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We use estimates of the effect of educational achievement - measured by international student achievement tests - on economic growth to simulate the impact of improved achievement for individual EU countries and the EU as a whole. We calculate the present value of improvements in GDP over the...
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supporting the recovery will be exports as growth in the world economy will gain momentum and the dampening factors of the euro …
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Governments around the world are deeply divided about the proper role of industrial policy, with some politicians … chapters that examine the political economy of the decision process, and finally, offers ""classical"" static equilibrium …Governments around the world are deeply divided about the proper role of industrial policy, with some politicians …
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the decision whether an excessive deficit exists. One cannot exclude that Italy and France have an interest to block such … a decision because they also have problems of meeting the obligations of the Stability and Growth Pact. So it is … decision about the excessive deficit procedure. The coming months will show whether the Pact really has teeth. We are strongly …
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policy has become expansionary, oil prices have dropped substantially, and there is a recovery in the rest of the world. Key …. In the course of the coming year, the increase in production will gradually slow down. The upswing in the world economy …
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