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human capital to China's economic growth. The results indicate that human capital plays a much more important role in China … enrollment in China increased nearly fivefold between 1997 and 2007) while growth rates of GDP are little changed over the period … that there have been decreased in the efficiency of inputs usage in China or worsened misallocation of physical and human …
Persistent link: https://www.econbiz.de/10012462065
The relative performance of China and India is compared using two different methods and they provide a very different …Using a two tailed- test we find that China does better than India for most of these indicators. For instance, China …. We also find that China usually has a lower CV, namely a more stable performance. But over the three decades the CV falls …
Persistent link: https://www.econbiz.de/10012459656
We examine the impact of the Great Depression on the share of votes for right-wing anti-system parties in elections in the 1920s and 1930s. We confirm the existence of a link between political extremism and economic hard times as captured by growth or contraction of the economy. What mattered...
Persistent link: https://www.econbiz.de/10012460788
What political legacy can we expect from the Coronavirus pandemic? Drawing evidence from past epidemics, we find that epidemic exposure in an individual's "impressionable years" (ages 18 to 25) has a persistent negative effect on confidence in political institutions and leaders, but not in other...
Persistent link: https://www.econbiz.de/10012481596
difficult to identify the mechanism by which the more pro-business policies of the government were translated to higher growth …We also find that the differences with East Asia and particularly China depend on the basis of the comparison. We … compare changes in performance since the reforms, which started in China in 1979 and in India in 1991. Such a comparison shows …
Persistent link: https://www.econbiz.de/10012459638
We ask whether Poland is at risk of the boom-bust problem that has afflicted economies around the time of euro adoption. Our answer, inevitably, is mixed. On the one hand the fact that Poland is an outlier, credit-growth wise, accentuates the danger of a boom if one believes in mean reversion....
Persistent link: https://www.econbiz.de/10012464209
The possibility that the euro area might break up was being raised even before the single currency existed. These scenarios were then lent new life five or six years on, when appreciation of the euro and problems of slow growth in various member states led politicians to blame the European...
Persistent link: https://www.econbiz.de/10012465257
We discuss business cycles in ancient China. Data on Ancient China business cycles are sparse and incomplete and so our … years for OECD countries and with major focus on the 1990's. Here we also probe material on Ancient China to see what is …
Persistent link: https://www.econbiz.de/10012456997
We describe in this essay why the gold standard and the euro are extreme forms of fixed exchange rates, and how these policies had their most potent effects in the worst peaceful economic periods in modern times. While we are lucky to have avoided another catastrophe like the Great Depression in...
Persistent link: https://www.econbiz.de/10012462453
Four explanations for secular stagnation are distinguished: a rise in global saving, slow population growth that makes investment less attractive, averse trends in technology and productivity growth, and a decline in the relative price of investment goods. A long view from economic history is...
Persistent link: https://www.econbiz.de/10012457830