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The potential interactions among fiscal policies, investments and economicgrowth are complex and manifold.In this paper, we will perform a systematic comparative analysis of the variouseconomic insights that arecurrently available on these complex relationships, both theoretically (by aselective...
Persistent link: https://www.econbiz.de/10011301152
This paper explores the link between trade structure, trade specialization and per capita incomegrowth. It is argued that industrial upgrading in export specialization patterns has a positive long-rungrowth effect, while the effect of structural change in industrial import patterns is in...
Persistent link: https://www.econbiz.de/10011335211
The aim of the paper is to examine the economic growth of 32 European countries from 2005 to 2015. This period was characterized by a strong growth prior to 2009, when the Great Recession started, and lasted until 2012-2013 in the majority of examined countries. The growth between 2005 and 2015...
Persistent link: https://www.econbiz.de/10011869942
This paper shows that tourism specialisation can help to explain the observed high growth rates of small countries. For … small poor economy, which does not have an own engine of growth and produces tradable tourism services. The poor country … exports tourism services to and imports capital goods from the rich economy. In one model tourism is a luxury good, while in …
Persistent link: https://www.econbiz.de/10013124748
Do more open financial economies grow faster? The short answer is yes, as long as certain policies are in place. This paper extends previous studies by analyzing how different legal protections interact with each other and with initial wealth to allow financial openness to enhance growth. I...
Persistent link: https://www.econbiz.de/10012728488
The Global Competitiveness Index is treated as a standard to measure the competitiveness of countries. Leaders look at it to make policy and resource allocation decisions because global competitiveness is expected to be related to economic growth. However, studies which analyze the empirical...
Persistent link: https://www.econbiz.de/10012966735
We attempt to analyze the effects of the currency crises on the long-run growth by using a cross-sectional country data set. After controlling for the post-crisis period, we find that the effects of the currency crises on the long-run growth are strictly negative and significant. We also find...
Persistent link: https://www.econbiz.de/10014049464
This paper investigates the link between overall specialization and growth, analyzing the shape of the relationship between the median of the sectoral distribution of the Balassa Index, our summary measure of overall specialization, and the level of per capita income. The median of the Balassa...
Persistent link: https://www.econbiz.de/10014083134
The aim of this article is to point out the importance of education on a sustained economic development strategy, having into account inter-sector relations and the influence of education in the growth of production per head. Three cross-country models are presented to analyze the evolution of...
Persistent link: https://www.econbiz.de/10012770814
globalisation would harm the world's poorest inhabitants. Professor Calomiris, well known for his work on national and international …
Persistent link: https://www.econbiz.de/10014026087