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that the current EU budget setting is, at best, neutral with respect to the EU-wide long-term growth potential and may …This paper analyses the European budget and the position of the ten new member states. We argue that the EU budget … should be reconsidered, as the Union has expanded to 27 member states and has become more heterogeneous. The budget …
Persistent link: https://www.econbiz.de/10012776902
We show that the effects of inflation on growth change substantially as the inflation rate rises. Moreover the … inflation first begins to seriously negatively affect growth is around 8% for industrial economies but 3% or less for developing … countries. Marginal growth costs for developing countries then decline significantly above 50% inflation. Failure to account for …
Persistent link: https://www.econbiz.de/10011560902
Persistent link: https://www.econbiz.de/10011568878
) that de-growth is necessary, ii) that the market economy is part of the problem rather than part of the solution to climate …
Persistent link: https://www.econbiz.de/10012166055
We provide a comprehensive assessment of the relationship between public debt and GDP growth in the postwar advanced … economies. We use the timing of changes in public debt and growth to account for endogeneity, and find little evidence of a …
Persistent link: https://www.econbiz.de/10011637316
There are common narratives about economic growth in Ethiopia. We analyze four common narratives, namely, that (1) the … economy is transforming from agriculture to industry, (2) that national economic growth has been rapid and sustained, (3) that …
Persistent link: https://www.econbiz.de/10011956354
Nigeria has been a federation before 1963. This was expected to foster speedy growth and development, but military … terms of its impact on economic growth, so as to uphold or refute the claims of the defects in the present status quo. Time … actually foster economic growth, but this growth may have been inhibited by corruption, ineffective leadership, unconducive …
Persistent link: https://www.econbiz.de/10013348422
Persistent link: https://www.econbiz.de/10009489588
Persistent link: https://www.econbiz.de/10010374765
-capita growth. The OLG model captures direct effects, working through adjustments in the savings rate, labor supply, and capital … politico-economic equilibrium. Growth is driven by capital accumulation and productivity increases fueled by public investment … to demographic ageing and per-capita growth to accelerate. If the retirement age were held constant, the growth rate in …
Persistent link: https://www.econbiz.de/10009300343