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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 fought stagflation with the ideology of the day, shifting from vulgar … seemed to solve stagflation but only repressed it and resulted into the crisis since 2007. The return of regulation also …
Persistent link: https://www.econbiz.de/10011108214
OECD countries we find an explanation for the Great Stagflation since 1970 that was masked by financial deregulation. (6c …
Persistent link: https://www.econbiz.de/10011109700
than the rest of Canada or the United States. This is obviously a cause for concern. Productivity is an important measure …, the higher productivity growth in retail and wholesale trade in the rest of Canada was associated with growth in sales …Ontario's private sector has had zero productivity growth in the latest six year period. Ontario performed much worse …
Persistent link: https://www.econbiz.de/10011110381
times and places. Productivity in cotton textiles, for example, grew at computer-industry rates, and continued to into the …
Persistent link: https://www.econbiz.de/10008555454
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
The steps in this paper are: (1) to recall the S = I relation and its position in macro-economics, (2) to observe how this equation is very relevant again with the renewed relunctance of banks to finance investments, (3) to point out that consumer durables are investments too, (4) to highlight...
Persistent link: https://www.econbiz.de/10005836404
The April 21, 2005 issue of the LONDON REVIEW OF BOOKS carried a lead article titled ‘Blood for Oil?’ The paper is attributed to a group of writers and activists – Iain Boal, T.J. Clark, Joseph Matthews and Michael Watts – who identify themselves by the collective name ‘Retort.’ In...
Persistent link: https://www.econbiz.de/10005836969
A win-win measure that will contribute to getting us out of the crisis is the abolition of the tax void in OECD countries. The tax void is explained with graphics and it is shown how it can be eliminated for free. Adjustment costs will lie in understanding and adaptation of administrative...
Persistent link: https://www.econbiz.de/10005070466
The current macro-economic crisis can be diagnosed as repressed stagflation bursting into the open. The Obama … Administration and EU stimulus packages prevent economic collapse but do not tackle stagflation itself yet. Without proper measures …
Persistent link: https://www.econbiz.de/10005619928
Over the past century, the institution of capital and the process of its accumulation have been fundamentally transformed. By contrast, the theories that explain this institution and process have remained largely unchanged. The purpose of this paper is to address this mismatch. Using a broad...
Persistent link: https://www.econbiz.de/10005621372