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In this paper we compare the nature and determinants of outflows from unemployment in the case of the Czech and Slovak Republics which in early 1990's experienced a process close to a controlled experiment. Overall, our study suggests that the exceptionally low unemployment rate in the Czech...
Persistent link: https://www.econbiz.de/10013149069
Paper addresses the recent initiatives of EU Lisbon Agenda to increase level of R&D expenses in EU Member States by studying firm-level panel data in most advanced transition economy, Slovenia. Previous empirical literature - mainly cross-sectional - has tested the demand-pull hypothesis and...
Persistent link: https://www.econbiz.de/10013317067
In this paper we compare the nature and determinants of outflows from unemployment in the case of the Czech and Slovak Republics, which in early 1990's experienced a process close to a controlled experiment. Overall, our study suggests that the exceptionally low unemployment rate in the Czech...
Persistent link: https://www.econbiz.de/10014044937
In the present paper an empirical analysis will point out that loans to households trigger consumption which in turn through the creation of economic growth, as claimed by Saito (2007), reduces unemployment. Austerity measures should not last for too long, since economy will face too many...
Persistent link: https://www.econbiz.de/10013096108
According to the life-cycle theory of consumption and saving, foreseeable retirement events should not reduce consumption. Whereas some consumption expenditures may fall when goods are self-produced (given higher leisure after retirement), this argument applies especially to housing consumption...
Persistent link: https://www.econbiz.de/10013131722
The present study examines the inter-relationship between economic growth, savings rate and inflation for south … between savings rate and growth has been found to be bi-directional and positive. Inflation has a highly significant negative … effect on growth but positive effect on savings rate. Inflation is not affected by growth but is largely determined by its …
Persistent link: https://www.econbiz.de/10012723525
A broad set of possible determinants of private saving behavior is examined, using data for a large sample of industrial and developing countries. Both time-series and cross-section estimates are obtained. Results suggest that there is a partial offset on private saving of changes in public...
Persistent link: https://www.econbiz.de/10012781904
children in the household. We also show that excluding wealth and savings from the analysis and estimation leads to …
Persistent link: https://www.econbiz.de/10012977492
This article examines the impact of the banking sector development on households' saving dynamics in the emerging economies of Eastern Europe. For this purpose, we use the mean group FMOLS estimator to estimate the saving function augmented with variables characterizing three dimensions of the...
Persistent link: https://www.econbiz.de/10013023561
The ability of discretionary fiscal policy to affect economic activity following shocks depends on how private agents react. This paper re-investigates the extent of possible offsetting private saving behaviour to fiscal policy changes. The results suggest that the private saving offset is...
Persistent link: https://www.econbiz.de/10012444625