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level. Today, the world development level results from an ongoing investment, in various forms. The different ways to invest … investment in research and development on productivity growth as a major determinant of competitiveness and economic growth. So … field. In this paper we propose to consider first the role of investment in the creation of competitive advantage in the …
Persistent link: https://www.econbiz.de/10010785494
reduce their investment. This is the "Loanable Funds" theory. Ben Bernanke's "Global Saving Glut" thesis is based on this … sind. Oft ist das genaue Gegenteil wahr: Wirtschafter können nur sparen, wenn andere Wirtschafter einen Kredit aufgenommen …, sondern erlauben erst dem Rest der Welt, überhaupt Ersparnis zu bilden. …
Persistent link: https://www.econbiz.de/10011372379
The Central Bank of Ireland and SUERF organised a joint conference in Dublin on 20th September, 2010 on the general theme of Regulation and Banking after the Crisis. In the best traditions of SUERF, the programme included papers and presentations from the three main constituencies of SUERF:...
Persistent link: https://www.econbiz.de/10011689948
Persistent link: https://www.econbiz.de/10014495248
We introduce the concept of a financial stability real interest rate using a macroeconomic banking model with an occasionally binding financing constraint, as in Gertler and Kiyotaki (2010). The financial stability interest rate, r**, is the threshold interest rate that triggers the constraint...
Persistent link: https://www.econbiz.de/10012309222
We argue that strong globalization forces have been an important determinant of globalreal interest rates over the last five decades, as they have been key drivers of changes inthe natural real interest rate-i.e. the interest rate consistent with output at its potentialand constant inflation. An...
Persistent link: https://www.econbiz.de/10012868461
This paper analyses the effect of government domestic borrowing on private investment using an Auto Regressive … domestic borrowing by the government can negatively affect investment and eventually hurt economic growth. The paper recommends … investment. …
Persistent link: https://www.econbiz.de/10012801894
Persistent link: https://www.econbiz.de/10001646322
Increases in the proportion of the working age population can yield a "demographic dividend" that enhances the rate of economic growth. We estimate the parameters of an economic growth model with a cross section of countries over the period 1960 to 1980 and investigate whether the inclusion of...
Persistent link: https://www.econbiz.de/10003495932
The emphasis in post-Keynesian macroeconomics on wage- versus profit- led growth may not have been helpful. The profit share is not an exogenous variable, and the correlations between the pro.t share and economic growth can be positive for some exogenous shocks but negative for others. The...
Persistent link: https://www.econbiz.de/10011522218