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and dynamics of GDP in Georgia during transition recession and following post-recession recovery. Economic growth is … considered as complex and comprehensive phenomenon. The prognostic econometric model of Georgian GDP is developed. …
Persistent link: https://www.econbiz.de/10008765750
This paper reconstructs an annual volume series of GDP and GDP per capita for Sweden within present borders 1620 …–1800, extending the annual series that exist from 1800 onwards. Annual fluctuations of GDP are estimated from the annual fluctuations …-term trend of GDP per capita increased modestly during the studied period, a different development from real wages that fell …
Persistent link: https://www.econbiz.de/10010875692
The Monitor provides an update of developments in Pacific economies and explores topical policy issues.
Persistent link: https://www.econbiz.de/10010884948
The influence of debt on macroeconomic stability and the ability to restart growth has been a constant concern since the Second World War period. In recent decades, public debt has increased considerably in most countries. Upward trend of public debt was accompanied by an increase in public...
Persistent link: https://www.econbiz.de/10010940595
Government expenditure is one of the key fiscal policy variables that can influence economic growth in any country. Empirical studies examining the impact of government expenditure on economic growth have been heavily debated in recent years, in both developed and developing countries, and most...
Persistent link: https://www.econbiz.de/10010942962
growth rate of 2.665. In the case of a fully dictatorial country, moving one unit towards democracy can raise the GDP growth …
Persistent link: https://www.econbiz.de/10011210493
observed total factor productivity and GDP series that is autocorrelated, even when all the shock processes are serially …
Persistent link: https://www.econbiz.de/10011273950
This paper considers a model which incorporates Schumpeterian type growth into an otherwise standard RBC model similar to the one in Phillips & Wrase (2006). We consider a model with three sources of shocks. The first is a standard productivity shock. The second is a set of Schumpeterian...
Persistent link: https://www.econbiz.de/10011273954
-oil exports, real imports and real foreign direct investment. There is only one bidirectional causality, that between GDP an FDI … Decomposition show that non-oil exports and FDI have little or no impact on GDP, not supporting the growth-led hypothesis or the one … that postulates that FDI promotes growth; nor do we find that GDP has a significant effect on non-oil exports, rejecting …
Persistent link: https://www.econbiz.de/10011275240
The growth rate of real GDP per capita in the biggest OECD countries is represented as a sum of two components – a … growth rate is modelled by an inverse function of real GDP per capita with a constant numerator. This numerator is equivalent … to a constant annual increment of real GDP per capita. For the most advanced economies, the GDP estimates between 1950 …
Persistent link: https://www.econbiz.de/10011259294