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Growth and stagnation in a dual economy : the case of Brazil
Feijó, Carmem; Lamonica, Marcos Tostes; Lima, Sergiany … - In: PSL quarterly review 75 (2022) 301, pp. 119-138
The aim of the present article is to further develop the line of research initiated by Oreiroet al. (2019) by expanding the database used to calculate the EQI and the EQG, but also to control the effects of variables other than the EQG, such as the amount of capital per worker, over the PCIG and...
Persistent link: https://www.econbiz.de/10013279805
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Manufactoring, economic growth, and real exchange rate : empirical evidence in panel data and input-output multipliers
Gabriel, Luciano Ferreira; Ribeiro, Luiz Carlos de Santana - In: PSL quarterly review 73 (2020) 292, pp. 51-75
growth. We use dynamic panel models and the calculation of output and employment multipliers for a diversified sample of … RER on the real per capita incomegrowth rate. Finally, the manufacturing industry's output multipliers and employment …
Persistent link: https://www.econbiz.de/10012288231
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Does the instability of economic development affect the elasticity of the labour market?
Daňová, Monika; Vozárová, Ivana Kravčáková - In: Národohospodářský obzor : časopis věnovaný … 21 (2021) 3, pp. 291-308
Despite extensive research, the estimates of changes in employment are heter-ogeneous in different conditions of … employment elasticity compared to its values in economies with a stable development trend. Based on this, we formulate the …
Persistent link: https://www.econbiz.de/10012651347
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Structural change ramififications of consumer credit expansion in a two sector growth model
Uğurlu, Esra Nur - 2021
This paper analyzes the structural change implications of consumer credit expansions in a dual-sector open economy growth model. Policy-induced increases in banks' willingness and ability to lend result in new consumer lending, boosting consumption demand and average wages in the nontradable...
Persistent link: https://www.econbiz.de/10012603873
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Jobless Recoveries : Stagnation or Structural Change?
Burger, John D. - 2016
Within the existing literature on jobless recoveries a bit of a puzzle is emerging. On the one hand there is evidence of dynamic structural change including off-shoring/globalization and skill-biased technological advances. Other studies emphasize a less dynamic economy with slower growth,...
Persistent link: https://www.econbiz.de/10012989422
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Prosperity in a changing world : structural change and economic growth
Demary, Vera; Grömling, Michael; Kolev, Galina V.; … - 2016
Structural change is both a challenge and an opportunity for countries and companies. However, there is no silver bullet in terms of superior economic models. Instead, different economic models can deal with structural change in a successful way. Both economies with a focus on services and those...
Persistent link: https://www.econbiz.de/10011480603
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Structural Transformation Paths
Maldonado, Norman - 2013
We propose an algorithm that identifies paths for structural transformation. The algorithm uses information regarding similarity (distance) between traded goods and finds sequences of traded goods that describe the shortest path between current comparative advantages of a country and its...
Persistent link: https://www.econbiz.de/10013089573
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Catching Up, Structural Transformation, and Inequality : Lessons from Asia
Martorano, Bruno - 2016
While structural transformation, driven by technological progress, productivity growth, and capital deepening, has contributed to Asia's sustained rapid growth, its effect on income inequality is uncertain. The central objective of our paper is to empirically examine the effect of structural...
Persistent link: https://www.econbiz.de/10012986571
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Fiscal Policy under Long-Run Stagnation : A New Interpretation of the Multiplier Effect
Murota, Ryu-ichiro - 2015
aggregate demand deficiency. We show that an increase in government purchases boosts GDP through a multiplier process, but the … that directly creates employment in order to reduce the deflationary gap …
Persistent link: https://www.econbiz.de/10013022238
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Challenges of the output-employment growth imbalance in transition economies
Mihajlović, Vladimir; Marjanovic, Gordana - In: Naše gospodarstvo : NG 67 (2021) 2, pp. 1-9
Okun's law. However, in transition and emerging markets economies' context, the output-employment nexus has a much more … transition) countries to find out a discrepancy between the output and employment growth. Therefore, the employment elasticity … satisfactory employment growth, which is commonly referred to as a "jobless growth" hypothesis. Accordingly, this paper attempts to …
Persistent link: https://www.econbiz.de/10012619838