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Optimal size of government and economic growth in EU-27
Magazzino, Cosimo; Forte, Francesco - Volkswirtschaftliche Fakultät, … - 2010
Using time-series techniques and panels data, the paper analyses for the EU countries in the period 1970-2009 the existence and shape of the “BARS curve” (Barro, Armey, Rahn, and Scully), connecting the size of Government (measured by the share of public expenditure on GDP) to the rate of...
Persistent link: https://www.econbiz.de/10008694221
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Economic growth and the optimum size of government in 15 European countries: A threshold panel approach
Hajamini, Mehdi; Falahi, Mohammad Ali - Volkswirtschaftliche Fakultät, … - 2012
In the growth literature, there is a nonlinear relationship between economic growth and government size, which is similar to an inverted U-shaped curve. This curve can be used to determine the optimum share of government expenditures. This paper, using threshold panel approach, attempts to...
Persistent link: https://www.econbiz.de/10011109576
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An Analysis of the Impact of Government Size on Economic Growth of Pakistan: An Endogenous Growth
Zareen, Shumaila; Qayyum, Abdul - Volkswirtschaftliche Fakultät, … - 2014
Keeping in view the importance of economic growth in a country’s development, this study intended to examine the relationship between the government size and other determinants on economic growth using a time series data over the period 1973-2012. To specify the growth equation, we have...
Persistent link: https://www.econbiz.de/10011113283
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The Nature of Innovation Channels at the Micro-Level : Evidence from Russian Manufacturing Firms
Simachev, Yuri; Kuzyk, Mikhail; Feygina, Vera - 2013
The main purpose of the paper is to analyze different channels for innovations. We consider the influence of various incentives for innovation in Russian companies taking into account the organization of industries — vertical or horizontal orientation, peculiarities of corporate demography,...
Persistent link: https://www.econbiz.de/10014153492
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Cause and cure of the crisis
Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2014
The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high unemployment and stagnating growth by 1970, called stagflation. Since 1970 governments redressed the welfare state but did not succeed in finding workable mechanisms. They rather...
Persistent link: https://www.econbiz.de/10011108214
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Redefining the Economical Power of Nations
Kiss, Christian - Volkswirtschaftliche Fakultät, … - 2013
– Inflation) x GDP = K_Index_Infl. Productivity Index: K_Index / Labor Force = K_PROD Inflation indexed Productivity Index: K …
Persistent link: https://www.econbiz.de/10011259539
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Закон Оукена, парадокс занятости и влияние безработицы на экономику СССР и России.
BLINOV, Sergey - Volkswirtschaftliche Fakultät, … - 2014
For effective economic growth, intentional “creation” of unemployment is required to be followed up by its «elimination». From Okun’s law one can infer an interesting corollary: growing unemployment without reducing GDP increases the economy’s potential. This corollary can be proved...
Persistent link: https://www.econbiz.de/10011259561
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Time Is Money. Theory of Value Depreciation.
BLINOV, Sergey - Volkswirtschaftliche Fakultät, … - 2013
The article describes “the theory of value depreciation” developed by the author. In accordance with this theory, economic growth takes place using two inter-connected phenomena: (a) reduction in time necessary to produce “the set of goods currently consumed” (first form of value...
Persistent link: https://www.econbiz.de/10011260254
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Productivity-wage-growth nexus: an empirical study of Singapore
Freddy, Liew - Volkswirtschaftliche Fakultät, … - 2011
This paper investigates the empirical relationship between labor productivity, real wages and real GDP in Singapore … from 1997 to 2011. The paper begins with a review of productivity, wage and growth situations in Singapore in the past … relation between labor productivity and real GDP but that wages seem to be caused by other underlying factors. However, real …
Persistent link: https://www.econbiz.de/10009359942
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Analysing the contribution of business services to European economic growth
Kox, Henk L.M.; Rubalcaba, Luis - Volkswirtschaftliche Fakultät, … - 2007
, the sector also contributed in an indirect way to economic growth by generating knowledge and productivity spill-overs for … characterised by a relatively weak productivity growth. Does this contribute to growth stagnation tendencies à la the so …-called “Baumol disease”? The paper argues that there is no reason to expect this as long as the productivity and growth spill …
Persistent link: https://www.econbiz.de/10005790451