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Seit Beginn des vergangenen Jahres expandiert die Weltwirtschaft in moderatem Tempo. Allerdings gerät in den USA das Inflationsziel von 2% zusehends außer Reichweite, und die US-Zentralbank wird ihren Leitzins, anders als an den Finanzmärkten noch zu Jahresbeginn erwartet, im Sommer wohl...
Persistent link: https://www.econbiz.de/10014583755
Zu Beginn des Jahres 2024 zeigen Stimmungsindikatoren etwas aufgehellte Aussichten für die internationale Konjunktur. Dabei war die weltweite Produktionsdynamik noch bis Ende 2023 zurückgegangen. Ursachen waren hohe Inflation, restriktive Geldpolitik und in Europa der russische Krieg gegen die...
Persistent link: https://www.econbiz.de/10014583760
The relationship between per capita income and a number of pollution indicators has been found to display an inverted U-shaped or downward-sloping pattern. Corruption may affect this relationship in two distinct ways: by raising pollution at given income levels (direct effect) and by reducing...
Persistent link: https://www.econbiz.de/10010260691
Does a country?s level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a generalised augmented Solow-type growth model, yields some answers to this question. In particular, we show that the impact of unemployment on productivity growth heavily depends...
Persistent link: https://www.econbiz.de/10010262354
Many theoretical models show that redistribution causes low growth or capital outflows even though empirically redistribution and growth are often found to be positively associated across countries. This paper argues that tax competition and the danger of capital outflows leads optimizing...
Persistent link: https://www.econbiz.de/10010262989
Recent studies have claimed that states with initiatives systems of legislation use this more direct from of democracy to improve productive resource allocation. This paper compares the economic performance of states with initiatives to states that do not have initiatives. We first construct a...
Persistent link: https://www.econbiz.de/10010263259
This paper explores the interrelations between economic growth, international trade and environmental degradation both theoretically and empirically. Panel data from developed and developing countries for the period of 1980 to 2003 is used and previous critique, especially on the econometric...
Persistent link: https://www.econbiz.de/10010263550
This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance transmission channel. At the theoretical level, we develop a simple dynamic general equilibrium model in which financial intermediaries make portfolio decisions on behalf of...
Persistent link: https://www.econbiz.de/10010264401
In this paper we used the procedures developed in the Kumar and Russell (2002) growth-accounting study to examine cross-country growth during the 1990's. Using a data set comprising developed, newly industrialized, developing and transitional economies, we decomposed the growth of output per...
Persistent link: https://www.econbiz.de/10010264980
Persistent link: https://www.econbiz.de/10010265376