Showing 1 - 10 of 1,796
Persistent link: https://www.econbiz.de/10003624878
We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through changes in consumer and producer prices that in turn stimulate or impede physical capital accumulation. At the same time, growth affects trade, directly through changes in...
Persistent link: https://www.econbiz.de/10011298529
This paper analyzes the channels through which financial crises exert long-term negative effects on output. Recent models suggest that a shortfall in productivity-enhancing investments temporarily slows technological progress, creating a gap between pre-crisis trend and actual GDP. This...
Persistent link: https://www.econbiz.de/10011573282
We investigate the empirical impact of violence as compared to other trade impediments on trade flows. Our analysis is …
Persistent link: https://www.econbiz.de/10011449640
This paper quantifies how much of violent crime in society can be attributed to football-related violence. We study the … violence. Instead, we find that the match day effect can be attributed to violence among males in the 18-29 age group, rises to …-related violence in the United States, but can be accommodated by social identity explanations of football hooliganism. …
Persistent link: https://www.econbiz.de/10012669790
more favourable loan package; that it is associated with over-investment even when investment does not create collateral …
Persistent link: https://www.econbiz.de/10010468584
We study the effects of time-using rent-seeking activities on the macroeconomic allocation and the economic growth rate. We formulate a highly stylized three-sector general equilibrium model with overlapping generations of individuals. The production side features one sector producing the...
Persistent link: https://www.econbiz.de/10014431164
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 in driving economic growth in China, questions how much longer China can … sustain a relatively high investment rate, and examines the arguments that have been offered for an impending drastic …
Persistent link: https://www.econbiz.de/10011659322
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 … economy-wide data with various breakdown. Significant shifts in investment patterns across sectors and ownership forms have …
Persistent link: https://www.econbiz.de/10011657882
This paper analyses the impact of exchange rate uncertainty upon the pattern of investment in different exchange rate … exchange rate regimes indicates that currency volatility exerts only a small influence upon the level of investment spending …
Persistent link: https://www.econbiz.de/10011400788