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A numerical approach to fiscal policy, unemployment, and growth in Europe
Daveri, Francesco; Maffezzoli, Marco - EconWPA - 2000
We calibrate an infinite-horizon model with endogenous growth and unemployment on actual data from the largest countries in the European Union. Two types of balanced-budget fiscal policy experiments are studied. First, the effects of separately changing the tax rates on capital, labor and...
Persistent link: https://www.econbiz.de/10005412655
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Adjustment Costs in a Two-Capital Growth Model
Duczynski, Petr - EconWPA - 2001
The paper analyzes the convergence dynamics of a log-linearized open- economy neoclassical growth model under the assumptions of large adjustment costs for human capital investment, moderate adjustment costs for physical capital investment, and perfect capital mobility. The model can be...
Persistent link: https://www.econbiz.de/10005412690
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Privatization in Sub-Saharan Africa: Some Lessons from Experiences to Date
Buchs, Thierry - EconWPA - 2005
in privatization transactions despite some showcase transactions; fifth, regulation and competition have often been …Privatization became a central element of economic reforms in most countries in Sub-Saharan Africa during the 1990s …. Yet, empirical evidence regarding the impact of privatization remains scarce. Since the seminal work of CAMPBELL …
Persistent link: https://www.econbiz.de/10005413292
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Do public sector reforms get rusty? An empirical analysis on privatization of solid waste collection
Bel, Germa; Costas, Anton - EconWPA - 2004
concentration and bidding competition decrease in the privatized sector may have outweighed eventual gains coming from privatization …. On the other hand, the threat that privatization may represent for public unit managers may have stimulated them to … recent privatization are associated with lower costs. Instead, old privatization is not associated with lower costs. …
Persistent link: https://www.econbiz.de/10005125882
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Sviluppo e riforme in Cile: apertura commerciale, fondi pensione e privatizzazione dei servizi/REFORMS AND DEVELOPMENT IN CHILE: Macro considerations on Int'l Trade, Pension Funds...
Panizza, Andrea de - EconWPA - 2003
This paper examines the growth pattern followed by the Chilean economy with reference to the macroeconomic reforms undertaken during the Pinochet regime, which were largely maintained by successive democratic administrations and partially reproduced by neighbouring countries. The focus is on the...
Persistent link: https://www.econbiz.de/10005126348
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Foreign Direct Investment and Economic Growth in Bolivia, 1990- 1998
Flexner, Nikolai - EconWPA - 2003
This paper employs ordinary least squares (OLS) estimation to examine the determinants of foreign direct investment (FDI) and the effect of FDI on per capita GDP growth in Bolivia over the period 1990:1-1998:4. The regression results find that the real effective multilateral exchange rate, the...
Persistent link: https://www.econbiz.de/10005561297
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A Proposal to Promote Local Competition: The LoopCo Plan
Morris, Roy - EconWPA - 1998
The LoopCo Plan, which uses market mechanisms to promote competition, is the best approach to restructuring the …
Persistent link: https://www.econbiz.de/10005126025
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Entrepreneurial Efficiency
Takii, Katsuya - EconWPA - 2004
This paper examines a particular aspect of entrepreneurship, namely firms' ability to respond appropriately to unexpected changes in the environment (i.e., their adaptability). An increase in firms' adaptability improves allocative efficiency in a competitive economy, but can reduce it when...
Persistent link: https://www.econbiz.de/10005125013
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Economia sintetica
Vildosola, Luis - EconWPA - 1998
Theoretical study identifying one modality with conditions necesary for the financial stabilization of an inherently unstable system; and 5040 other unstable dynamic modes. It draws on knowledge made available by the academic field of Control Engineering.
Persistent link: https://www.econbiz.de/10005125628
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KALECKI'S THEORY OF INCOME DETERMINATION: A RECONSTRUCTION AND AN ASSESSMENT
Chilosi, Alberto - EconWPA - 2003
The paper considers the legacy for modern macroeconomics of Kalecki’s theory of income determination. The latter is …
Persistent link: https://www.econbiz.de/10005126093