Showing 1 - 10 of 554
. Rather than being a key condition for subsequent growth, gains in market efficiency and growth might have occurred … simultaneously. We discuss the implications of these findings for a number of explanations for long-run growth and the Industrial …
Persistent link: https://www.econbiz.de/10005114184
Both the euro-area and the United States suffered an initially quite similar housing and financial shock in 2007/8, with several states in both regions being particularly badly affected. Yet there was never any question that the worst hit US states would need a special bail-out or leave the...
Persistent link: https://www.econbiz.de/10011083896
This paper explores the implications of Unified Growth Theory for the origins of existing differences in income per … factors that have governed the pace of the transition from stagnation to growth and have thus contributed to contemporary … variation in economic development. It uncovers the forces that have sparked the emergence of multiple growth regimes and …
Persistent link: https://www.econbiz.de/10008577814
, unemployment and productivity growth. This paper brings together available evidence in an attempt to evaluate the welfare effects …
Persistent link: https://www.econbiz.de/10005666488
develop a simple descriptive growth model which allows for factor accumulation, technological diffusion and rate effects from …
Persistent link: https://www.econbiz.de/10005667004
This paper explores the sources of Ireland’s relative growth performance. Using panel data for a sample of OECD … countries, we estimate a convergence equation and use it to conduct a growth accounting exercise which provides quantitative … estimates of the immediate sources of Ireland’s growth differential vis-à-vis the OECD average and the other ‘cohesion …
Persistent link: https://www.econbiz.de/10005792268
This paper uses a comparative and historical framework to evaluate the growth performance of the West German economy … from the beginning of the post-war period in 1945 to the reunification of Germany in 1990. Cross-country growth equations … that German growth in the 1950s was exceptional. It cannot be fully explained by the growth of factor inputs and the …
Persistent link: https://www.econbiz.de/10005498051
In recent years the growth pattern of most Southern European countries has been disturbed, as those countries are … model of market and political power interactions that explains this growth reversal. Moreover, the model is consistent with … output growth. The model is a synthesis of the insiders-outsiders labor market structure and the concept of an elite …
Persistent link: https://www.econbiz.de/10011145445
the accumulation of public and foreign debts as well as relatively low overall growth - features that characterize the … exit from the crisis and the resumption of growth. …
Persistent link: https://www.econbiz.de/10011083245
conditional growth rate, in a representative panel of developed economies. This paper develops a simple neoclassical growth model … goods. This is the above mentioned political system complementarity. Whether, steady state output and growth towards the …
Persistent link: https://www.econbiz.de/10011084192