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obsolete and make business service outsourcing via cross-border trade more feasible. Although the (service-led) growth … to trade commercial- and specialized business services on long-run growth by applying a dynamic panel data approach to … account for unobserved country specific effects and endogenous growth determinants. The system GMM estimates validate that a …
Persistent link: https://www.econbiz.de/10010291838
impact of these shocks on economic growth. This paper reviews the literature on macroeconomic vulnerability and finds that …
Persistent link: https://www.econbiz.de/10010293290
of societal risk transfer mechanisms mitigating the effects disasters. Dynamic panel estimates using growth data from a …
Persistent link: https://www.econbiz.de/10010293431
This paper challenges the conventional view according to which disinflations in LAC-even from low and moderate peaks-have been carried out at no cost to output. After suggesting a new methodology that allows for long-lived effects and inflation inertia when measuring costs of disinflations,...
Persistent link: https://www.econbiz.de/10010293509
This paper analyzes the existing relationship between economic growth and the monitoring of corruption and examines the … possible outcome of the implementation of a State reform in order to weed out corruption. Growth is always higher when … monitoring is high and therefore corruption eradicated. But growth declines when monitoring against corruption is not too high …
Persistent link: https://www.econbiz.de/10010293997
Williamson (1965) argued that catching up countries experiencing strong national growth tend also to see a widening in … regional disparities, whereas in more developed economies strong national growth and falling regional disparities could go hand … in hand. We find some evidence of a trade-off between national growth and regional dispersion in the EU's Cohesion …
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transition as a change in general purpose technology (GPT) and investigate how it interferes with economic growth driven by …
Persistent link: https://www.econbiz.de/10010306033
adaption to the new free-market rules. These rules would then lead to fast economic growth and development, as they did in … of its full growth potential. …
Persistent link: https://www.econbiz.de/10010307928