investment reaction contributes to the GDP slowdown. A variance … to later parts of the sample, while the corresponding decomposition for investment growth reveals an increase in the role …

Persistent link: https://www.econbiz.de/10009371360

Infrastructure and Growth: Empirical Evidence

Egert, Balazs; Kozluk, Tomasz; Sutherland, Douglas - CESifo - 2009

Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure … investment can have a positive effect on growth that goes beyond the effect of the capital stock because of economies of scale … between infrastructure and economic growth. Time-series results reveal a positive impact of infrastructure investment on …

Persistent link: https://www.econbiz.de/10005013038

ó: The Long And Short Of It

Chirinko, Robert S. - CESifo - 2008

Research on the elasticity of substitution between capital and labor - σ - has been proceeding for 75 years. While there is clearly a strong case for the importance of σ in the analysis of growth and other economic issues, much less agreement exists on the value of σ. This paper offers some...

Persistent link: https://www.econbiz.de/10005405746

Making Judges Independent – Some Proposals Regarding the Judiciary

Feld, Lars P.; Voigt, Stefan - CESifo - 2004

It is argued that an independent judiciary is a necessary condition for both individual liberty and economic prosperity. After having surveyed the literature dealing with how to arrange for an independent judiciary, the authors derive some additional policy implications by drawing on two...

Persistent link: https://www.econbiz.de/10005405779

Economic Growth and Subjective Well-Being: Reassessing the Easterlin Paradox

Stevenson, Betsey; Wolfers, Justin - CESifo - 2008

The “Easterlin paradox” suggests that there is no link between a society’s economic development and its average level of happiness. We re-assess this paradox analyzing multiple rich datasets spanning many decades. Using recent data on a broader array of countries, we establish a clear...

Persistent link: https://www.econbiz.de/10005405873

Socio-Political Conflict and Economic Performance in Bolivia

Evia, Jose-Luis; Laserna, Roberto; Skaperdas, Stergios - CESifo - 2008

away from production, tends to reduce investment and could therefore reduce economic growth. We first review the … trade – and economic growth that is due to productive investment. Growth due to external factors tends to be positively … related to conflict, whereas growth due to productive investment should be negatively related to conflict. Finally, we discuss …

Persistent link: https://www.econbiz.de/10005405932

Political Regime Change, Economic Reform and Growth Accelerations

Jong-A-Pin, Richard; Haan, Jakob de - CESifo - 2007

Using an improved definition and indicator of growth accelerations, we examine whether political regimes, regime changes, and economic reform are related to growth accelerations. Our results show that economic growth accelerations are preceded by economic reforms. Furthermore, we find that...

Persistent link: https://www.econbiz.de/10005406021

Should Green Governments Give Priority to Environmental Policies over Growth-Enhancing Policies?

Economides, George; Philippopoulos, Apostolis - CESifo - 2005

allocation of collected tax revenues between public investment and environmental policy) to solve a Ramsey-type policy problem …

Persistent link: https://www.econbiz.de/10005406040

Growing Apart? A Tale of Two Republics: Estonia and Georgia

Gylfason, Thorvaldur; Hochreiter, Eduard - CESifo - 2007

We compare and contrast the economic growth performance of Estonia and Georgia since the collapse of the Soviet Union in 1991 in an attempt to understand better the extent to which the growth differential between the two countries can be traced to increased efficiency in the use of capital and...

Persistent link: https://www.econbiz.de/10005406105