Showing 1 - 10 of 451
This paper presents a theoretical model for governance. Specifically, the Ramsey-Cass-Koopman's growth model has been … extended by incorporating governance in an open economy framework. Steady-state and short run analysis show that external debt … governance encourage the economic growth but external debt creates a burden on the economy. Both Investment and saving are …
Persistent link: https://www.econbiz.de/10011112459
links between the quality of governance, financial development and economic development. The main theoretical predictions …
Persistent link: https://www.econbiz.de/10011112584
equal to 2.3% budget balance, the state influences Keynesian economic activity in the DRC beyond these thresholds, the … effect of public expenditure is not Keynesian or anti Keynesian. …
Persistent link: https://www.econbiz.de/10011112999
I estimate and compare the effects of globalization, governance, and conventional factors and forces on the economic …
Persistent link: https://www.econbiz.de/10005668398
The Customs Union between Turkey and the European Union was the milestone to complete the process of trade liberalization, which had already started in the early 1980s. Global economic environment and Turkey’s Structural Adjustment Programs, which has been supervised by International Monetary...
Persistent link: https://www.econbiz.de/10011267890
A lot of attention in the literature has been given to an important issue of the effect of capital mobility on economic growth of developing countries and little attention has been devoted to developed countries. Developed countries are main players in the global financial market. Lately,...
Persistent link: https://www.econbiz.de/10011274904
This article examines the tendencies of economic growth in Romania after its transition to the market economy by employing a balance of payments approach and an extended growth model that takes into account both internal and external imbalances. The first approach is linked to the well known...
Persistent link: https://www.econbiz.de/10011251883
The European Monetary Union is characterized by a crisis of governance, this has become more evident with the crisis of … individual Member States. This contribution first discusses the issue concerning rules and discretion in the governance of the …, politicians, central bankers and businessmen. The last section of the work focuses on what’s wrong in the governance of the euro …
Persistent link: https://www.econbiz.de/10011258694
This paper takes into account the dynamic feedback between government expenditures and output in a model that separates the effects of expected and unexpected government expenditures on output. We allow for standard determinants based on Solow’s growth model, as well as financial globalization...
Persistent link: https://www.econbiz.de/10011258873
A two country, three sector hybrid model of structural change with distortionary government policies is used to quantify the impact of international trade and trade reform for industrialization. The model features Arming- ton motivated trade in agriculture and industry, and a novel...
Persistent link: https://www.econbiz.de/10011258875