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China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
investment. Stepping up structural reforms will also be necessary if double-digit growth rates are to be achievable over the … improving in key sectors, partly thanks to greater private investment, bottlenecks endure and efforts to intensify competition … and ensure continued strong investment are required. Labour market reforms are also required to promote job creation …
Persistent link: https://www.econbiz.de/10009191040
products and processes when investment is sunk, is a core mechanism of development. Obstacles to this process are likely to be …
Persistent link: https://www.econbiz.de/10005256713
production, cross-country differences in investment rate and price of final goods, and cross-country equalization of price of …
Persistent link: https://www.econbiz.de/10010779610
economists identify saving and the credit supply by interpreting the macroeconomic saving-investment identity as a budget … supply of credit and thus more funds to be invested by firms for investment. The paper shows that proponents of this theory …
Persistent link: https://www.econbiz.de/10010858924
argue that there is much confusion about key macroeconomic concepts like saving, investment and finance. This confusion is … best summarised in the statement "saving finances investment". After clearly defining the accounting relationships between … lending, financial saving and physical investment it will be shown that this is a nonsense statement. The theory behind it …
Persistent link: https://www.econbiz.de/10010858931
, having encouraged consumer and investment demand. …
Persistent link: https://www.econbiz.de/10010860811
Persistent link: https://www.econbiz.de/10005248337
investment demand and the production of capital goods. There are three major findings: first, capital suppliers¡¯ inventory … behavior makes investment demand more volatile in equilibrium; second, equilibrium price of capital is characterized by …
Persistent link: https://www.econbiz.de/10009228649
This paper examines the impact on the Italian productive system of the recent and severe (the deepest since the Second World War) economic and financial crisis. The picture offered by aggregate national accounts data is supplemented with information at firm level drawn from the Bank of Italy’s...
Persistent link: https://www.econbiz.de/10009322866