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Efficiency, Inefficiency and the MENA Frontier
Christopoulos, Dimitris; McAdam, Peter - 2015
In a stochastic frontier setting, we examine technical efficiency in the Middle East and North Africa (MENA). Evidence … suggests that in addition to economic indicators, political and social ones play a key role in development and frontier … for related studies of development technical efficiency. …
Persistent link: https://www.econbiz.de/10011605802
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Public finances and long-term growth in Europe - evidence from a panel data analysis
De Ávila, Diego Romero; Strauch, Rolf - 2003
In Lisbon the European Council proclaimed a European growth strategy. It considers an average economic growth rate of around 3 percent as a realistic prospect for the coming years and assigns public finances an important role in the process of achieving this goal. This paper addresses the...
Persistent link: https://www.econbiz.de/10011604292
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The Climate and the Economy
Breckenfelder, Johannes; Maćkowiak, Bartosz; … - 2023
Climate change and the public policies to arrest it are and will continue reshaping the global economy. This Discussion …. The main message that emerges is that climate change will cause income divergence across individuals, sectors, and regions … uncertainty due to two separate factors: the wide range of climate scenarios for a given trajectory of greenhouse gas emissions …
Persistent link: https://www.econbiz.de/10014256842
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Finance and growth: a macroeconomic assessment of the evidence from a European angle
Papaioannou, Elias - 2007
countries financial development fosters aggregate growth mainly by lowering the cost of capital, while in advanced economies by …
Persistent link: https://www.econbiz.de/10011604833
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Output growth and fluctuation: the role of financial openness
Popov, Alexander - 2011
I analyze output growth, volatility, and skewness as the joint outcomes of financial openness. Using an industry panel of 53 countries over 45 years, I find that financial openness increases simultaneously mean growth and the negative skewness of the growth process. The increase in output...
Persistent link: https://www.econbiz.de/10011605414
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Monetary policy and the stock market in the euro area
Cassola, Nuno; Morana, Claudio - 2002
In this paper we study the role of the stock market in the transmission mechanism in the euro area and evaluate whether price stability and financial stability are mutually consistent and complementary objectives. Four major conclusions can be drawn from our work. First, stock prices and more...
Persistent link: https://www.econbiz.de/10011604165
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The role of product market regulations in the process of structural change
Messina, Julián - 2003
. In this framework, product market regulations raise barriers to entry that hinder the development of sectors with income …
Persistent link: https://www.econbiz.de/10011604263
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Inflation, factor substitution and growth
Klump, Rainer - 2003
Persistent link: https://www.econbiz.de/10011604326
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Technological diversification
Koren, Miklós; Tenreyro, Silvana - 2005
incentives. Complexity (and hence output stability) is positively related with the development of the country, the comparative …
Persistent link: https://www.econbiz.de/10011604597
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Human capital, the structure of production, and growth
Ciccone, Antonio; Papaioannou, Elias - 2006
Do high levels of human capital foster economic growth by facilitating technology adoption? If so, countries with more human capital should have adopted more rapidly the skilled-labor augmenting technologies becoming available since the 1970’s. High human capital levels should therefore have...
Persistent link: https://www.econbiz.de/10011604669