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Convergence, productivity and debt : the case of Hungary

Baksa, Dániel; Kónya, István - 2019

We study the role of productivity convergence and financial conditions in the recent growth experience of Hungary. We build a stochastic, small-open economy growth model with productivity convergence, capital accumulation and external borrowing. Using empirically identified processes for...

Persistent link: https://www.econbiz.de/10012107277

The global impact of Chinese growth

Fujiwara, Ippei; Otsu, Keisuke; Saito, Masashi - 2011

Three decades have passed since China dramatically opened up to the global market and began to catch up rapidly with leading economies. In this paper we discuss the effects of China's opening-up and rapid growth on the welfare of both China and the rest of the world (ROW). We find that the...

Persistent link: https://www.econbiz.de/10009161992

Impact of imported intermediate and capital goods on economic growth: A Cross country analysis

Veeramani, C. - Indira Gandhi Institute of Development Research (IGIDR) - 2008

intermediate goods and capital equipments a country imports and from where it imports indeed matters for its long-run growth. Using … productivity level associated with a country's imports. Using instrumental variable method (to address the endogeneity problems …

Persistent link: https://www.econbiz.de/10005537294

Durable goods and ICT : the drivers of Euro area productivity growth?

Jalava, Jukka (contributor); … - 2008

The purpose of this paper is to estimate the effect of durable goods and ICT on Euro Area economic growth and productivity change; when expenditure on consumer durables is recorded as capital investment. The capitalization of consumer durables impacts both the levels and growth rates of the...

Persistent link: https://www.econbiz.de/10003692312

Ageing and Productivity Growth : Are There Macro-Level Cohort Effects of Human Capital?

Werding, Martin - 2021

Slower growth of the labour force and an increase in old-age dependency will reduce the growth of aggregate output and output per capita in many developed countries. However, a major question is whether there is any systematic link between demographics and the productivity of those who will...

Persistent link: https://www.econbiz.de/10013316605

Productivity Performance and Export Performance: A Time-Series Perspective

Hatemi-J, Abdulnasser; Irandoust, Manuchehr - In: Eastern Economic Journal 27 (2001) 2, pp. 149-164

productivity and exports are causally related in the long run for each economy. The results suggest that export growth contributes … to productivity growth and, thus, the expansion of exports is an integral part of productivity growth. We interpret these …

Persistent link: https://www.econbiz.de/10005641843

Exporting and Productivity

Bernard, Andrew B.; Jensen, J. Bradford - 2012

role in increasing productivity growth in U.S. manufacturing. Contemporaneous levels of exports and productivity are indeed …

Persistent link: https://www.econbiz.de/10014044724

Catching up of emerging economies : the role of capital goods imports, FDI inflows, domestic investment and absorptive capacity

Glas, Alexander; Hübler, Michael; Nunnenkamp, Peter - 2015

We assess the role of capital goods imports and inflows of foreign direct investment (FDI) as transmission channels …

Persistent link: https://www.econbiz.de/10010479372

No easy balancing act : reducing the balance of payments constraint ; improving export competitiveness and productivity ; and absorbing surplus labor - the Indian experience

Nabar-Bhaduri, Suranjana - 2011

production of import substitutes, which would lower the income elasticity of demand for imports. While a reduction of the balance … that a reduction of the balance of payments constraint may be more the result of an improvement in the net exports of … services, than an improvement in the external competitiveness of merchandise exports. As such, a country may exhibit trade …

Persistent link: https://www.econbiz.de/10008937471

Diffusion of technology and convergence of income among countries

Oz, Sumru - 2014 - Preliminary version; April 9, 2014

Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic mechanism of per capita income convergence among countries....

Persistent link: https://www.econbiz.de/10010251655