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Risks of Stagnation in the Euro Area
Lin, Huidan - 2016
This paper discusses the risks of stagnation over the medium term in the euro area. It examines the consequences of longer-term growth trends that predate the crisis and the progress made in addressing the crisis legacies of high unemployment and debt. The paper illustrates in a downside...
Persistent link: https://www.econbiz.de/10012996031
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Why is Productivity Growth in the Euro Area so Sluggish?
Estevão, Marcello M. - 2006
Slow productivity growth has plagued the euro area since the mid-1990s. That is particularly striking in view of the large productivity gains in the United States during the same period. This paper shows that the deceleration in labor productivity in the euro area was caused by structural...
Persistent link: https://www.econbiz.de/10012783087
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Productivity Growth and Structural Reform in Bulgaria : Restarting the Convergence Engine
Mitra, Pritha - 2012
Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger … productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural … productivity suggest that for Bulgaria closing the gap with EU standards in the areas of institutional and infrastructure quality …
Persistent link: https://www.econbiz.de/10013102273
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Fintech, Inclusive Growth and Cyber Risks : Focus on the MENAP and CCA Regions
Lukonga, Inutu - 2018
Financial technology (fintech) is emerging as an innovative way to achieve financial inclusion and the broader objective of inclusive growth. Thus far, fintech in the MENAP and CCA remains below potential with limited impact on financial inclusion. This paper reviews the fintech landscape in the...
Persistent link: https://www.econbiz.de/10012909418
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Restructuring Reforms for Green Growth
Cevik, Serhan; Jalles, João Tovar - 2023
Policymakers across the world are striving to tackle the century-defining challenge of climate change without undermining potential growth. This paper examines the impact of structural reforms in the energy sector (electricity and gas) on enviromental outcomes and green growth indicators in a...
Persistent link: https://www.econbiz.de/10014347580
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Unleashing India's Growth Potential
Kotera, Shinya; Xu, TengTeng - 2023
This paper analyzes the drivers of India’s growth in the past five decades and considers baseline and upside scenarios of India’s medium-term potential growth. Using a production function approach, the paper assesses the impact of the pandemic on the key factors of production and therefore...
Persistent link: https://www.econbiz.de/10014350825
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Eye of the Storm : The Impact of Climate Shocks on Inflation and Growth
Cevik, Serhan; Jalles, João Tovar - 2023
What is the impact of climate change on inflation and growth dynamics? This is not a simple question to answer as climate shocks tend to be ubiquitous, but with opposing effects simultaneously on demand and supply. The extent of which climate-related shocks affect inflation and economic growth...
Persistent link: https://www.econbiz.de/10014354589
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And Schumpeter Said, "this is How Thou Shalt Grow" : The Further Quest for Economic Growth in Poor Countries
Beaugrand, Philippe - 2013
The paper reviews the stylized facts on economic growth gathered by Easterly and Levine in their 2001 joint paper and illustrates some of the points made on the basis of data from the IMF's World Economic Outlook on real growth and per capita GDP since 1970. The data show that the growth...
Persistent link: https://www.econbiz.de/10012754415
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The Myth of Post-Reform Income Stagnation
Carvalho Filho, Irineu E. - 2008
Economic policies are often judged by a handful of statistics, some of which may be biased during periods of change. We estimate the income growth implied by the evolution of food demand and durable good ownership in post-reform Brazil and Mexico, and find that changes in consumption patterns...
Persistent link: https://www.econbiz.de/10012677643
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Macrofinancial Linkages and Growth at Risk in the Dominican Republic
Bespalova, Olga - 2019
This paper uses the Growth-at-Risk (GaR) methodology to examine how macrofinancial conditions affect the growth outlook and its probability distribution. Using this approach, we evaluate risks to GDP growth in the Dominican Republic using quarterly data for 1996-2018. We group macrofinancial...
Persistent link: https://www.econbiz.de/10012858379