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This paper offers an alternative approach to the repeated occurrence of Middle East “energy conflicts.” Our analysis centres around the process of differential capital accumulation, emphasizing the quest to exceed the “normal rate of return” and to expands one's share in the overall flow...
Persistent link: https://www.econbiz.de/10011644564
Over the past century, the institution of capital and the process of its accumulation have been fundamentally transformed. By contrast, the theories that explain this institution and process have remained largely unchanged. The purpose of this paper is to address this mismatch. Using a broad...
Persistent link: https://www.econbiz.de/10011644566
this connection. Over the past ten years, positive growth and employment trends have signifi cantly improved opportunities … efficient growth and redistributive policies in the future, it is essential for Germany to maintain sufficient incentives for …
Persistent link: https://www.econbiz.de/10011477926
by extending beyond boundaries that pose constraints to growth. The broad banner of “protein” offers a promising space to …
Persistent link: https://www.econbiz.de/10012626983
This paper investigates the influence of international openness on economic growth in a sample of 32 European economies …. The usual approach in the literature on the topic is to observe the impact of trade openness on growth. We, however … empirical analysis we use the TSLS (two stage least squares) estimator, whereby in the first step we use the standard growth …
Persistent link: https://www.econbiz.de/10011310256
Recent research has revealed enormous variation in performance and growth among firms, which both drives and is driven …
Persistent link: https://www.econbiz.de/10011404873
There are common narratives about economic growth in Ethiopia. We analyze four common narratives, namely, that (1) the … economy is transforming from agriculture to industry, (2) that national economic growth has been rapid and sustained, (3) that …
Persistent link: https://www.econbiz.de/10012009861
This paper studies how the assignment of patents as collateral determines the savings of firms and magnifies the effect … face random and lumpy investment opportunities in R&D. High growth rates of innovations, possibly higher than the real rate … of interest, may be achieved despite financial constraints. There is an optimal level of publicly funded policy by the …
Persistent link: https://www.econbiz.de/10010311657
approach to investigate whether trade openness has spurred economic growth in Uganda. The extant literature shows that trade … openness increases economic growth, but this empirical evidence remains contested. Our empirical results on the long … growth. Except for the use of exports to measure trade openness, using openness index and imports to proxy for trade openness …
Persistent link: https://www.econbiz.de/10014001578
This paper explores the long-run effects of inflation on the dynamics of private sector bank credit and economic growth … private sector. Another crucial finding is that policies of financial liberalization have helped stimulate economic growth …. Reinforcing the literature on finance and growth, this study reaffirms that inflation rates are detrimental to long-run financial …
Persistent link: https://www.econbiz.de/10010500573