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, growth of income and consumption. There is no doubt that economic growth leads to an increase in the wealth of the country as …
Persistent link: https://www.econbiz.de/10012017255
The main divisions of the theoretical economic growth literature that we study today include exogenous and endogenous growth models that have transitioned through a number of notions and criticisms. Proponents of exogenous growth models argue that technological progress is the key determinant of...
Persistent link: https://www.econbiz.de/10013204580
Sub-Saharan Africa has one of the dynamic economies in the world. Unfortunately, the performance achieve has not led to a reduction of social issues. So, the government are making massive investment to overcome social issues. This massive public investment highlights the exogenous nature of the...
Persistent link: https://www.econbiz.de/10014519564
understanding of both the processes and causal paths that underlie the intricate relationship between health and wealth (income … the traditional and emerging perspectives on the health-income relationship, this literature review presents a non …
Persistent link: https://www.econbiz.de/10010300295
Persistent link: https://www.econbiz.de/10011696130
The study investigates the existence and extent of information rigidity in inflation forecasts among 25 developed and 18 developing economies during 2002-2017 period utilizing a survey data set never explored before on this issue. In general, the study finds some evidence of information...
Persistent link: https://www.econbiz.de/10015074987
show that increased labour income taxes and financial frictions are plausible causes. Holding these factors constant, the …
Persistent link: https://www.econbiz.de/10013205817
This paper explains the connection between ideas developed in my recent books and papers and those of economists who self-identify as post-Keynesians. My own work is both neoclassical and 'old Keynesian.' Much of my published work assumes that people have rational expectations and that 'animal...
Persistent link: https://www.econbiz.de/10014363292
The great recession (2008) triggered an apparent discrepancy between empirical findings and macroeconomic models based on rational expectations alone. This gap led to a series of recent developments of a behavioral microfoundation of macroeconomics combined with the underlying experimental and...
Persistent link: https://www.econbiz.de/10012233305
This study investigates the pro-poorness of income growth in Nigeria. Using nationally representative data for 1996 and … 2004, overall income growth in Nigeria was found not to be pro-poor. The richer segments of the population appropriate … redistributing income is also required to ensure pro-poorness of growth in Nigeria. …
Persistent link: https://www.econbiz.de/10011310239