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of political freedoms versus economic development. This paper takes a new approach to provide an answer by using micro … personal characteristics, country and year fixed effects, more freedom and economic growth both reduce revolutionary support …. To reduce support by the same amount requires adding 14 percentage points on to the GDP growth rate. Being Muslim in a …
Persistent link: https://www.econbiz.de/10010928706
predicated via three sub-chains (i) from marketization to growth, (ii) from growth to overall material development welfare and … (iii) from material development to social welfare and democracy. We examine each of these sub-links in detail with a view …
Persistent link: https://www.econbiz.de/10011126279
, and using a two-sector growth model, I project the future growth rate of GDP per hour in the market sector to be 2.61% p ….a. But the financial crisis and the Great Recession which began in Spring 2008 have dealt this optimistic picture a … productivity but not necessarily on its long run growth rate. I therefore predict that the UK will eventually return to the growth …
Persistent link: https://www.econbiz.de/10011126541
productivity in the UK while leaving the long run growth rate unaffected. Based entirely on pre-crisis data, and using a two …-sector growth model, I project the future growth rate of GDP per hour in the market sector to be 2.61% p.a. Based on a cross …
Persistent link: https://www.econbiz.de/10011126620
Using the international investment regime as its point of departure, the paper applies notions of bounded rationality to the study of economic diplomacy. Through a multi-method approach, it shows that developing countries often ignored the risks of bilateral investment treaties (BITs) until they...
Persistent link: https://www.econbiz.de/10010745595
The net entry contribution to aggregate productivity growth has increased dramatically in the UK over 1990s according … might equally have been caused by a systematic bias that is introduced to growth decompositions through random survey … sampling of the underlying plant or firm panel datasets. This bias – despite being a general problem of growth decompositions …
Persistent link: https://www.econbiz.de/10010746177
This paper studies the impact of NAFTA on informality and real wages in Mexico. Using a dynamic industry model with firm heterogeneity, it is predicted that import tariff elimination could reduce the incidence of informality by making more profitable to some firms to enter the formal sector,...
Persistent link: https://www.econbiz.de/10010746201
We critically review the recent literature on currency unions, and discuss the methodological challenges posed by the empirical assessment of their costs and benefits. In the process, we provide evidence on the economic effects of the euro. In particular, and in contrast with estimates of the...
Persistent link: https://www.econbiz.de/10010746444
How big a boost to long run growth can countries expect from the ICT revolution? I use the results of growth accounting … and the insights from a two-sector growth model to answer this question. The use of a two-sector rather than a one … expected to fall in the future. According to the two-sector model, the main boost to growth comes from ICT use, not ICT …
Persistent link: https://www.econbiz.de/10010884516
This paper uses a model of growth and imperfect capital mobility across multiple economies to characterize the dynamics …
Persistent link: https://www.econbiz.de/10010928695