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Government spending should be regarded as a social and political phenomenon, not merely as a technical choice. We argue that there is an implicit contract between the organized elites and politicians which often leads to a pro-elite allocation of public resources. A natural and simple taxonomy...
Persistent link: https://www.econbiz.de/10005797945
Persistent link: https://www.econbiz.de/10010966354
Interconnectors pose a challenge to EC competition law. Finding investment for capital-intensive infrastructure investment such as interconnectors means that the requirements of financiers and project sponsors for long-term predictability of cash flow is assured. T at usually involves long-term...
Persistent link: https://www.econbiz.de/10008915971
Services sector in India contributes more than 60% of the overall gross domestic product (GDP) and more than 40% of total trade. This sector also absorbs a chunk of manpower, especially in export-oriented industries and reduces the employment burden on other non-services sectors. In this...
Persistent link: https://www.econbiz.de/10010669664
This paper conducts Granger-causality tests on real per capita GDP and four types of air emissions (CO2, CO, SO2 and NOx) by using Norwegian data covering the period 1973-2003. The test results indicate that only unidirectional causal relationships exist between GDP and air emissions. For CO2...
Persistent link: https://www.econbiz.de/10004980645
economy, and presents an overview of economic benefits of deregulation, labor market liberalization, and enterprise reform …
Persistent link: https://www.econbiz.de/10011245717
The paper analyzes the influence of credit-, labor-, and product market deregulation policies on economic growth in … work finds that deregulation contributed to the per capita GDP levels of the early reformers relatively more than to the … acceleration effect for the late reformers, which points to large dynamic welfare gains from deregulation. The latter result …
Persistent link: https://www.econbiz.de/10008693569
The importance of free innovative entry (deregulation) for diversity of structure and competition is studied. I …
Persistent link: https://www.econbiz.de/10010818507
No abstract.
Persistent link: https://www.econbiz.de/10010818549
The paper analyzes the influence of credit-, labor-, and product market deregulation policies on economic growth in … work finds that deregulation contributed to the per capita GDP levels of the early reformers relatively more than to the … acceleration effect for the late reformers, which points to large dynamic welfare gains from deregulation. The latter result …
Persistent link: https://www.econbiz.de/10008752385