Showing 1 - 10 of 30,371
expropriation is the more severe impediment to economic development, ours indicate that both expropriation risk and contract … of private ownership is associated with greater reinvestment. At China's current stage of development, it appears that …
Persistent link: https://www.econbiz.de/10014071540
This paper studies the industrial structure change induced by factor endowment changes, and explores the linkage between structural coherence and economic growth. Here structural coherence is defined as the degree that a country's industrial structure optimally reflects its factor endowment...
Persistent link: https://www.econbiz.de/10013144891
Swarnajayanti Gram Swarozgar Yojana (SGSY) is a government-sponsored microfinance program. The scheme is based on four features: group lending with joint liability, progressive lending, back-ended subsidy, and social capital. We propose a new model of SGSY having these features: group lending...
Persistent link: https://www.econbiz.de/10010489777
The macroeconomic effects on growth, investment and private sector employment of different ways of rolling back the … cutting public spending on private goods induce an investment boom. Making the tax system less progressive by cutting tax … credits and the income tax rate induces an investment boom as well. The effects of endogenous growth, adjustment costs for …
Persistent link: https://www.econbiz.de/10011506465
The emphasis in post-Keynesian macroeconomics on wage- versus profit- led growth may not have been helpful. The profit share is not an exogenous variable, and the correlations between the pro.t share and economic growth can be positive for some exogenous shocks but negative for others. The...
Persistent link: https://www.econbiz.de/10011522218
holds for the microeconomic response of some of the most important economic variables, such as investment, labor demand, and … actual response to shocks is less than half as fast as the estimated response. For investment, labor demand and prices, the …, even after aggregating investment across all establishments in U.S. manufacturing, the estimate of its speed of adjustment …
Persistent link: https://www.econbiz.de/10011609531
This study aims to analyze the Keynes' investment and saving model in Indonesia from 1981 to 2018. The researchers use … affects the consumption loans more compared to the investment loans. Besides, increased consumption compared to saving has … more influence in raising investment. However, the Vector Error Correction Model proves that saving negatively affects …
Persistent link: https://www.econbiz.de/10014466431
Persistent link: https://www.econbiz.de/10012661277
Persistent link: https://www.econbiz.de/10011665284
Historically, episodes of rapid growth are accompanied by significant structural change. In this paper we therefore aim to quantify the extent to which factor accumulation induces structural change and productivity growth in industrializing economies. To fix ideas we present an extension of...
Persistent link: https://www.econbiz.de/10010263207