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probabilities suffice to tilt the balance in favour of gradualism. The case for gradualism gains strength if policymakers are short …
Persistent link: https://www.econbiz.de/10012148494
that higher expected probabilities of reversal make policymakers more likely to opt for gradualism. Even relatively small … probabilities are su.cient to tilt the balance in favour of gradualism. This is reinforced by shortsightedness of policymakers that …
Persistent link: https://www.econbiz.de/10004983210
model we find that even relatively small ex ante reversal probabilities suffice to tilt the balance in favour of gradualism …
Persistent link: https://www.econbiz.de/10005677706
ante reversal probabilities suffice to tilt the balance in favour of gradualism. The case for gradualism gains strength if …
Persistent link: https://www.econbiz.de/10005419609
This paper examines conditional convergence of OECD countries in gross domestic product (GDP) and health care expenditure (HCE) per capita. It presents estimation of the augmented Solow growth model suggested by Mankiw, Romer and Weil (1992) to explain variation in output and expenditure per...
Persistent link: https://www.econbiz.de/10010281345
This paper examines conditional convergence of OECD countries in gross domestic product (GDP) and health care expenditure (HCE) per capita. It presents estimation of the augmented Solow growth model suggested by Mankiw, Romer and Weil (1992) to explain variation in output and expenditure per...
Persistent link: https://www.econbiz.de/10005190886
This paper investigates several issues concerning persistence in inequalities of relative income per capita among the Spanish regions over 1980-2002. For that purpose we take a Bayesian approach which extends the work by Canova and Marcet (1995). Firstly, we study to what extent there exists a...
Persistent link: https://www.econbiz.de/10005762869
In this paper we investigate several issues concerning persistence in inequalities of relative income per capita among the Spanish regions over 1980-2002. For that purpose we take a Bayesian approach which extends the work by Canova and Marcet (1995). Firstly, we study to what extent there...
Persistent link: https://www.econbiz.de/10005121330
This paper decomposes the large regression residuals of income across 84 U.S. Native American economies (USNAEs) into Solow and Solow-like parts. Decomposition is accomplished algebraically. The calculations find a weak to negative correlation between income and Solow residuals, and a strong...
Persistent link: https://www.econbiz.de/10005118791
simultaneously; and ten of them joining the EU mostly in 2004 provides a rich setting. Post-privatization growth varies by ex … capital (rather than by TFP). This paper a) presents a nuanced perspective on privatization's effect on growth, and b …
Persistent link: https://www.econbiz.de/10012897602