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the Economic Growth of Greece. Under specific hypotheses, we use the standard neoclassical growth theory model of Ramsey … – Cass – Koopmans. For a period of 2000 till 2006, the estimated results show that Greece faces a significant divestment on …
Persistent link: https://www.econbiz.de/10011260317
In the last 30 years, Greece has experienced a rapid rate of economic growth which has transformed the economy and … enabled it to become a member of the EEC. Specifically, Greece transformed itself from an agricultural economy with virtually … model and test its relevance to the economic experience of Greece during the 1967-1988 period. The empirical results suggest …
Persistent link: https://www.econbiz.de/10011112338
Roefie Hueting (1929), recently turned 78 years of age, has been working on the subject of economics and the environment since around 1965. Seminal results are his notion of environmental functions (WWF, 1969), his Ph.D. thesis “New Scarcity and Economic Growth. More welfare through less...
Persistent link: https://www.econbiz.de/10005836132
The paper analyses the dynamic interaction between the public sector expenditure and national income in India for the period 1960-61 to 1996-97. It finds a stable long-run relationship between public sector expenditure and national income in India, with the causality running strictly from the...
Persistent link: https://www.econbiz.de/10011107579
The study seeks to investigate empirically the direction and shape of causality among trade openness, investment and economic growth using data for Bangladesh during the period 1980-2006. Although in most cases, statistically reliable evidence of cointegration is sufficient to testify the...
Persistent link: https://www.econbiz.de/10009401344
Tinbergen & Hueting (1991) provide an approach to the economics of ecological survival that still is unsurpassed. Various “green GDPs” have been proposed such as ISEW, Ecological Footprint, Genuine Savings and Genuine Progress Indicator, and lately there is an increased interest in happiness...
Persistent link: https://www.econbiz.de/10005789764
The Stern Review (2006) on the economics of climate change presented a cost estimate of perhaps even 20% of national income and subsequently was criticized by Weitzman and Nordhaus and others in a discussion that centered on the use of the calculus of variations and the choice of the proper rate...
Persistent link: https://www.econbiz.de/10005620164
This article presents and critically evaluates the Greek sovereign defaults and puts them into historical perspective. More specifically, each of the four defaults of the Greek State (1827, 1843, 1893 and 1932) was not an isolated episode in the turbulent economic history of capitalism, but...
Persistent link: https://www.econbiz.de/10011259342
This paper combines dynamic input-output price models with Thirlwall’s extended model of balance of payments constrained growth to estimate the effect of a switch to drachma on domestic income. The findings suggest that a return to national currency would not necessarily deepen the recession,...
Persistent link: https://www.econbiz.de/10011259368
The economic crisis that inflicted Greece is international in character and its cause is in the decreasing …
Persistent link: https://www.econbiz.de/10011196420