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internal Socio-Economic development target units, Pumping money and strengthening the defense of the assisted nation only …
Persistent link: https://www.econbiz.de/10005556940
market if it is profitable to do so. The economy evolves to a balanced growth path in which income, welfare, and the share of … restrictions will slow-down economic growth, while a decrease may give rise to a rapid catch-up process. The static costs of trade …
Persistent link: https://www.econbiz.de/10005561117
The effect of human capital on growth and development has been somewhat neglected in economic literature. However …. When compared to data, the model does well in explaining the rate of growth and the level of development (less robustly) as …, evidence has suggested the importance of engineering and technical skills to economic growth. Simultaneously, European …
Persistent link: https://www.econbiz.de/10005412820
Factor-endowment based trade with the leading economy helps to explain the differing development performances of the …-abundant East Asia traded more heavily with the U.S. and thus engineered faster growth than did land-abundant Latin America. Factor … the pre-WWII growth of Japan, Southeast Asia's growth in the 1970s and the 1980s, and its economic crisis in the mid-1990s. …
Persistent link: https://www.econbiz.de/10005062412
This paper surveys research on social capital. We explore the concepts that motivate the social capital literature, efforts to formally model social capital using economic theory, the econometrics of social capital, and empirical studies of the role of social capital in various socioeconomic...
Persistent link: https://www.econbiz.de/10005062449
it (Russia, Ukraine, Georgia, Turkey, Romania, Bulgaria) and presents the financial outlook and the foreign direct …
Persistent link: https://www.econbiz.de/10005118790
This article provides a detailed critical analysis of the economic policy implemented by the Algerian Governments between 1999 and 2002 (under the presidency of Abdelaziz Bouteflika), of its results, and of the advance of their structural reforms program. In this context, the social base of...
Persistent link: https://www.econbiz.de/10005556028
The Coasean way to deal with the cooperation failure that is implicit in Pareto inefficiency is to remove or lessen the obstacles to cooperation through the attribution of property rights and the elimination or reduction of transaction costs. The relevance of this approach is however undermined...
Persistent link: https://www.econbiz.de/10005560990
Perceptions of money do influence monetary policy, and monetary policy does have an impact on the functioning of the economy. For instance, a high interest rate policy usually entails high levels of bankruptcies and unemployment. Also, given a loss of confidence in the issuing authority...
Persistent link: https://www.econbiz.de/10005561103
We describe the relation between welfare growth and productivity growth. We argue that differences in productivity and … productivity growth between sectors or countries are irrelevant from a policy perspective. Specialisation is based on the … comparative advantages of countries. Since, by nature, some sectors witness higher productivity growth than others, so do …
Persistent link: https://www.econbiz.de/10005124907