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't recovered. This cost the economy an estimated $75.6 billion. It has led to a neglect of employment and a policy myopia in which … growth is seen as the only instrument of employment promotion. The logic of a shift from government to markets assumes the …
Persistent link: https://www.econbiz.de/10013240764
The aim of this paper is to provide new estimates of employment-output elasticities and assess the effect of structural … and macroeocnomic policies on the employment-intensity of growth. Using an unbalanced panel of 167 countries over the … reducing government size have a significant and positive impact on employment elasticities. In addition, the results also …
Persistent link: https://www.econbiz.de/10013098588
This paper provides a critique of the ``unemployment invariance hypothesis,'' according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and the labor force. Using Solow growth and endogenous...
Persistent link: https://www.econbiz.de/10005106368
This paper analyzes the impact of global financial and economic crisis on the process of system transformation in China. First, it details the direct impact of global growth on macroeconomic development and its indirect impact on economic transformation. Second, it analyzes the direct impact of...
Persistent link: https://www.econbiz.de/10003824121
Persistent link: https://www.econbiz.de/10013101550
Scholars have typically explained the developmental performance of late-late developers through the analytical lens applied to East Asian developmental states, a lens that focuses on bureaucratic capacity and the bureaucracy's relationship with businesses and with society more broadly. In...
Persistent link: https://www.econbiz.de/10012840772
The purpose of this paper is to examine the transition of economic freedom indexes themselves among countries in the world instead of their economic effect. The three central questions of this study are: Do economic freedom sub-indexes converge? Do some sub-indexes of economic freedom display...
Persistent link: https://www.econbiz.de/10012973393
An economy with a stable medium-term growth rate of zero - or any other politically determined growth rate - needs new regulations and institutions to realise this target. Such an economy would look very different compared with the existing type of capitalism we have today in the Global North....
Persistent link: https://www.econbiz.de/10012643834
Corruption is often cited as a fundamental obstacle to economic development, making anticorruption initiatives an important policy objective. However, there is little convincing empiricalevidence concerning the benefits of anti-corruption reform. We fill this gap by identifying a set ofcountries...
Persistent link: https://www.econbiz.de/10013323690
China has experienced extraordinary institutional and socio-economic changes after 1978, and its deepening reform to market-oriented economy since 1990s was also recognized as one the most significant factors to drive China's rise in the contemporary world. Although many aspects of China's...
Persistent link: https://www.econbiz.de/10011650406