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directly via the effect of productivity, one possible explanation is that PER Capita GDP is not good explanation for … productivity (.i.e. Labor productivity) differences; an increase (decrease) in relative efficiency of the distribution sector with … achieved. Model implies German Labor productivity to UK Labor productivity ratio doesn’t have significant influence on …
Persistent link: https://www.econbiz.de/10009325645
From a conceptual point of view, for most purposes net figures of Domestic Product and National Income are to be preferred to gross figures. Nevertheless, in practice gross figures are most often used on the ground of various arguments. In this paper, these arguments are challenged. To this end,...
Persistent link: https://www.econbiz.de/10005836951
, aiming at aligning wage growth with labour productivity growth at the national levels. In this context, we analyse the wage … and productivity developments in Germany, the European Union’s periphery countries Greece, Ireland, Portugal, and Spain … along with the US for the period 1980-2010. Apart from the contribution of productivity to wages, we take into account the …
Persistent link: https://www.econbiz.de/10009151114
The paper proposes a method to speed up the transition toward the notional contributions pension system in Italy. It seems the most appropriate manner to combine and pursue employment and financial sustainability goals. The method computes percentages for abating the old retributive pensions...
Persistent link: https://www.econbiz.de/10011112697
Economic growth data does not show how such growth was achieved. Was it based on income growth and consumption spending levels or was it based on borrowings to extend the income levels? The question is vital for deciding which economic tools work best for correcting imbalances. The main...
Persistent link: https://www.econbiz.de/10011251886
Economic, cultural, social, psychological, political, administrative and religious effects of corruption are manifested by functional, political and moral degradation of local public authorities, which is a result of the expansion of political corruption, by reducing the transparent and...
Persistent link: https://www.econbiz.de/10011260613
The main goal of this contribution was to provide evidence on the dynamic interdependencies between economic growth and budget and trade deficits in ten new EU members in transition in the last decade. It is worth to note that beside establishing directions of causal relationships this paper...
Persistent link: https://www.econbiz.de/10011260691
This paper responds to the development policy debate involving the World Bank and the IMF on the use of fiscal policy not only for economic stabilization but also to promote economic growth and increase per capita income. A key issue in this debate relates to the effect of the composition of...
Persistent link: https://www.econbiz.de/10009418512
Inward FDI to the middle-income countries has the evidence as a major stimulus to the economic growth; conventionally at export-oriented manufacturing sector. In point of fact, basic macro fundamentals like as growth of gross domestic capital formation, foreign reserve, infrastructure etc....
Persistent link: https://www.econbiz.de/10008545993
This paper reviewed the roles of debt management practices on sustainable economic growth and development with particular emphasis on Nigeria. Information was generated extensively from literature, the Nigeria Central Bank and National Bureau of Statistic reports. The analyses of the data...
Persistent link: https://www.econbiz.de/10005619608