Showing 1 - 10 of 880
Progress in achieving institutional changes should be evaluated through the prism of their influence on the development abilities of the relevant country. In Poland, during 20 years of comprehensive systemic shift, GDP increased more than in any other postsocialist country. To judge the...
Persistent link: https://www.econbiz.de/10010273403
nstitutions are not only created and built, but also, and especially, need to be learnt. It is a process which takes place in all economies, but acquires a special importance in less advanced countries. Not only theoretical arguments, but also the practical experience over the past 15 years...
Persistent link: https://www.econbiz.de/10010284550
used for forecasting and policy analysis at central banks and other institutions. In this paper we provide a brief …
Persistent link: https://www.econbiz.de/10010317112
used for forecasting and policy analysis at central banks and other institutions. In this paper we provide a brief …
Persistent link: https://www.econbiz.de/10009355420
This paper deals with some structural indicators and their evolution, in China and regions, over the period 1981-2010. We first produce estimates of the optimal productivities of incremental capital and the optimal incremental income elasticity of capital by means of a linear programming...
Persistent link: https://www.econbiz.de/10009732274
A renewed interest in explaining growth in the Caribbean countries is motivated by the somewhat slow but uneven performance in the past decade: per capita GDP gaps in Caribbean countries have widened in relation to the United States, whereas standard theories would predict convergence. This...
Persistent link: https://www.econbiz.de/10011292983
trillion, the highest in United States history. To the surprise of most economists the United States entered a period of …
Persistent link: https://www.econbiz.de/10012772423
This paper seeks to address shortcomings in the growth literature – neoclassical growth theory and growth accounting. Specifically, the paper reformulates our understanding of the process of technical change, so that we view Hicks- and Harrod-neutral technical change as consistent, inseparable...
Persistent link: https://www.econbiz.de/10012983982
Luigi Pasinetti’s work has deeply affected modern economic theory. His papers on the Cambridge Capital Controversy are world renowned. But he has made many other contributions to the economic debates of the last half century, offering not only detailed criticisms of mainstream economic theory,...
Persistent link: https://www.econbiz.de/10014127679
countries were more affected by the actual crisis. Today all forecasts are suffering by uncertainty. Last time, economists, with … that economists are using seem to be not adequate for the new situation, especially due to the large extension of the …
Persistent link: https://www.econbiz.de/10010529078