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This study analyses the impact of economic catching-up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe. Using an array of estimation methods, we show that the Balassa-Samuelson effect is not an important driver of...
Persistent link: https://www.econbiz.de/10008461038
In 1999, new monetary policy regimes were adopted in Brazil, Chile, Colombia and Mexico, combining inflation targeting with floating exchange rates. These regime changes have been accompanied by lower volatility in the monetary stance in Brazil, Colombia and Mexico, despite higher inflation...
Persistent link: https://www.econbiz.de/10005046178
will encourage both investment in new capacity and greater efficiency of both production and consumption. The overall …
Persistent link: https://www.econbiz.de/10005046119
and regulatory functions, and maintains tight control over the sector’s infrastructure and over information flows within … commerciales et de réglementation, et contrôle étroitement aussi bien l’infrastructure que les flux d’information à l’intérieur du …
Persistent link: https://www.econbiz.de/10005046214
decade, alongside a successful strategy of attracting foreign investment. Broad statistical measures show no signs of …
Persistent link: https://www.econbiz.de/10005045724
. For the four countries that are members of the OECD (Czech Republic, Hungary, Poland and Slovak Republic), accession …
Persistent link: https://www.econbiz.de/10005045850
development. Weaknesses in the regulatory framework, infrastructure bottlenecks and poor governance continue to weigh down on … investment. Policies have been put in place to address these problems, but much remains to be done. An important recent … initiative is the enactment of the Investment Law in 2007, which strengthened the foreign investment regime. This paper argues …
Persistent link: https://www.econbiz.de/10005045842
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
on capital deepening and technical progress by examining the impact of regulations on investment (domestic and foreign …-competitive reforms tend to increase both investment and multifactor productivity and, through both these channels, they can lead to …
Persistent link: https://www.econbiz.de/10005046110
drivers of prosperity – investment, skills and ideas – to New Zealand. The reforms of the 1980s and 1990s laid much of the … paper, namely international trade, the business climate for domestic and foreign investment, public sector efficiency …, infrastructure, innovation and natural resources management. This paper also evaluates the recently legislated emissions trading …
Persistent link: https://www.econbiz.de/10005046189