This paper discusses the goal conflict between social protection and economic growth as well as employment. Taking the German economy as an example for the large continental economies of Old Europe, it analyzes twenty mechanisms that affect the fundamentals of the economy negatively and imply...

Mit dem Wachstumsbeschleunigungsgesetz vom Dezember 2009 ist ein drittes Maßnahmenpaket in die Wege geleitet worden, mit dessen Hilfe die Folgen des Wirtschaftseinbruchs im Jahr 2009 abgefedert bzw. diesen entgegen gewirkt werden sollte. Die darin enthaltenen steuerlichen Sofortmaßnahmen...

This paper identifies and analyses some key challenges that OECD and partner economies may face over the coming 50 years if underlying global trends relating to growth, trade, inequality and environmental pressures prevail. For example, global growth is likely to slow and become increasingly...

It is expected that binding biophysical constraints have the potential to slow growth and impede the improvement of other key macroeconomic variables. Using a DYNK (Dynamic New Keynesian) model of the EU27, we study two different environmental policy options and evaluate their impact on...

Economic growth is the basis of increased prosperity. This makes the attainment of growth a key objective for governments across the world. The rate of growth can be affected by policy choices through the effect that taxation has upon economic decisions and through productive public...

This paper surveys the literature on regional inequality in contemporary China. It reviews the trend of convergence or divergence of real GDP or income across different regions in China since 1952, and examines the degree of regional inequality using different measurements. It then discusses...

Over the last decade, the Iranian government budget on military has been higher than the average of the world. The current increasing international sanctions aim to reduce the military capabilities and capacities of the Iranian government. We analyze the response of the Iranian economy to shocks...

Aim/purpose - This study examined the impact of public sector spending and governance on economic growth in Sub-Saharan Africa (SSA) and further assessed the role of governance in the causal relationship between public sector spending and economic growth in the sub-region....

This paper discusses the goal conflict between social protection and economic growth as well as employment. Taking the German economy as an example for the large continental economies of Old Europe, it analyzes twenty mechanisms that affect the fundamentals of the economy negatively and imply...

Purpose – The purpose of this paper is to examine the relationship between banking development and the size of shadow economies by employing data on 137 countries over the period from 1995 to 2007. Both cross-sectional and panel analysis suggest that an improvement in the development of the...