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This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well … as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital … of trade growth enhances real output per capita, volatility exerts a negative impact on economic growth operating mainly …
Persistent link: https://www.econbiz.de/10014396933
of international tax harmonization. The analytical framework adopts the saving-investment balance approach to the … differences in saving and investment propensities …
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The global economy is undergoing a rapid digital transformation that is changing many conventional notions about our behavior and preferences. This includes the way in which we, as consumers, as businesses, or in interactions with government, seek out goods and services and pay for them or how...
Persistent link: https://www.econbiz.de/10013254877
Since 1978 the Chinese economy has grown on average more than 9 percenta year. Per capita income has nearly quadrupled in the past 15 years andsome analysts predict that within 20 years the Chinese economy will belarger than that of the United States. This pamphlet analyzes the reasonsfor the...
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