Showing 1 - 10 of 18
-)Keynesian analysis is presented as a growth and employment-oriented alternative to this restrictive policy mix. Contrary to the strict … alternative requires the coordination of monetary, fiscal and wage policies in order to achieve growth, high employment and price …
Persistent link: https://www.econbiz.de/10009327899
concept of money and their satisfaction may be largely endogenous to shifts in the economic policy regime. Growth and …, in this paper the effects of the new EMU institutional framework for monetary, fiscal and wage policies on overall growth … has neither been conducive to aggregate growth nor to real convergence across the euro area. In order to improve growth …
Persistent link: https://www.econbiz.de/10009327917
growth and employment problems in the EU. These guidelines have been the EU-economic policy concept for ten years now, but … this concept has not been able to generate sustained growth in the EU. Examining the guidelines we show the weaknesses of … the economic policy model behind it and outline an alternative concept which promises more growth for Europe in the long …
Persistent link: https://www.econbiz.de/10009327942
In this paper the euro crisis is viewed as the most recent episode of the crisis of finance-dominated capitalism. Therefore, two major features of finance-dominated capitalism, the increasing inequality of income distribution and the rising imbalances of current accounts, are analysed for a set...
Persistent link: https://www.econbiz.de/10009397198
We analyse the long-run imbalances of finance-dominated capitalism underlying the present crisis – which began in 2007 – with a focus on developments in the US and Germany. We argue that beyond inefficient regulation of the financial sector, the severeness of the present crisis has been...
Persistent link: https://www.econbiz.de/10008592982
well as to stabilize the productivity growth. One of these policies consists to facilitate the role of energy use by …
Persistent link: https://www.econbiz.de/10011259388
In a Kaleckian distribution and growth model with workers’ debt we examine the short- and long-run effects of three …
Persistent link: https://www.econbiz.de/10009325648
economic growth for South Africa. For this purpose, we data for 1965-2007 and set the estimation strategy under the ARDL … monotonic relationship between financial development and economic growth for South Africa. Trade openness and per capita real … capital are found as the other important determinants of economic growth in South Africa. …
Persistent link: https://www.econbiz.de/10008777379
, capital and economic growth. The data set is covering the period 1980 - 2008. The results show the existence of bidirectional … causality between electricity consumption and economic growth and between economic growth and capital use. In the same time, a … conservation policies may retard economic growth by reduction in electricity consumption. Moreover, in the opposite direction, from …
Persistent link: https://www.econbiz.de/10008866122
The paper investigates the effects of imports and foreign capital inflows on economic growth in case of Pakistan over … between imports, foreign capital inflows and economic growth. The results show that imports and foreign capital inflows have … positive and significant effect on the economic growth of Pakistan. Causality analysis reveals bidirectional causal association …
Persistent link: https://www.econbiz.de/10008876875