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From the standpoint of policies, the different branches of economics may be aggregated into two categories: dirigiste and laissez fairist. Dirigiste theories in economics have been based primarily on the complexity of commodities: this allows commodities to be ranked according to the...
Persistent link: https://www.econbiz.de/10014157619
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10010231008
A recent body of empirical research has documented a strong association between the level and volatility of the RER and economic growth. This research has relied on a variety of econometric techniques applied to large cross-country data sets. Although the documented positive effects of both RER...
Persistent link: https://www.econbiz.de/10010457024
A recent body of empirical research has documented a strong association between the level and volatility of the RER and economic growth. This research has relied on a variety of econometric techniques applied to large cross-country data sets. Although the documented positive effects of both RER...
Persistent link: https://www.econbiz.de/10010209280
This paper quantifies how much of exports from eight East Asian economies were consumed by consumers in China, US … firm-level database is utilised to get an accurate measure for such indirect exports. The main findings are: (i) US … Asia that were consumed by the US, Japan, other OECD countries, and China did not change drastically from 2000 to 2006 …
Persistent link: https://www.econbiz.de/10014210752
from developing countries to the United States boost demand for U.S. non-tradable goods. This induces a reallocation of U.S …
Persistent link: https://www.econbiz.de/10012167488
This is an introduction to a new development in the international arena that poses a threat to the ability of countries …
Persistent link: https://www.econbiz.de/10012924483
little evidence of enhanced development finance or any concomitant improvement in economic development. We critically examine … symbiotic relationships between finance and economic development, we propose an institutional-centric approach that forms a … basis for understanding the transformation required for financial development. For development to occur, financial flows …
Persistent link: https://www.econbiz.de/10005641780
conditions for sustained economic growth and development by deepening democracy, enhancing the stability of political regimes and …
Persistent link: https://www.econbiz.de/10011794986
Many of the emerging market economies in Europe are presently running current account deficits which are quite high … Union (EU) members of the old Europe (Greece, Portugal, and Spain), many of the EU’s new member states (largely the former … transition economies which have joined since 2004), most of those non-EU members in south-east Europe, and a number of the CIS …
Persistent link: https://www.econbiz.de/10005585677