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Employment Growth, Inflation and Output Growth : Was Phillips Right? Evidence from a Dynamic Panel
Caporale, Guglielmo Maria - 2013
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output … causality tests. The empirical results strongly support the existence of a single cointegrating relationship between employment …
Persistent link: https://www.econbiz.de/10013092691
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Employment Growth, Inflation and Output Growth: Was Phillips Right? Evidence from a Dynamic Panel
Caporale, Guglielmo Maria; Škare, Marinko - CESifo - 2011
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output … causality tests. The empirical results strongly support the existence of a single cointegrating relationship between employment …
Persistent link: https://www.econbiz.de/10009144885
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Exchange Rate Uncertainty and Labour Market Adjustment under Fixed and Flexible Exchange Rates
Chen, Yu-Fu; Funke, Michael - CESifo - 2002
can choose between employment and overtime (given mandated standard hours). Contrary to this approach, we follow the real … rate regimes obey common employment adjustment thresholds. …
Persistent link: https://www.econbiz.de/10005766184
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Dynamics and Time Scope of Post War Recovery Required for Compensating Civil War Economic Losses
Nam, Chang Woon - 2013
Civil war is often caused by poverty, and further demolishes existing capital. Such a vicious circle is detrimental for economic development of countries experiencing civil war. Civil war may also contribute to creative destructions of traditional economic, social and political system, leading...
Persistent link: https://www.econbiz.de/10013077024
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Dynamics and Time Scope of Post War Recovery Required for Compensating Civil War Economic Losses
Nam, Chang Woon; Schumacher, Jan - CESifo - 2013
Civil war is often caused by poverty, and further demolishes existing capital. Such a vicious circle is detrimental for economic development of countries experiencing civil war. Civil war may also contribute to creative destructions of traditional economic, social and political system, leading...
Persistent link: https://www.econbiz.de/10010690376
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China's Investment Rate : Implications and Prospects
Holz, Carsten A. - 2017
For the past nearly forty years, China has experienced average annual real GDP growth of close to ten percent, much of it driven by investment and capital accumulation. By 2014, gross capital formation had reached 46 percent of aggregate expenditures. This paper documents the role of investment...
Persistent link: https://www.econbiz.de/10012953882
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The Changing Patterns of Investment in the PRC Economy
Holz, Carsten A. - 2017
The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and ultimately unsustainable. But largely unnoticed, a shift has taken place. This paper examines the changes in investment patterns since 2003 and the potential impact of industrial...
Persistent link: https://www.econbiz.de/10012953961
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Harnessing Windfall Revenues : Optimal Policies for Resource-Rich Developing Economies
van der Ploeg, Rick - 2009
A windfall of natural resource revenue (or foreign aid) faces government with choices of how to manage public debt, investment, and the distribution of funds for consumption, particularly if the windfall is both anticipated and temporary. We show that the permanent income hypothesis prescription...
Persistent link: https://www.econbiz.de/10012764524
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Resource Rents, Power, and Political Stability
Bjorvatn, Kjetil - 2014
We study the association between resource rents and political stability, highlighting the importance of the distribution of political power as a mediating factor. We present a simple theoretical model showing that increased rents are likely to be positively associated with the stability of a...
Persistent link: https://www.econbiz.de/10013054959
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Resource Rents, Power, and Political Stability
Bjorvatn, Kjetil; Farzanegan, Mohammad Reza - CESifo - 2014
We study the association between resource rents and political stability, highlighting the importance of the distribution of political power as a mediating factor. We present a simple theoretical model showing that increased rents are likely to be positively associated with the stability of a...
Persistent link: https://www.econbiz.de/10010756166