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A high share of foreign currency denomination of domestic public debt in rules out any recourse to inflation tax as an effective adjustment device. Anti- inflation policies based upon hard peg regimes may remove the exchange rate risk in the short run but - as pointed out by Argentina’s...
Persistent link: https://www.econbiz.de/10005087106
The paper addresses the issue of dynamic relationships between environment, health and growth. Its aim is to show that … improvement, due to sanitation and health infrastructures, possible because of income growth, leads to a better health, followed …, when pollution, generated by a growth too fast, becomes widespread by a worsening of health conditions, coming finally to …
Persistent link: https://www.econbiz.de/10009649947
Persistent link: https://www.econbiz.de/10005772847
Persistent link: https://www.econbiz.de/10012924031
This paper deals with the evolution of automobile sector during the 1990s in Central and Eastern Europe (CEE) Countries from a double point of view. At first, we wonder about the applicability to the sector of Flying Geese (FG) model, theorised by Kaname Akmatsu in the 1930s to explain...
Persistent link: https://www.econbiz.de/10009421761
The paper develops a small open economy growth model with endogenous innovations, in the presence of environmental … externalities. Building on the Grossman ad Helpman (1991) analytical framework of endogenous growth in open economies, pollution is … distortions may in fact result in a reduction of the growth rate of the economy, unless investment in knowledge capital, that is …
Persistent link: https://www.econbiz.de/10009649900
them to maintain the systematic current account surpluses through which they stimulate their GDP growth and by means of … continuation of its growth. It is preparing to substitute the United States as a major engine of world economy. At the same time it …
Persistent link: https://www.econbiz.de/10008632926
This paper examines the relationship between international production and exports for a number of countries. In the theoretical literature the relationship between direct investment and trade is not certain apriori: some works emphasize their complementarity, others their reciprocal...
Persistent link: https://www.econbiz.de/10005111540
Persistent link: https://www.econbiz.de/10012871764
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