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This paper challenges the institutional sclerosis view of the German crisis according to which rigid labour markets and generous welfare state institutions have driven Germany into its position as "Europe's sick man". In general, the view is not convincing, because the underlying hypotheses...
Persistent link: https://www.econbiz.de/10010323046
The authors analyse the relationship between functional income distribution and economic growth in France and Germany from 1960 until 2005. The analysis is based on a demand-driven distribution and growth model for an open economy inspired by Bhaduri/Marglin (1990), which allows for profit- or...
Persistent link: https://www.econbiz.de/10010460446
Persistent link: https://www.econbiz.de/10001720794
This paper challenges the institutional sclerosis view of the German crisis according to which rigid labour markets and generous welfare state institutions have driven Germany into its position as "Europe's sick man". In general, the view is not convincing, because the underlying hypotheses...
Persistent link: https://www.econbiz.de/10002509864
In the present paper we question the mainstream diagnosis of Germany's post-2000 stagnation as well as the prescribed remedies. We show that the "institutional sclerosis" view of Germany's stagnation is unfounded and that therefore the political measures proposed and actually taken are...
Persistent link: https://www.econbiz.de/10003744530
In dem Aufsatz wird der Zusammenhang zwischen funktionaler Einkommensverteilung und Wirtschaftswachstum in Österreich …
Persistent link: https://www.econbiz.de/10003744536
In dem Aufsatz wird der Zusammenhang zwischen funktionaler Einkommensverteilung und Wirtschaftswachstum in Frankreich … das Wirtschaftswachstum zu ermitteln. Da in diesem Ansatz jedoch Wechselwirkungen zwischen den Nachfrageaggregaten … ab. Während in den Einzelgleichungsschätzungen das Wirtschaftswachstum in Deutschland stärker lohngetrieben als in …
Persistent link: https://www.econbiz.de/10003744537