Narrow search
Showing 1 - 10 of 2,982
Cover Image
Product Variety and Economic Growth : Empirical Evidence for the OECD Countries
Funke, Michael - 2021
This paper uses panel data for 19 OECD countries and finds support for the hypothesis that a greater degree of product variety relative to the United States helps to explain relative per capita GDP levels. The empirical work relies upon some direct measures of product variety calculated from...
Persistent link: https://www.econbiz.de/10013317978
Cover Image
Product Variety and Economic Growth; Empirical Evidence for the OECD Countries
Funke, Michael; Ruhwedel, Ralf - 2021
Utilizing panel data for 19 OECD countries we find support for the hypothesis that a greater degree of product variety relative to the US helps to explain relative per capita GDP levels. The empirical work relies upon some direct measures of product variety calculated from 6-digit OECD export...
Persistent link: https://www.econbiz.de/10013321070
Cover Image
A New Market Paradigm for Sustainable Growth : Financing Broader Capital Ownership with Louis Kelso's Binary Economics
Ashford, Robert - 2011
This article describes how Louis Kelso's binary economics can be used to open the prevailing system of corporate finance to enable all people to access non-recourse corporate credit so as to enable them to acquire capital with the earnings of capital. In economies operating at less than full...
Persistent link: https://www.econbiz.de/10013128017
Cover Image
Mercantilism, Capital Accumulation, and Economic Development in the (National) Monetary Production Economy
Matallana, Hernando - 2012
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
Cover Image
Real Exchange Rates and Sectoral Productivity in the Eurozone
Berka, Martin - 2019
We investigate the link between real exchange rates and sectoral TFP for eurozone countries. We show that real exchange rate variation, both cross-country and time-series, closely accords with an amended Balassa-Samuelson interpretation, incorporating sectoral productivity shocks and a labor...
Persistent link: https://www.econbiz.de/10012890363
Cover Image
How well the balance-of- payments constraint approach explains the Portuguese growth performance : empirical evidence for the 1965-2008 period
Antunes, Micaela; Soukiazis, Elias - 2010
growth by the ratio of the exports growth relative to the income-elasticity of the demand for imports. The income … entire period and this is consistent with the income-elasticity of the demand for exports exceeding that of imports, as … respect to imports. To overcome this problem, policies are needed to improve the supply characteristics of exports related to …
Persistent link: https://www.econbiz.de/10012654666
Cover Image
Natural, Effective and Bop-Constrained Rates of Growth : Adjustment Mechanisms and Closure Equations
Porcile, Gabriel - 2018
The interaction between the effective (yE) and the natural rates of growth (yN) is a central part — implicitly or explicitly addressed — in all growth models. A stable equilibrium requires these two rates to converge; otherwise, one or more key macroeconomic variables would be rising or...
Persistent link: https://www.econbiz.de/10012914944
Cover Image
The relation between budget deficits and growth : complicated but clear
Wray, L. Randall; Lin, Eric - 2024
This paper looks at the relationship between government budget deficits and the growth rate of GDP. While orthodox economic theory offers several reasons to believe that growing deficits might be associated with slower growth, and would ultimately be unsustainable, Keynesians assert that...
Persistent link: https://www.econbiz.de/10015069505
Cover Image
Precautionary Savings in the Great Recession
Mody, Ashoka - 2012
Heightened uncertainty since the onset of the Great Recession has materially increased saving rates, contributing to lower consumption and GDP growth. Consistent with a model of precautionary savings in the face of uncertainty, we find for a panel of advanced economies that greater labor income...
Persistent link: https://www.econbiz.de/10013110097
Cover Image
Exporters, importers and credit constraints
Muûls, Mirabelle - In: Journal of international economics 95 (2015) 2, pp. 333-343
Persistent link: https://www.econbiz.de/10010518758