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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...
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English Abstract: We study economic growth in four emerging economies – Brazil, Russia, India, and China (BRIC …). Questions addressed are: (a) How do medium term growth determinants differ from short term determinants? (b) What are … differences between growth effects of aggregate versus disaggregated exports? (c) Does lower institutional quality hinder growth …
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This paper aims at analyzing trends in TFP and labour productivity growth. Data Envelopment Analysis is used to … indicators allows to decompose labour productivity growth in efficiency change, technical progress and capital accumulation. This …
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information on country risk, as well as on economic stability and growth. Some concluding remarks with a particular attention to …
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and Japan. Italy instead has economic problems that breed an average low rate of economic growth over time. In all Japan … case study shows that to be technological leader is not sufficient to increase economic growth but it is also necessaries …
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