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"Are natural resources a blessing or a curse? Bravo-Ortega and De Gregorio present a model in which natural resources have a positive effect on the level of income and a negative effect on its growth rate. The positive and permanent effect on income implies a welfare gain. There is a growth...
Persistent link: https://www.econbiz.de/10010522714
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encompass a very broad agenda, but in Poland's case such a challenge boils down to the objective of reducing the convergence …
Persistent link: https://www.econbiz.de/10012550676
-term growth and convergence require sustained increases in labor productivity and investments in human capital. Short … the recovery in the short-term and to promote the foundation for medium-term economic growth and convergence. Looking at … labor productivity that Bulgaria needs to accelerate growth and convergence. In satisfying the growing demand for skilled …
Persistent link: https://www.econbiz.de/10012557416
In the most general sense, convergence is the integration of any traditionally segmented areas of communications … systems. Convergence is happening today in Egypt, and is driven by the growth of digital media and packet data communication …. In specific terms, it is essential that the Government of Egypt should create the environment in which convergence can …
Persistent link: https://www.econbiz.de/10012557547
Bulgaria's entry into the EU Single Market raises new opportunities and new risks for the national economy. As shown in the rest of Europe, a program of regulatory reform offers an effective strategy for managing the risks of more intense competition while preparing Bulgarian companies to...
Persistent link: https://www.econbiz.de/10012557776
Lithuania's long-term economic strategy aims at building the foundations for achieving rapid convergence with Western …
Persistent link: https://www.econbiz.de/10012558774
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The exposure of African financial sectors to global risks, including the likely fall-out of the on-going European debt crisis, continues to be limited. African financial sectors have received much recognition for their steady growth performance and resilience during and after the 2008 global...
Persistent link: https://www.econbiz.de/10012557855
"The author presents evidence that balance sheet effects are critical determinants of both the likelihood of a crisis and of income losses following a crisis. She tests the validity of "insurance" and "liquidity" models of currency crisis. Both models predict that the occurrence of a balance of...
Persistent link: https://www.econbiz.de/10010522552