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Tests of German resilience
Bornhorst, Fabian; Mody, Ashoka - 2012
From its early post-war catch-up phase, Germany’s formidable export engine has been its consistent driver of growth …. But Germany has almost equally consistently run current account surpluses. Exports have powered the dynamic phases and … economy and important labor market reforms, Germany’s ability to act as global locomotive has been limited. With increasing …
Persistent link: https://www.econbiz.de/10009659828
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Das Public Kapital : how much would higher German public investment help Germany and the euro area?
Elekdaǧ, Selim Ali; Muir, Dirk - 2014
Persistent link: https://www.econbiz.de/10010479447
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Inflation and Activity – Two Explorations and their Monetary Policy Implications
Blanchard, Olivier - 2015
We explore two issues triggered by the crisis. First, in most advanced countries, output remains far below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a breakdown of the relation between inflation and...
Persistent link: https://www.econbiz.de/10012418077
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Do Labor Market Policies and Growth Fundamentals Matter for Income Inequality in Oecd Countries? : Some Empirical Evidence
Van Houdt, Patrick - 1997
Income distribution may be related to fundamentals affecting economic growth and to labor market policies. Noting that inequality is affected by unemployment. This paper presents a model in which labor market policies affect unemployment which in turn affects inequality. The model also includes...
Persistent link: https://www.econbiz.de/10014403314
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Is regional trade integration a growth and convergence engine in Africa?
Gammadigbe, Vigninou - 2021
The main objective of Regional Trade Agreements (RTAs) is to stimulate economic growth in participating countries through increased trade, economies of scale, knowledge and technology transfer. Using a panel data over the period 1979 to 2018, this paper examines the contribution of regional...
Persistent link: https://www.econbiz.de/10012517925
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Proximity and horizontal policies : the backbone of export diversification and complexity
Salinas, Gonzalo - 2021
The lack of a clear link between general economic fundamentals and export diversification indicators in the literature has fueled the believe that industrial policies are an absolute requisite to diversify exports. This paper, however, does find a strong statistical connection between horizontal...
Persistent link: https://www.econbiz.de/10012518855
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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
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Assessing the macroeconomic impact of structural reforms in Ukraine
Ari, Anil; Pula, Gábor - 2021
Ukraine's economic performance has been anemic since the early 1990s. A major impediment to productivity growth has been low investment, held back by lack of strong and independent institutions. This paper aims to assess the major areas of institutional weakness in Ukraine and quantify the...
Persistent link: https://www.econbiz.de/10012604788
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The macroeconomic impacts of digitalization in Sub-Saharan Africa : evidence from submarine cables
Simione, Félix F.; Li, Yiruo - 2021
Persistent link: https://www.econbiz.de/10012605015
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How do climate shocks affect the impact of FDI, ODA and remittances on economic growth?
Drabo, Alassane - 2021
The three main financial inflows to developing countries have largely increased during the last two decades, despite the large debate in the literature regarding their effects on economic growth which is not yet clear-cut. An emerging literature investigates the dependence of their effects on...
Persistent link: https://www.econbiz.de/10012605579