Showing 1 - 10 of 99
Persistent link: https://www.econbiz.de/10010228940
capacities. We study a non stochastic CRS endogenous growth model where public expenditure is an input in the production process … effective tax rate. We show how persistent differences in growth rates across countries could stem from differential public … welfare and the growth rate. With outstanding public debt, the optimal fiscal policy should keep the debt-to-GDP ratio …
Persistent link: https://www.econbiz.de/10011130563
This paper evaluates the sustainability of large current account imbalances in the era when the Chinese GDP growth rate … to the relative size of the countries’ GDP. We conclude that the continuation of the fast growth rate of China, while …€œdemander of last resort,†the Chinese growth path would be challenged by its own success. …
Persistent link: https://www.econbiz.de/10011130584
This paper evaluates the sustainability of large current account imbalances in the era when the Chinese GDP growth rate … to the relative size of the countries’ GDP. We conclude that the continuation of the fast growth rate of China, while … of last resort,†the Chinese growth path would be challenged by its own success. …
Persistent link: https://www.econbiz.de/10011130656
capacities. We study a non stochastic CRS endogenous growth model where public expenditure is an input in the production process … effective tax rate. We show how persistent differences in growth rates across countries could stem from differential public … welfare and the growth rate. With outstanding public debt, the optimal fiscal policy should keep the debt-to-GDP ratio …
Persistent link: https://www.econbiz.de/10010285326
This paper evaluates the sustainability of large current account imbalances in the era when the Chinese GDP growth rate … to the relative size of the countries' GDP. We conclude that the continuation of the fast growth rate of China, while … last resort, the Chinese growth path would be challenged by its own success. …
Persistent link: https://www.econbiz.de/10010285339
the associations of growth level, growth volatility, shocks, institutions, and macroeconomic fundamentals have changed in … important ways after the crisis. Gross domestic product growth across countries has become more dependent on external factors …, including global growth, global oil prices, and global financial volatility. After accounting for the effects global shocks, we …
Persistent link: https://www.econbiz.de/10012064688
Persistent link: https://www.econbiz.de/10012123569
the associations of growth level, growth volatility, shocks, institutions, and macroeconomic fundamentals have changed in … important ways after the crisis. Gross domestic product growth across countries has become more dependent on external factors …, including global growth, global oil prices, and global financial volatility. After accounting for the effects global shocks, we …
Persistent link: https://www.econbiz.de/10011754881
Persistent link: https://www.econbiz.de/10000715634