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Policy complementarities have often been overlooked in transition economies, leading to the exclusion or partial adoption of reforms. This paper examines the key determinants of successful transition strategies, and concludes that an approach exploiting complementary relationships and...
Persistent link: https://www.econbiz.de/10011277068
business background (CEO governors), focusing on income growth, unemployment, private investment, and income inequality … private capital stock, and a 0.6 percentage points lower unemployment rate than are the tenures of non-CEO governors. Income …
Persistent link: https://www.econbiz.de/10011557923
The approach put forward in this article is based on Schumpeter`s idea of creative destruction, the competitive process by which entrepreneurs are always looking for new ideas that will render their rivals` ideas obsolete. I present a model in which the rate of economic growth is sensitive to...
Persistent link: https://www.econbiz.de/10010301336
The approach put forward in this article is based on Schumpeter`s idea of creative destruction, the competitive process by which entrepreneurs are always looking for new ideas that will render their rivals` ideas obsolete. I present a model in which the rate of economic growth is sensitive to...
Persistent link: https://www.econbiz.de/10008534182
the correlation between inflation and unemployment. Analyses based on simulations using the Bank's multicountry model …
Persistent link: https://www.econbiz.de/10008871148
The approach put forward in this article is based on Schumpeter's idea of creative destruction, the competitive process by which entrepreneurs are always looking for new ideas that will render their rivals' ideas obsolete. I present a model in which the rate of economic growth is sensitive to...
Persistent link: https://www.econbiz.de/10010499923
Sweden represents an archetypal welfare state economy, with extensive government safety nets. Some scholars have attributed a decline in its per capita income ranking since 1970 to "eurosclerosis" or sluggish growth caused by distortionary policies. This paper argues rather, that the permanent...
Persistent link: https://www.econbiz.de/10005605036
reducing and equalizing regional unemployment. The goal is to bring unemployment down to the national average by creating new … and/or by safeguarding existing jobs, which also contributes to decreasing national unemployment and to GDP growth. The … targets: (1) minimization of unemployment, (2) maximization of GDP, and (3) equalization of regional unemployment rates …
Persistent link: https://www.econbiz.de/10010296109
reducing and equalizing regional unemployment. The goal is to bring unemployment down to the national average by creating new … and/or by safeguarding existing jobs, which also contributes to decreasing national unemployment and to GDP growth. The … targets: (1) minimization of unemployment, (2) maximization of GDP, and (3) equalization of regional unemployment rates …
Persistent link: https://www.econbiz.de/10009327970
In this paper, we study convergence in per capita gross regional products across Russian regions in the period from 1996 to 2017. To this purpose, we estimate growth equations, which are directly derived from a neoclassical growth model, augmented with human capital and migration. To our...
Persistent link: https://www.econbiz.de/10012183996