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The paper first develops a theoretical model with different sectors, each providing a channel for an impact of energy prices on growth. In the short run, growth is hampered by increasing energy prices. In the long run, however, capital accumulation may be crowded out by energy use. This happens...
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The paper first develops a theoretical model with di¤erent sectors, each providing a channel for an impact of energy prices on growth. In the short run, growth is hampered by increasing energy prices. In the long run, however, capital accumulation may be crowded out by energy use. This happens...
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Der Artikel beschäftigt sich mit dem Wirtschaftswachstum im den Transformationsländern. Es wird aufgezeigt, wie weit … sich die Transformationsländer nach dem Transformationsschock auf dem Weg zu Staaten mit einem modernen Wirtschaftswachstum …
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