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The Norwegian productivity puzzle - not so puzzling after all?

von Brasch, Thomas - 2015

The Norwegian productivity puzzle is rooted in three seemingly contradictory "facts": First, Norway is one of the most productive OECD countries. Second, Norway has experienced high growth in productivity. Third, Norway has a relatively low level of R&D intensity. In this article, I show that...

Persistent link: https://www.econbiz.de/10011968566

Productivity in New Zealand 1988 to 2002

Black, Melleny; Guy, Melody; McLellan, Nathan - 2003

This paper reports new aggregate and industry productivity series for the New Zealand economy for the period 1988 to 2002. These productivity series are intended for ongoing monitoring of New Zealand's productivity performance and for use in further analyses investigating the evolution, sources...

Persistent link: https://www.econbiz.de/10012115523

Growth, volatility and political instability: non-linear time-series evidence for Argentina, 1896 - 2000

Campos, Nauro F.; Karanasos, Menelaos G. - 2007

What is the relationship between economic growth and its volatility? Does political instability affect growth directly … or indirectly, through volatility? This paper tries to answer such questions using a power-ARCH framework with annual … legislative changes) has an indirect (through volatility) negative impact. We also find preliminary support for the idea that …

Persistent link: https://www.econbiz.de/10010268236

Two to tangle: financial development, political instability and economic growth in Argentina (1896 - 2000)

Campos, Nauro F.; Karanasos, Menelaos G.; Tan, Bin - 2008

.g., cabinet changes) has an indirect (through volatility) impact on growth; (iii) the effect of financial development is positive … and, surprisingly, not via volatility; (iv) the informal instability effects are much larger in the short- than in the …

Persistent link: https://www.econbiz.de/10010268984

Consumption-led expansions are toxic for future output growth

Virén, Matti E. E. - 2022

When assessing future growth prospects, does it matter how the economy grows now? In other words, does the current structure of demand affect future growth? This question is analyzed in our paper by using global and EU panel data. The result is quite striking: consumption-led growth - either in...

Persistent link: https://www.econbiz.de/10014551580

A reassessment of external demand's contribution to Malta's economic growth

Grech, Aaron George; Rapa, Noel - In: Journal of Economic Structures 8 (2019) 12, pp. 1-13

The role of external demand in determining economic growth has undoubtedly increased as a result of globalisation. However, the conventional approach used to assess the contribution to growth of exports diminishes the positive influence of higher foreign demand by attributing to it the entire...

Persistent link: https://www.econbiz.de/10013288246

The Universal Shape of Economic Recession and Recovery after a Shock

Challet, Damien; Solomon, Sorin; Yaari, Gur - 2009

We show that a simple and intuitive three-parameter equation fits remarkably well the evolution of the gross domestic product (GDP) in current and constant dollars of many countries during the times of recession and recovery. We then argue that it can be used to detect shocks and discuss its...

Persistent link: https://www.econbiz.de/10010298587

Does Financial Integration Spur Economic Growth? New Evidence from the First Era of Financial Globalization

Schularick, Moritz; Steger, Thomas M. - 2006

Does international financial integration boost economic growth? The question has been discussed controversially for a long time, and a large number of studies has been devoted to its empirical investigation. As of yet, robust evidence for a positive impact of capital market integration on...

Persistent link: https://www.econbiz.de/10011753111

Understanding West German economic growth in the 1950s

Eichengreen, Barry; Ritschl, Albrecht - 2008

We evaluate explanations for why Germany grew so quickly in the 1950s. The recent literature has emphasized convergence, structural change and institutional shake-up while minimizing the importance of the postwar shock. We show that this shock and its consequences were more important than...

Persistent link: https://www.econbiz.de/10010263753

Freedom, growth, and the environment

Barrett, Scott A.; Graddy, Kathryn - 1998

A number of recent papers have found that certain measures of pollution worsen and later improve as income per head increases. It is widely believed that the downhill portion of this inverted-U curve reflects an induced policy response; that, as incomes rise, citizens demand improvements in...

Persistent link: https://www.econbiz.de/10011608462