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On the speed of economic reform: tale of the tortoise and the hare
Merlevede, Bruno; Schoors, Koen - 2005
We analyse how the choice of reform speed and economic growth affect one another.We estimate a system of three equations where economic growth, economic reform and FDI are jointly determined. New reforms affect economic growth negatively, whereas the level of past reform leads to higher growth...
Persistent link: https://www.econbiz.de/10012148494
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Reform, FDI and Economic Growth: Tale of the Tortoise and the Hare
Merlevede, Bruno; Schoors, Koen - William Davidson Institute, University of Michigan - 2004
Our main interest is the impact of the choice of the speed of economic reform on economic growth. We estimate a system of 3 equations where economic growth, economic reform and FDI are jointly determined. We find that new reforms affect economic growth negatively but attract FDI, whereas the...
Persistent link: https://www.econbiz.de/10005677706
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On the Speed of Economic Reform: Tale of the Tortoise and the Hare
Merlevede, Bruno; Schoors, Koen - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2005
We analyse how the choice of reform speed and economic growth affect one another. We estimate a system of three equations where economic growth, economic reform and FDI are jointly determined. New reforms affect economic growth negatively, whereas the level of past reform leads to higher growth...
Persistent link: https://www.econbiz.de/10005419609
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The Coming Golden Age of New Europe
Marcin, Piatkowski - Volkswirtschaftliche Fakultät, … - 2009
New Europe has never had it so good. Its income, quality of life and level of happiness have never been closer to that of the developed countries in Western Europe. With its per capita income at an all-time high and the quality of life almost indistinguishable from developed countries, the...
Persistent link: https://www.econbiz.de/10008497656
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Countrymetrics: valutazione della performance economica e tecnologia dei paesi e posizionamento dell’Italia
Coccia, Mario - In: Rivista Internazionale di Scienze Sociali 113 (2005) 3, pp. 377-412
The paper aims at explaining the ineffectiveness of the tripartite social pact of July 1993 (the so-called July Protocol) in fostering growth, further to curbing inflation and favouring employment. In the light of labour productivity dynamics, wage moderation after 1993 appears as a significant...
Persistent link: https://www.econbiz.de/10010786950
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Democracy and growth : evidence of a new measurement
Gründler, Klaus; Krieger, Tommy - 2015
We present a novel approach for measuring democracy based on Support Vector Machines, a mathematical algorithm for … pattern recognition. The Support Vector Machines Democracy Index (SVMDI) is continuously on the 0-1-interval and enables a … very detailed measurement of democracy for 188 countries between 1981 and 2011. Application of the SVMDI highlights a …
Persistent link: https://www.econbiz.de/10011405138
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The corruption-growth relationship : do political institutions matter?
Saha, Shrabani; Sen, Kunal - 2019
Corruption is widely believed to negatively affect economic growth. However, many East and Southeast Asia countries either achieved or currently are achieving impressively rapid economic growth despite widespread corruption - the 'East Asian Paradox'. Is this negative relationship equally likely...
Persistent link: https://www.econbiz.de/10012102930
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Democracy and Growth: Evidence of a New Measurement
Gründler, Klaus; Krieger, Tommy - 2015
We present a novel approach for measuring democracy based on Support Vector Machines, a mathematical algorithm for … pattern recognition. The Support Vector Machines Democracy Index (SVMDI) is continuously on the 0-1-interval and enables a … very detailed measurement of democracy for 188 countries between 1981 and 2011. Application of the SVMDI highlights a …
Persistent link: https://www.econbiz.de/10011431182
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The corruption-growth relationship: Do political institutions matter?
Saha, Shrabani; Sen, Kunal - 2019
Corruption is widely believed to negatively affect economic growth. However, many East and Southeast Asia countries either achieved or currently are achieving impressively rapid economic growth despite widespread corruption - the 'East Asian Paradox'. Is this negative relationship equally likely...
Persistent link: https://www.econbiz.de/10012146549
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Democracy and Economic Growth: Optimal Level and Transmission Channels
Mo, Pak Hung - In: Frontiers of Economics in China 10 (2015) 1, pp. 85-112
After evening out all the benefits and costs, the overall optimal level of democracy is about 3.2, on a scale of 1 to 7 … have a conditioned growth rate of 1.146 while countries with the optimal level of democracy/autocracy have a conditioned … growth rate of 2.665. In the case of a fully dictatorial country, moving one unit towards democracy can raise the GDP growth …
Persistent link: https://www.econbiz.de/10011210493