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This Country Focus discusses the relation between public investment and economic growth in Poland. Theoretical and empirical work has shown that improvements in the quantity and quality of public infrastructure have a positive impact on growth in the medium and, possibly, in the long run. The...
Persistent link: https://www.econbiz.de/10009641072
This note looks at US$ and DM/Euro denominated government bond spreads relative to US and German benchmark bonds before and after the start of the current financial crisis. The study finds, first, that bond yield spreads before and during the crisis can largely be explained on the basis of...
Persistent link: https://www.econbiz.de/10009640407
When people share risk in financial markets, intermediaries provide costly enforcement for most trades and, hence, are an integral part of financial marketsu0092 organization. We assess the degree of risk sharing that can be achieved through financial markets when enforcement is based on the...
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This brochure presents the environmental co-operation of the EU with China by highlighting a number of selected …
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Private consumption is a key component in the rebalancing of growth that China is seeking, and a challenging one. Not …. Understanding what drove the consumption share down to a mere 36% of GDP in China is thus vital. This brief explores the many … reasons for the high precautionary savings that followed in the wake of the reform process in China. In particular, the …
Persistent link: https://www.econbiz.de/10011291913
China's economy slowed significantly in the first three quarters of 2012 and questions have been raised on a possible … understand what is driving this slowdown and how lasting it may be given China's importance as an engine for global growth. Is …
Persistent link: https://www.econbiz.de/10011298658