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European Trade and Foreign Direct Investment U-Shaping Industrial Output in Central and Eastern Europe : Theory and Evidence

Walsh, Patrick P. - 1998

We examine industrial output in Bulgaria, Hungary, Poland, and Romania during 1989–95 in terms of pretransitional …

Persistent link: https://www.econbiz.de/10014403410

Inequality, Transfers and Growth : New Evidence From the Economic Transition in Poland

Prasad, Eswar - 2000

This paper challenges the conventional wisdom that inequality in Poland increased markedly during the economic …

Persistent link: https://www.econbiz.de/10014399835

The ""Soaring Eagle"" : Anatomy of the Polish Take-Off in the 1990's

International Monetary Fund - 2000

Poland stands out among transition economies as having experienced a relatively short and shallow contraction followed … by sustained, vigorous growth. This paper examines various aspects of Poland’s growth performance from 1992 through 1998 … at the macroeconomic level as well as across sectors and regions. It discusses the sources of Poland’s growth, showing …

Persistent link: https://www.econbiz.de/10014399954

Centrality-based capital allocations

Alter, Adrian; Craig, Ben R.; Raupach, Peter - 2014

Persistent link: https://www.econbiz.de/10010479491

Correcting “Beyond the Cycle:” Accounting for Asset Prices in Structural Fiscal Balances

Liu, Estelle X. - 2015

This paper outlines an operational approach for incorporating the impact of asset price cycles in the calculation of structural fiscal balances (SFBs). The global financial crisis demonstrated that movements in asset prices can have an important fiscal impact. Failing to account for the fiscal...

Persistent link: https://www.econbiz.de/10014412080

Sharp instrument : a stab at identifying the causes of economic growth

Chérif, Réda; Hasanov, Fuad; Wang, Lichen - 2018

We shed new light on the determinants of growth by tackling the blunt and weak instrument problems in the empirical growth literature. As an instrument for each endogenous variable, we propose average values of the same variable in neighboring countries. This method has the advantage of...

Persistent link: https://www.econbiz.de/10011866312

Fiscal reforms, long-term growth and income inequality

Acosta-Ormaechea, Santiago; Komatsuzaki, Takuji; … - 2017

We estimate the effects on growth of nine fiscal reform episodes in seven high-income countries using the Synthetic Control Method. These episodes are selected using an indicator-based approach applied to the evaluation of growth-friendly fiscal reforms during 1975-2010. We find that in reform...

Persistent link: https://www.econbiz.de/10011704909

Fair and inclusive markets : why dynamism matters

Aghion, Philippe; Chérif, Réda; Hasanov, Fuad - 2021

We show empirical evidence that there may not be a tradeoff between market income inequality and high sustained growth, which is key for poverty alleviation. We argue that the economies that achieved high sustained growth and low market income inequality are characterized by dynamism-a drive...

Persistent link: https://www.econbiz.de/10012517949

Finance, growth, and inequality

Levine, Ross - 2021

Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic growth, income distribution, and poverty. In this...

Persistent link: https://www.econbiz.de/10012612328

The macroeconomic impact of social unrest

Hadzi-Vaskov, Metodij; Pienknagura, Samuel; Ricci, Luca … - 2021

This paper explores the macroeconomic impact of social unrest, using a novel index based on news reports. The findings are threefold. First, unrest has an adverse effect on economic activity, with GDP remaining on average 0.2 percentage points below the pre-shock baseline six quarters after a...

Persistent link: https://www.econbiz.de/10012613425

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