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as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital …
Persistent link: https://www.econbiz.de/10014396933
This paper examines the behavior of business fixed investment in the United States in the 1980s. A background … discussion of the long-term behavior of the components of business fixed investment is provided, setting the context for the … empirical analysis. A standard neoclassical model of business fixed investment is specified and estimated, with output and the …
Persistent link: https://www.econbiz.de/10014396320
investment, privatize public enterprises, and deregulate services, particularly in the transportation and communication sectors …
Persistent link: https://www.econbiz.de/10014397644
In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate...
Persistent link: https://www.econbiz.de/10014402215
increase in protectionist pressures, and the disappointing performance of world trade, renewed concern has been expressed about …
Persistent link: https://www.econbiz.de/10014406218
, reserves, capital flows, and external balance sheets of the world's largest economies. The 2018 edition includes an analytical …
Persistent link: https://www.econbiz.de/10014408937
The past few decades have seen important shifts that have reshaped the global trade landscape. As a share of global output, trade is now at almost three times the level in the early 1950s, in large part driven by the integration of rapidly growing emerging market economies (EMEs). The expansion...
Persistent link: https://www.econbiz.de/10014410225
Efforts to liberalize world trade are increasingly focusing on strengthening the links between low-income countries … developing countries to choose fuller participation in the world trading system …
Persistent link: https://www.econbiz.de/10014411036
change in protection at home and then abroad is analyzed, assuming that the exchange rate floats. The “savings-and-investment …, the effect on savings and investment is brought about by the reduction in absorption that is required to maintain internal …
Persistent link: https://www.econbiz.de/10014396105
closer integration of world capital markets. By reducing constraints on international capital flows, this movement makes the …
Persistent link: https://www.econbiz.de/10014395900