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scarcity of saving in LATAM, thereby increasing investment and growth. Yet, the data and several case studies suggest that the … saving and investment rates tends to be a time consuming process. This also suggests that greater political instability and … polarization would induce consumers to be more cautious in increasing their saving and investment rates following a reform. Hence …
Persistent link: https://www.econbiz.de/10012467540
We revisit Western Europe's record with labor-productivity convergence, and tentatively extrapolate its implications for the future path of Eastern Europe. The poorer Western European countries caught up with the richer ones through both higher rates of physical capital accumulation and greater...
Persistent link: https://www.econbiz.de/10012467642
and investment, we are able to capture many of the key empirical properties of Germany and Japan's postwar transitions … capital-output ratio, rising rates of investment and employment, and moderate rates of return to capital …
Persistent link: https://www.econbiz.de/10012467958
temporary bubble in 2002-03. (2) Why did productivity growth accelerate after 2000 when the ICT investment boom was collapsing …) What does the collapse of the investment boom imply about the future of innovation? First-rate inventions in the 1990s …
Persistent link: https://www.econbiz.de/10012468030
This paper proposes a new method for measuring the degree to which the domestic capital stock is self-financed. The main idea is to use the national accounts to construct a self-financing ratio, indicating what would have been the autarky stock of tangible capital supported by actual past...
Persistent link: https://www.econbiz.de/10012468068
since the 1950s. Growth accelerations tend to be correlated with increases in investment and trade, and with real exchange …
Persistent link: https://www.econbiz.de/10012468127
rates Africa would have enjoyed if these key determinants had taken OECD rather than African values. Expensive investment …
Persistent link: https://www.econbiz.de/10012468832
product market, concerning in particular entry barriers, are negatively related to investment. The implications of our … analysis are clear: regulatory reforms, especially those that liberalize entry, are very likely to spur investment …
Persistent link: https://www.econbiz.de/10012469140
Chinese economy, including its unusually low labor share and unusually high saving and investment rates. Interestingly, the …
Persistent link: https://www.econbiz.de/10012459000
We propose a model consistent with two observations. First, the tax rates adopted by different countries are generally uncorrelated with their growth performance. Second, countries that drastically reduce private incentives to invest, severely hurt their growth performance. In our model, the...
Persistent link: https://www.econbiz.de/10012460188