We examine the average causal impact of catastrophic natural disasters on economic growth by combining information from comparative case studies. For each country affected by a large disaster, we compute the counterfactual by constructing synthetic controls. We find that only extremely large...

Die kleinen und mittelgroßen Unternehmen (KMU) rücken immer stärker ins Zentrum der europäischen und deutschen Wirtschaftspolitik. Die Europäische Union verabschiedete 2008 den Small Business Act, der bessere Rahmenbedingungen für die kleineren Unternehmen schaffen soll. Auch die...

This paper examines the impact of education on economic growth in Greece over the period 1981 - 2009 by applying the model with two sectors introduced by Lucas (1988). The findings of the empirical analysis reveal that there is no long-run relation between educational stock and output. In the...

This study is an attempt to test the hypothesis 'international trade contributes to economic growth through its effects on human capital accumulation.' To assess the hypothesis empirically, we employed the extended Neo-Classical growth model that reflects some features of the endogenous growth...

New estimates of an aggregate long-term production function for the post-war U.S. economy are reported. The results indicate that this long-term aggregate production function exhibits a slight but statistically significant increasing returns to scale. Since virtually all econometric growth...

In this paper, we investigate the role of labor productivity growth and whether the determinants of labor productivity growth differed among the middle income trap (MIT) and the graduated (non-middle income trap, NMIT) countries in the 1950–2005 period. We decompose labor productivity growth...

The European Union must identify and internalize the most acute challenges, prepare appropriate solutions to them, capitalize on its strengths, and avoid threats. The strategic philosophy can no longer be just rhetorical but must be found at the level of all European sectoral policies, national...

Exploring and explaining development gaps between countries is an important theoretical and empirical task. This paper presents empirical studies related to economic growth and its determinants across countries, based on the use of data envelopment analysis method. It emphasizes the importance...

Während in Tschechien 1998 bereits vergleichsweise viele rentable Arbeitsplätze bereitgestellt werden konnten, war Sachsen hier weniger erfolgreich. Auf der anderen Seite ist in Sachsen das erzeugte Einkommen pro Kopf deutlich stärker gestiegen als in Tschechien. Die günstigere...

Die kleinen und mittelgroßen Unternehmen (KMU) rücken immer stärker ins Zentrum der europäischen und deutschen Wirtschaftspolitik. Die Europäische Union verabschiedete 2008 den Small Business Act, der bessere Rahmenbedingungen für die kleineren Unternehmen schaffen soll. Auch die...