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relationship between human capital and growth, using a sample of 23 subsaharian African countries and six time periods between 1980 … suggest that the contribution of human capital to growth depends on the level of commercial opening. The result could be … therefore likely to influence the rate of growth. (Full text in french) …
Persistent link: https://www.econbiz.de/10005342003
In this paper, we aim to test the empirical validity of the QTM relationship for the Turkish economy. Using some contemporaneous time series estimation techniques, our estimation results reveal that stationarity characteristics of the velocities of currency in circulation and the broad money...
Persistent link: https://www.econbiz.de/10008554116
developments assesses whether an acceleration of productivity growth, the touchstone of the New Economy, is likely to occur in … institutional changes such as product and labour market deregulation have served as catalysts for growth. He then looks at the role …
Persistent link: https://www.econbiz.de/10005157594
This paper gives a conceptual overview of the openness and vulnerability, sharing which in both cases respectively … depends on economic policy and on structural factors, independent from policy. It focuses on openness policy, proposed to be … measured by the residual of an openness function estimated only from structural factors, and on structural vulnerability …
Persistent link: https://www.econbiz.de/10005055194
This paper studies how financial development affects the relation between average growth and growth volatility through … liquidity crises. Then with this mechanism, we show in a macro framework that the relation between average growth and growth … volatility is more likely to be negative in developing countries, but more likely to be positive in developed economies. Finally …
Persistent link: https://www.econbiz.de/10004998817
Economies are open to international competition, and must be able to sell their products on the external markets. This paper goes back to the definition of competitivity (the ability to sell one's production at a good reward), builds a synthetic index of competitivity and gives some indications...
Persistent link: https://www.econbiz.de/10005016545
Persistent link: https://www.econbiz.de/10012663350
the Bank of Canada compares sources of recent productivity growth in Canada and the United States. Macklem sees aggregate … labour productivity growth in Canada advancing at around a 2 per cent average annual rate in the medium term. This view is … spillovers from rapid and sustained U.S. productivity growth, and the significant gap between Canadian and U.S. productivity …
Persistent link: https://www.econbiz.de/10005650252
(PHE) and economic growth and secondly the impact of public health expenditure on health outcomes in terms of child … improvement in life expectancy. Improvements in life expectancy over the long term have a positive impact on economic growth …. Indeed, there is a unidirectional causality from PHE to growth. Moreover, an increase in PHE increases the primary school …
Persistent link: https://www.econbiz.de/10013238444
Cette étude présente les résultats d’un nouveau modèle de prévision de la croissance économique des pays de l’OCDE et des principaux pays hors OCDE sur un horizon de 50 ans, ainsi que des déséquilibres globaux. Un scénario de référence tablant sur des réformes structurelles...
Persistent link: https://www.econbiz.de/10012454763