This paper is an empirical critique of Barry Eichengreen's interpretation of the exceptional growth performance of Western Europe during the 1950s and 1960s. The main part of the paper shows that, at least for the important case of West Germany, Eichengreen fs view of a broad-based economic and...

During the 1970s and early 1980s Mexico, like many other Latin American countries, relied to a large extent on foreign capital in financing public and private expenditures. While the annual inflow of debt was always larger than that of foreign direct investment (fdi), the relative importance of...

Trade between Eastern and Western Europe has increased considerably in the last years. Given this market-induced development, why should it be necessary to advance institutional integration? This paper argues that Central and Eastern European countries (CEECs) can potentially enhance the...

Openness vis-i-vis the world and an improved incentive system at home are the key requirements for a lasting re-acceleration of economic growth in Europe, the U.S. and indeed most parts of the world. More specifically, the policy-oriented message to be propounded in this paper is essentially...

Between 1984 and 1991, New Zealand converted its economic system from the most heavily regulated to the least regulated in OECD. The public sector was restructured to separate core administrative functions from government-owned production activities. The latter were corporatised, and many...

Von 1984 bis 1991 hat Neuseeland sein Wirtschaftssystem von dem am stärksten zu dem am schwächsten reglementierten innerhalb der OECD umgeformt. Durch eine Umstrukturierung des öffentlichen Sektors wurden die Kernfunktionen der Administration von den staatseigenen Produktionsbetrieben...

To account for employment evolutions at the macro-economic level, we propose a modelling where employment is explained by added value, working time and real labour cost. Estimations using quarterly French macro-economic data are carried out in a multivariate framework for three sets of sectors....

An overlapping generations model is set up in this paper to analyze social security policy in a representative democracy with asymmetric information. The model considers not only redistribution between generations but also redistribution within generations according to individual labor incomes....