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Malaysia has followed a comparatively equitable development path, largely eliminating absolute poverty and greatly reduced ethnic inequality. Income and wealth inequality have gradually declined since the mid-1970s. With the “people economy” at the centre of Malaysia’s ambition to become a...
Persistent link: https://www.econbiz.de/10011700175
The study investigated the dynamic interaction between savings, investment and economic growth in Nigeria within the …, should ensure that the savings with deposit money banks are properly channelled to long-term investment. The study further … attention to the dynamic interaction between GDS, and GDI by ensuring that the savings generated are properly channelled to …
Persistent link: https://www.econbiz.de/10012845749
surpluses tend to have sufficient fiscal space. The evidence suggests that excessive savings rather than insufficient investment … consumption, either by raising the level of household disposable income or reducing the savings rate are likely to have the … precautionary savings. Governments can raise investment spending directly through increased government investment, especially …
Persistent link: https://www.econbiz.de/10010286146
surpluses tend to have sufficient fiscal space. The evidence suggests that excessive savings rather than insufficient investment … consumption, either by raising the level of household disposable income or reducing the savings rate are likely to have the … precautionary savings. Governments can raise investment spending directly through increased government investment, especially …
Persistent link: https://www.econbiz.de/10008907795
The aftermath of the global financial crisis of 2007-2009 has called the export-led growth model of Asian economies into question. This paper describes the contribution that macroeconomic policy can make to promote a rebalancing of growth away from dependence on exports to developed economies to...
Persistent link: https://www.econbiz.de/10013130000
Estonia is widely regarded as a paramount example for a successful transformation of a socialist economic system to a functioning market economy. Against the backdrop of this positive image which contrasts strongly with the crisis scenarios in Southern Europe the remaining problems of Estonia...
Persistent link: https://www.econbiz.de/10010384187
This paper attempts to analyze the growth effects of social security expenditures in Germany from a time series perspective. Therefore, a regression model based on standard determinants of growth is specified and estimated as a vector error correction model. Results show that there is a...
Persistent link: https://www.econbiz.de/10013554913
This paper investigates the linkage between social protection and economic resilience. Does social protection have an impact on income? What role do social protection policies play in strengthening a society's capacity to overcome economic hardships? The recent crisis has brought these questions...
Persistent link: https://www.econbiz.de/10011532279
Broadly speaking, developing Asia and Latin America are at similar income and development levels. Relative to the advanced economies, economic growth and development are much more urgent priorities for both, yet Latin America has significantly more experience in using fiscal policy to tackle...
Persistent link: https://www.econbiz.de/10010463674
Persistent link: https://www.econbiz.de/10001853783