Showing 1 - 10 of 417
rich followed a similar pattern, the result of wealth effects associated with a boom-bust in asset prices. Indeed, the … swings in saving by the rich must actually have played the most important role in the consumption boom-bust, since since the … top 10 percent account for almost half of income and two-thirds of wealth. In other words, the rich played a critical role …
Persistent link: https://www.econbiz.de/10011105398
large between 1996 and 2000 and undoubtedly contributed strongly to the exceptional employment performance during that …
Persistent link: https://www.econbiz.de/10005768837
Our proposal draws on the premise that the availability of stable demand deposits for bank lending, in the process of which inside money is created, does not require any act of intentional saving. The mechanism allowing banks to lend deposits does not function well in low-income countries, owing...
Persistent link: https://www.econbiz.de/10005599573
Using panel data for 15 industrial countries, active labor market policies (ALMPs) are shown to have raised employment … variables. Among such policies, direct subsidies to job creation were the most effective. ALMPs also affected employment rates …
Persistent link: https://www.econbiz.de/10005604960
China’s high corporate savings rate is commonly claimed to be a key driver for the country’s large current account surplus. The mainstream explanation for high corporate savings is a combination of windfall profits in state-owned firms, especially in resource sectors, and...
Persistent link: https://www.econbiz.de/10008777019
for private enterprise and sectoral strategies; and poverty reduction and social protection programs. Economic growth in …
Persistent link: https://www.econbiz.de/10011244873
The growth rate of agriculture in Cameroon was estimated at 3.3 percent in 2006, compared with 2.7 percent in 2005. This is owing to increased activity in the food agriculture sector (4.3 percent) and in forestry and logging (4.0 percent). Livestock farming and fisheries, on the one hand, grew...
Persistent link: https://www.econbiz.de/10011245018
The Kingdom of Lesotho’s Poverty Reduction Strategy Paper reports that consistent implementation of sound … macroeconomic policies is critical to the attainment of poverty reduction objectives. At the central level, the authorities … capacity at the beginning, made a significant contribution to the preparation of the Poverty Reduction Strategy. …
Persistent link: https://www.econbiz.de/10011245212
This paper reviews Mongolia’s Economic Growth Support Poverty Reduction Strategy (EGSPRS) Implementation Progress …
Persistent link: https://www.econbiz.de/10005825244
and the distribution of wealth matter for the migration decision, and costs of backmigration may produce an urban poverty …The coexistence of urban and rural poverty and migration to cities is studied in a dual economy model where the … trap if unemployment lowers household wealth below the cost of skills acquisition. …
Persistent link: https://www.econbiz.de/10005826021