Showing 1 - 10 of 444
role to play, if at all, but the interaction between distribution and growth is at the centre of Marxian and post …-Keynesian/Kaleckian approaches when it comes to explaining medium- to long-run trends of economic growth - and stagnation. In this contribution we … will thus provide Marxian and Kaleckian assessments of the distribution and growth regimes under finance …
Persistent link: https://www.econbiz.de/10011797482
Emerging markets (EM) face their fifth consecutive year of slowing growth and a possibly longer period of sluggish … responses to the growth slowdown in EM. It reports three main results. First, the slowdown is synchronous and protracted … productivity growth, bouts of policy uncertainty, and an erosion of policy buffers. Both structural and cyclical factors have …
Persistent link: https://www.econbiz.de/10011696297
empirical pattern. The presence of GVC trade boosts capital accumulation and economic growth and magnifies dynamic gains from …
Persistent link: https://www.econbiz.de/10012653024
institutions, and tests whether such labor rigidities are conducive to long-run growth. We find that non-enforceable labor … regulations do not have a bearing on economic growth, but enforceable labor regulations do. In fact, when using a GMM-IV method …-run economic growth. …
Persistent link: https://www.econbiz.de/10010278199
Demand and Growth Regimes (DGR) and Macroeconomic Policy Regimes (MPR) frameworks have taken prominence within the post … terms of aggregate demand and growth. In particular, it is possible to observe the MPR and DGR transition between 2002 and …
Persistent link: https://www.econbiz.de/10013537582
optimal control theory process. Two operational equations are derived representing firm growth and shadow-price behavior. Firm … with government regulations, were positive and significant predictors of firm output growth and the shadow-price of its … growth and those used for the shadow price. Policy implications were discussed briefly. …
Persistent link: https://www.econbiz.de/10010369473
This paper challenges the conventional view according to which disinflations in LAC-even from low and moderate peaks-have been carried out at no cost to output. After suggesting a new methodology that allows for long-lived effects and inflation inertia when measuring costs of disinflations,...
Persistent link: https://www.econbiz.de/10010293509
distribution, growth and international specialization. The model is explored both for the steady-state properties and the … transitory dynamics of integrated economies. Income inequality affects the patterns of growth and international specialization as …
Persistent link: https://www.econbiz.de/10010294524
This paper evaluates the sustainability of large current account imbalances in the era when the Chinese GDP growth rate … to the relative size of the countries' GDP. We conclude that the continuation of the fast growth rate of China, while … last resort, the Chinese growth path would be challenged by its own success. …
Persistent link: https://www.econbiz.de/10010322714
This paper analyzes the long-run relationship between output collapses-defined defined as GDP falling substantially below trend - and total factor productivity (TFP), using a panel of 71 developed and developing countries during the period 1960-2003 to identify episodes of output collapse and...
Persistent link: https://www.econbiz.de/10010278252