Showing 1 - 10 of 96
This paper reviews some reasons why natural resource abundance and extensive agriculture appear to impede economic growth around the world. The paper presents empirical, cross-sectional evidence of various aspects of this relationship in the transition economies in Central and Eastern Europe and...
Persistent link: https://www.econbiz.de/10005555991
Kazakhstan’s economy has been driven by an oilboom since the discovery of large new oilfields coincided with the upturn of world oil prices after 1998. This paper uses national household expenditure survey data to examine whether Kazakhstan’s experience supports a curse or a blessing...
Persistent link: https://www.econbiz.de/10005118715
Nigeria is going through a difficult political and economic transition after decades of independence.Yet, Nigeria remains a society rich in cultural, linguistic, religious, ethnic and political diversity. Today, the average Nigerian struggles hard to make ends meet; sees himself or herself as...
Persistent link: https://www.econbiz.de/10005076578
Genuine saving measures net investment in produced, natural and human capital. It is a necessary condition for weak …
Persistent link: https://www.econbiz.de/10005062454
This paper develops a simple and practical framework for characterizing (long-run) economic growth and fluid capital …) output/capital ratio via capital stock (balance sheet) adjustments and intensities, (b) value added stream of income via … of the feasible accumulation of capital investment (sources and uses of funds statement). The model is simple - it is …
Persistent link: https://www.econbiz.de/10005408266
country makes in produced, natural and human capital less depreciation. Maintaining this net level of investment above zero is …
Persistent link: https://www.econbiz.de/10005556036
NIGERIA IS GOING THROUGH A DIFFICULT POLITICAL AND ECONOMIC TRANSITION AFTER FORTY YEARS OF INDEPENDENCE. YET, NIGERIA REMAINS A SOCIETY RICH IN CULTURAL, LINGUISTIC, RELIGIOUS, ETHNIC AND POLITICAL DIVERSITY. TODAY, THE AVERAGE NIGERIAN STRUGGLES HARD TO MAKE ENDS MEET; SEES HIMSELF OR HERSELF...
Persistent link: https://www.econbiz.de/10005118720
The paper presents a structural model framework for a small open economy. The model, based on optimising households and firms, has been calibrated on Czech macroeconomic data in order to develop an analytic framework suitable for analysing key policy questions related to the Czech Republic’s...
Persistent link: https://www.econbiz.de/10005076689
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
New Keynesian models of the business cycle have become the new paradigm of monetary economics, often used for policy analysis. This paper shows that this class of models fail in one crucial respect: they imply a strong negative contemporaneous correlation between inflation and output....
Persistent link: https://www.econbiz.de/10005126399