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fact, these events, combined with subsequent slow growth and two continuing unfunded wars, have resulted in a national debt … means of achieving the long-term economic growth necessary to create jobs and restore prosperity, and thereby reduce … borrowing and pay down debt.The government deficit and debt are inextricably connected to economic growth. As such, the …
Persistent link: https://www.econbiz.de/10013120084
In the present paper an empirical analysis will point out that government debt as a percentage of GDP has a negative impact (among others) on banking profitability. This impact will be even worse when this debt as a percentage of GDP exceeds a certain critical level. The sample covers during the...
Persistent link: https://www.econbiz.de/10013118499
, the growing use of intermediates imported from China has contributed to the productivity growth within the manufacturing … of intermediates to China have an independent, significant positive effect on the productivity growth in the high …
Persistent link: https://www.econbiz.de/10013314709
This work analyzes the process of convergence of the per capita incomes of Mexico and the USA from 1954 to 2008. It was found a point of rupture occurring in this process in the last quarter of 1982. It is analyzed the gap between the levels of their per capita incomes and find that it was...
Persistent link: https://www.econbiz.de/10008691744
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Economists and demographers have long argued that fertility differs by income (differential fertility), and that social security creates incentives for people to rear fewer children. Does the effect of social security on fertility differ by income? How does social security change the...
Persistent link: https://www.econbiz.de/10010292020
Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear … that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we … growth and unbundling spatial lags matters. Robustness is verified by re-estimating our regressions with fixed effects and …
Persistent link: https://www.econbiz.de/10010276225