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China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10010231008
the middle-aged age groups. Likewise, the process of ageing would have consequences for the composition of Swiss GDP: the …
Persistent link: https://www.econbiz.de/10012205397
This paper was prepared in support of Japan’s G20 Presidency. It takes stock of ongoing and projected population ageing … ageing-related challenges and highlights good practices. A comprehensive approach is needed, tailored to each country …
Persistent link: https://www.econbiz.de/10012136129
OECD countries and their regions are ageing fast. In principle, the negative impact of ageing on the growth rate of per … years. One reason for this is that ageing also has a direct negative impact on productivity growth, with the effect being … affected by demographic change, is a more solid driver of productivity growth. Finally, ageing seems to be associated with a …
Persistent link: https://www.econbiz.de/10012132889
The three main financial inflows to developing countries have largely increased during the last two decades, despite the large debate in the literature regarding their effects on economic growth which is not yet clear-cut. An emerging literature investigates the dependence of their effects on...
Persistent link: https://www.econbiz.de/10012605579
Persistent link: https://www.econbiz.de/10012205605
Persistent link: https://www.econbiz.de/10014280462
We integrate age specific productivity differentials into a long-run neoclassical growth model for the Austrian economy with a highly disaggregated labor supply structure. We assume two life time productivity profiles reflecting either small or large hump-shaped productivity differentials and...
Persistent link: https://www.econbiz.de/10010293754
The long-run evolution of per-capita income exhibits a structural break often associated with the Industrial Revolution. We follow Mokyr (2002) and embed the idea that this structural break reflects a regime switch in the evolution of technological knowledge into a dynamic framework, using Airy...
Persistent link: https://www.econbiz.de/10011422148
In the report we analyse the reasons for the weakness of Finland’s economic performance over the past decade and assess the growth prospects in the coming 5 years. The weakness of Finland’s performance relative to comparative EU-countries since 2009 can largely be explained by the collapse...
Persistent link: https://www.econbiz.de/10012037707