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Globalization, the volatility of intermediate goods prices and economic growth
Steger, Thomas M.; Bretschger, Lucas - 2005
We set up a dynamic stochastic model of a stylized economy comprising a final output sector (with traditional and modern firms) and an intermediate goods sector. It is shown that market integration reduces the volatility of the rate of return of capital invested in modern firms. The induced...
Persistent link: https://www.econbiz.de/10011753105
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Globalization, Transparency and Economic Growth: The Vulnerability of Chinese Firms to Macroeconomic Shocks
Oxelheim, Lars - 2008
The process of globalization encompasses economic and financial integration. Abolition of capital controls and …
Persistent link: https://www.econbiz.de/10010320377
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How Fast are the Tourism Countries Growing? The cross-country evidence
Brau, Rinaldo; Lanza, Alessandro; Pigliaru, Francesco - 2003
Specializing in tourism is an option available to a number of less developed countries and regions. But is it a good option? To answer this question, we have compared the relative growth performance of 14 "tourism countries" within a sample of 143 countries, observed during the period 1980-95....
Persistent link: https://www.econbiz.de/10011325125
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Can nature promote development? The role of sustainable tourism for economic growth
Freytag, Andreas; Vietze, Christoph - 2010
We analyze whether biodiversity is enhancing the development process in developing countries (DCs) via increasing tourism receipts in a trade based endogenous growth framework. The underlying assumption is that a rich biodiversity - only if used sustainably - provides a comparative advantage in...
Persistent link: https://www.econbiz.de/10010267123
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Zum systematischen Stellenwert von Wirtschaftswachstum: Ziel, Mittel oder weder noch?
Hirata, Johannes - 2012
In der gegenwärtigen Debatte um die Ziele sozio-ökonomischer Entwicklung nimmt Wirtschaftswachstum eine zentrale, wenn … auch umstrittene Rolle ein. Während die eine Seite Wirtschaftswachstum als etwas Erstrebenswertes betrachtet, da sie es als … diese beiden Positionen kritisch und argumentiert, dass beide einen Fehler begehen, indem sie Wirtschaftswachstum zu einem …
Persistent link: https://www.econbiz.de/10010314676
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Innovative investments, natural resources, and intergenerational fairness: Are pension funds good for sustainable development?
Bretschger, Lucas; Pittel, Karen - 2005
We analyse long-term consumption paths in a dynamic two-sector economy with overlapping generations. Each young generation saves for the retirement age, both with private savings and pension funds. The productivity of each sector can be raised by sector-specific research while the essential use...
Persistent link: https://www.econbiz.de/10011753101
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Sectoral Heterogeneity, Resource Depletion, and Directed Technical Change: Theory and Policy
Pittel, Karen; Bretschger, Lucas - 2008
We analyze an economy in which sectors are heterogeneous with respect to the intensity of natural resource use. Long-term dynamics are driven by resource prices, sectoral composition, and directed technical change. We study the balanced growth path and determine stability conditions. Technical...
Persistent link: https://www.econbiz.de/10011753160
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The Implications of Heterogeneous Resource Intensities on Technical Change and Growth
Pittel, Karen; Bretschger, Lucas - 2009
We analyze an economy in which sectors are heterogeneous with respect to the intensity of natural resource use. Long-term dynamics are driven by resource prices, sectoral composition, and directed technical change. We study the balanced growth path and determine stability conditions. Technical...
Persistent link: https://www.econbiz.de/10011753184
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Economic Growth, Innovation, Cultural Diversity. What Are We All Talking About? A Critical Survey of the State-of-the-art
Maignan, Carole Juliette (contributor);  … - 2003
This report constitutes the first deliverable of the project ENGIME - Economic Growth and Innovation in Multicultural Environments, financed by the European Commission - FP5 - Key Action: Improving socio-economic knowledge base. Contract HPSE-CT2001-50007
Persistent link: https://www.econbiz.de/10011325046
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The emergence of the new economy, and its challenge to financial intermediation and banking: A survey
Haukioja, Teemu; Hahl, Jarmo - 2001
Technological progress and knowledge-based innovations have more important role in economic growth and development than ever. This conjecture is often called the new economy, referring to economic growth that is strongly associated to the development of information and communication technology....
Persistent link: https://www.econbiz.de/10010284910