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In this article, we analyze extended periods of growth in Africa based on panel estimations from 27 African countries during the 1960-1996 period. Our main conclusion is that sustainable growth needs to be based on a balanced mix of capital accumulation, macroeconomic adjustment and structural...
Persistent link: https://www.econbiz.de/10014185934
The literature has mainly focused on analyzing the relationship of remittances with economic growth and social welfare, neglecting more complex aspects where remittances can have relevant implications. To contribute to the literature, the objective of this research is to examine the dynamic...
Persistent link: https://www.econbiz.de/10014635990
expected technical change, the higher the firms's investment rate and the lower the households' savings rate, remaining …
Persistent link: https://www.econbiz.de/10012864372
The present paper emphasizes the role of demand, income distribution, endogenous productivity reactions, and other structural changes in the slowdown of the growth rate of output and productivity that has been observed in the United States over the last four decades. In particular, it is...
Persistent link: https://www.econbiz.de/10012165405
Persistent link: https://www.econbiz.de/10001645263
Investment growth in emerging market and developing economies has slowed sharply since 2010. This paper presents a … comprehensive analysis of the causes and implications of this slowdown and presents a menu of policy responses to improve investment …, declining foreign direct investment inflows, elevated private debt burdens, heightened political risk, and adverse spillovers …
Persistent link: https://www.econbiz.de/10011635504
We propose a theoretical framework to reconcile episodes of V-shaped and L-shaped recovery, en- compassing the behaviour of the U.S. economy before and after the Great Recession. In a DSGE model with endogenous growth, negative demand shocks destroy productive capacity, moving GDP to a lower...
Persistent link: https://www.econbiz.de/10012627907
We propose a theoretical framework to reconcile episodes of V-shaped and L-shaped recovery, encompassing the behaviour of the U.S. economy before and after the Great Recession. In a DSGE model with endogenous growth, negative demand shocks destroy productive capacity, moving GDP to a lower...
Persistent link: https://www.econbiz.de/10012533939
The paper analyses adverse investment, growth and distributional effects of ultra-loose monetary policies based on the … substitute real investment by financial investment. When interest rates are expected to fall in the long term, the marginal and …
Persistent link: https://www.econbiz.de/10011428355
The study sought to test the impact of the policy rate on growth and investment in some selected countries in the Sub …
Persistent link: https://www.econbiz.de/10012869052