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Persistent link: https://www.econbiz.de/10001067220
A general equilibrium model featuring multiple realistic sources of financial frictions is developed to study how different constraints interact in equilibrium. We highlight, distinguish, and evaluate their differential impacts and rich interactions. The economic impact of financial inclusion...
Persistent link: https://www.econbiz.de/10013030631
The importance of investment in early childhood education (ECE) has been widely documented in the literature. Among the benefits, particularly for children from disadvantaged backgrounds, is its potential to mitigate educational inequality. However, some evidence also suggests that the positive...
Persistent link: https://www.econbiz.de/10014079643
The objective of this paper is to explain populist attitudes that are prevailing in a number of European democracies. Populist attitudes expectedly lead to social protests and populist votes. We capture the populist wave by relying not on voting behavior but rather on values that are...
Persistent link: https://www.econbiz.de/10012826060
We revisit Western Europe's record with labor-productivity convergence, and tentatively extrapolate its implications … for the future path of Eastern Europe. The poorer Western European countries caught up with the richer ones through both … Eastern Europe the employment share of agriculture is typically quite large, and agriculture is particularly unproductive …
Persistent link: https://www.econbiz.de/10013101075
We revisit Western Europe's record with labor-productivity convergence, and tentatively extrapolate its implications … for the future path of Eastern Europe. The poorer Western European countries caught up with the richer ones through both … Eastern Europe the employment share of agriculture is typically quite large, and agriculture is particularly unproductive …
Persistent link: https://www.econbiz.de/10012467642
This paper studies empirically the effect of education policies on human capital and per capita income. The results suggest for European and OECD countries that higher attendance at pre-primary education, greater autonomy of schools and universities, a lower student-to-teacher ratio, higher age...
Persistent link: https://www.econbiz.de/10013314766
The ageing of the population presents a major fiscal challenge for the countries of Europe. The combination of …
Persistent link: https://www.econbiz.de/10012465924
utilization. These novelties have a major impact, especially in Europe, where our estimated TFP growth series are less volatile …-level and aggregate TFP series, as well as the first estimates of utilization-adjusted quarterly TFP growth in Europe …
Persistent link: https://www.econbiz.de/10014091114
Economic growth and development have improved human health in many regions, while sub-Saharan Africa continues to lag behind. Economic theory and the existing empirical evidence suggest that development may not generate large reductions in the leading cause of adult mortality in the region,...
Persistent link: https://www.econbiz.de/10012911688