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Data on physical capital are an indispensable part of economic growth and efficiency studies. In the case of China, economy-wide fixed asset series are usually derived by aggregating gross fixed capital formation (net of depreciation) over time, and sectoral/ownership-specific series by...
Persistent link: https://www.econbiz.de/10005412585
grounds then we conclude that, for a precise estimation of the adverse impact of inflation on total factor productivity growth …
Persistent link: https://www.econbiz.de/10005412823
This paper proposes a “before-and-after” approach to empirical examination of the relationship between democracy and … evidence indicates that an improvement in growth performance typically follows the transformation to democracy. Moreover …, growth under democracy appears to be more stable than under authoritarian regimes. Interestingly, wealthy countries often …
Persistent link: https://www.econbiz.de/10005126257
, this missing parameter hypothesizes that Frisch's 'rocking-horse theory' of the business cycle is an inaccurate description …
Persistent link: https://www.econbiz.de/10005076708
(This abstract and the paper are in Turkish.) Ekonomik krizler; herhangi bir mal, hizmet, uretim faktoru veya doviz piyasasindaki fiyat ve/veya miktarlarda, kabul edilebilir bir degisme sinirinin otesinde gerceklesen siddetli dalgalanmalar olarak tanimlanabilir. Soz konusu krizlerin ortaya...
Persistent link: https://www.econbiz.de/10005126199
Most studies that emphasize and encourage the shift towards a less regulated and financially open system rest on the premise of a prosperous growth prospect. Accordingly, interests have focused on growth models as a framework to understand and to analyze the effects of economic freedom. In this...
Persistent link: https://www.econbiz.de/10005561221
inflation to productivity. On these grounds we conclude that for a precise estimation of the relationship under consideration it …
Persistent link: https://www.econbiz.de/10005126201
a theory which links the institutional framework to the long-run composition of the economy, and thereby to measured TFP … TFP can be attributed to the composition of output. Estimation exercises suggest that recent findings of a conducive effect …
Persistent link: https://www.econbiz.de/10005126217
We use two methodologies, the least square dummy variables approach and the dynamic factor models, to decompose the labor productivity growth rate for a large sample of countries into common, i.e. global, and idiosyncratic, i.e. country, components. We find that country specific effects are much...
Persistent link: https://www.econbiz.de/10005126394
Reexamining foreign direct investment (FDI) as a potential channel for knowledge diffusion -- based on industry data from seventeen OECD countries during the period 1973-2000 -- we find that FDI-receiving countries benefit strongly from FDI-related knowledge spillovers. We do not find evidence...
Persistent link: https://www.econbiz.de/10005412744