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inequality and economic growth, implying the conclusion that inequality reducing policies will foster economic growth. The … likely to suffer from a severe weak instrument problem in the inequality-growth setting because lagged differences of … inequality have practically no explanatory power for current inequality levels. Thus, it is biased in the direction of OLS and …
Persistent link: https://www.econbiz.de/10011633430
The paper analyses economic inequality in Croatia in comparison with other transition economies of Central, East and … of income inequality. The decomposition analysis of the period 2000-2006 shows that, although the concentration of income … from paid employment was rising, overall stability of income inequality was due to a reduction of the more unequally …
Persistent link: https://www.econbiz.de/10012100091
cohesion approach to development and peacebuilding practice, as well as challenges policymakers and practitioners may encounter … lens in a broad variety of policy spaces. Third, it helps policymakers to integrate citizen perspectives into development …
Persistent link: https://www.econbiz.de/10014283949
useful for national governments and foreign donors to assess opportunities and design policies for sustainable development …
Persistent link: https://www.econbiz.de/10014485942
This paper provides an assessment of Russia’s long-term growth prospects. In particular, it addresses the question of the medium- and long-term sustainability of the country’s currently high growth rates. Starting from the notion that Russia’s fast economic expansion in recent years has...
Persistent link: https://www.econbiz.de/10011606210
and development of the European financial system from the perspective of a variety of dimensions. Third, an attempt is … present paper puts the main emphasis on financial development or modernisation in the context of the finance and growth … development – and thereby enhance the speed with which the financial system helps to reallocate capital from declining sectors to …
Persistent link: https://www.econbiz.de/10011606224
The EU candidate and potential candidate countries have made considerable progress in economic transition and integration into the world economy within less than two decades. Nevertheless, gaps in terms of income per capita relative to the euro area remain large. This suggests that the...
Persistent link: https://www.econbiz.de/10011606238
Die aktuelle Lage der russischen Wirtschaft ist dramatisch. Um 3,7 Prozent ist die gesamtwirtschaftliche Leistung im Jahr 2015 eingebrochen. Eine Reihe von Faktoren haben zu der Abwärtsspirale beigetragen: darunter die Unsicherheit in Bezug auf die geopolitische Lage, die verhängten...
Persistent link: https://www.econbiz.de/10011633426
This paper reviews institutional and structural challenges in countries preparing for EU membership, i.e. Albania, Bosnia and Herzegovina, Kosovo*, the former Yugoslav Republic of Macedonia, Montenegro, Serbia and Turkey. Sound institutions and solid economic structures are not only the...
Persistent link: https://www.econbiz.de/10011661910
Structural policies in the euro area are of great interest for the Eurosystem, particularly as they can support the smooth functioning of the Economic and Monetary Union (EMU) and the effectiveness of monetary policy. This paper adopts a broad definition of structural policies, analysing not...
Persistent link: https://www.econbiz.de/10011972273