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The central thesis of the essay is that a successful process of national capitalist development in a world market characterized by the existence of multiple national currencies and divided in the hegemonic developed countries of the First World and the underdeveloped dependent countries of the...
Persistent link: https://www.econbiz.de/10013103293
The main argument of the essay is that a succesfull process of national capitalist development in a world market characterized by the existence of multiple national monies and divided in the hegemonic developed countries of the First World and the underdeveloped dependent countries of the Third...
Persistent link: https://www.econbiz.de/10013147747
This paper examines the impact of terrorism on economic growth and capital formation using data for 152 countries from … find that terrorist incidents have a negative and significant impact on economic growth and capital formation. We also find … with both growth and capital formation …
Persistent link: https://www.econbiz.de/10014059225
's economy. As a consequence, companies did not reduce their investments. …
Persistent link: https://www.econbiz.de/10012816606
economic growth. However, the skepticisms are mostly reliant on single equation estimations of contemporaneous effects that may … dynamic links between investment, trade and income growth in SSA economies targeting at addressing the question: how the … impact flows from investment-GDP-trade openness-investment besides the twin feedbacks between GDP growth and growths of …
Persistent link: https://www.econbiz.de/10013102137
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
In this paper, we extend the usual models of irreversible investment under uncertainty by introducing the stock of public capital as an input for the private sector. Public investment takes place in a stochastic environment. Public capital then increases the productivity of private capital which...
Persistent link: https://www.econbiz.de/10012038764
Persistent link: https://www.econbiz.de/10001559581
spending on both education and public infrastructure proves to be the most effective way to permanently boost economic growth …We present an open economy growth model incorporating various elements of fiscal policy, including government … expenditure on education and public capital (infrastructure), budget deficit, internal and external public debt, public …
Persistent link: https://www.econbiz.de/10015189601
Persistent link: https://www.econbiz.de/10015055053