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from a take-off in domestic productivity of the magnitude observed in some of these countries. …
Persistent link: https://www.econbiz.de/10005605034
This study provides a candid, systematic, and critical review of recent evidence on this complex subject. Based on a review of the literature and some new empirical evidence, it finds that (1) in spite of an apparently strong theoretical presumption, it is difficult to detect a strong and robust...
Persistent link: https://www.econbiz.de/10005590880
labour productivity, which in turn is related to economic geography as well as structural policy factors. The small size and … drivers of prosperity – investment, skills and ideas – to New Zealand. The reforms of the 1980s and 1990s laid much of the … groundwork for creating this advantage and for a pick-up in productivity growth. But in recent years, New Zealand has lost ground …
Persistent link: https://www.econbiz.de/10005046189
Persistent link: https://www.econbiz.de/10010966430
Many of the present difficulties of the world economy have been blamed on the two oil-price explosions of the 1970s. Professor Chichilnisky shows that, at least in the case of the oil-importing developing countries, the negative effects have been overestimated. In fact, in some respects the oil...
Persistent link: https://www.econbiz.de/10005836490
productivity effects barely offset higher union compensation, and that unions are negatively related to investment in capital and R …This paper analyzes the economic impact of unions on productivity in the manufacturing sector across six Latin American … paper finds that unions have positive, but mostly small, effects on productivity, with the exception of Argentina, with a …
Persistent link: https://www.econbiz.de/10010737499
This paper explores income and consumption smoothing patterns among the member countries of each of the CFA zones-the CEMAC2 and the WAEMU3-during the period 1980-2000. I find that for the CEMAC, only about 15 percent of shocks to GDP are smoothed through the standard channels (that is, capital...
Persistent link: https://www.econbiz.de/10005599656
The study seeks to investigate empirically the direction and shape of causality among trade openness, investment and … openness, national income growth and total investment. Furthermore, empirical results of Granger causality confirm that there … exists unidirectional causality between economic growth and investment; between trade openness and economic growth; and …
Persistent link: https://www.econbiz.de/10009401344
especially the planners from the Central Planning Office argued that the only way out is by significant increase of investment … intensive, the uninterrupted growth requires permanently increasing share of investment in the National Income. The opposite … share of investment in National income is not necessary and would be in fact harmful. The further slowing down of the growth …
Persistent link: https://www.econbiz.de/10005790195
The paper focuses on macroeconomics understood as a major part of economic science concerned with the whole economic system involving such variables as aggregate (total) production, national income, added value, gross domestic product, gross national product, economic growth, aggregate...
Persistent link: https://www.econbiz.de/10005403716