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role to play, if at all, but the interaction between distribution and growth is at the centre of Marxian and post …-Keynesian/Kaleckian approaches when it comes to explaining medium- to long-run trends of economic growth - and stagnation. In this contribution we … will thus provide Marxian and Kaleckian assessments of the distribution and growth regimes under finance …
Persistent link: https://www.econbiz.de/10011790517
We show that an increase in aggregate uncertainty - measured by stock market volatility - reduces productivity growth … difference-in-difference approach using productivity growth of 25 industries from 18 advanced economies over the period 1985 …
Persistent link: https://www.econbiz.de/10011634332
and one important determinant of growth is investments in physical capital. This in turn is correlated with FDI, which is …This paper looks at economic growth and its fundamental determinants in Russia over the last decades. It starts by … showing that, contrary to the views of some political commentators, growth is highly important for the popularity of president …
Persistent link: https://www.econbiz.de/10012132420
. Putting Argentina on a path to stronger, inclusive and job-rich growth requires boosting productivity and strengthening … markets, taxes, infrastructure, skills, innovation, trade policy, rule of law and financial markets. Beyond changing the rules …
Persistent link: https://www.econbiz.de/10011823732
The issue of whether government capital is productive has received a great deal of recent attention. Yet, empirical analyses of public capital productivity have been limited to a small sample of countries for which official capital stock estimates are available. Building on a new database that...
Persistent link: https://www.econbiz.de/10014064013
Empirical explorations of the growth and aggregate productivity impacts of infrastructure have been characterized by … manufacturing over the 1970–2000 period, and a range of 19 infrastructure measures, explores the question of infrastructure … the possibility of endogeneity in the infrastructure measures renders the impact of infrastructure capital not only …
Persistent link: https://www.econbiz.de/10014183705
The history of the Indonesian sugar economy reveals a gloomy story of decline from being one of the largest exporters to the world’s biggest sugar importer. The suspected reasons for that reversal of status are that sugar production practices have not kept up with prominent international...
Persistent link: https://www.econbiz.de/10014134954
(growth regressions and growth accounting) to analyze the link between infrastructure, growth, and productivity. The main …This paper presents the state of infrastructure in developing Asian countries. It applies two distinct approaches … conclusion is that a number of countries in developing Asia have significantly improved their basic infrastructure endowments in …
Persistent link: https://www.econbiz.de/10013128661
fiscal positions of countries across the globe. In the ensuing fiscal adjustment process, public investments were severely … reduced in many countries. How harmful is this for growth perspectives? Our main objective is to find out whether the … importance of public capital for long run output growth has changed in recent years. We also aim to provide information on the …
Persistent link: https://www.econbiz.de/10012964860
continuous time series data, we causally identify, using a range of approaches, that higher productivity growth leads to greater …. Countries should focus on promoting policies to boost productivity growth and thereby achieve higher savings instead of focusing …
Persistent link: https://www.econbiz.de/10012321005