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The Degrowth Movement calls for "degrowth" - a reduction in GDP in advanced economies - to avert an ecological crisis. This paper argues that the Degrowth Movement misses that the West is already in a state resembling degrowth - a Great Stagnation. This state of degrowth and its correlates,...
Persistent link: https://www.econbiz.de/10014286501
We estimate the steady state growth rate for the Nordic countries using a “knowledge economy” approach. An endogenous growth framework is employed, in which total factor productivity is a function of human capital (measured by average years of education), trade openness, research and...
Persistent link: https://www.econbiz.de/10013102859
The economic expansion witnessed in the last 0,08% of modern human history is an anomalous event. It has been compared to a "rocket ship that took off five seconds ago, and nobody knows where it's going." This paper explores the destiny of this rocket ship. It shows that economic growth cannot...
Persistent link: https://www.econbiz.de/10014279848
Does democracy promote economic growth? There is still an ongoing debate over the economic implications of democracy … 43 countries in sub-Saharan Africa for the period of 1982-2012, we find strong evidence that democracy is positively …
Persistent link: https://www.econbiz.de/10010252703
We examine the role of democracy shocks in the cross-country economic growth processes over a period of five decades … investigation. We study if (i) a shock to democracy in one country triggers institutional reforms and growth upsurge in the … neighbouring countries, and (ii) the magnitude and direction of response to democracy shocks are contingent upon income pathways of …
Persistent link: https://www.econbiz.de/10012020510
The purpose of the paper is to examine the direct and indirect links between democracy and economic growth. To do so …–2013. This study focuses on two particular channels through which democracy affects growth, namely FDI inflows and public … consumption expenditure. The results show that there is no clear relationship between democracy and economic growth in the Arab …
Persistent link: https://www.econbiz.de/10011983284
The purpose of the paper is to examine the direct and indirect links between democracy and economic growth. To do so …-2013. This study focuses on two particular channels through which democracy affects growth, namely FDI inflows and public … consumption expenditure. The results show that there is no clear relationship between democracy and economic growth in the Arab …
Persistent link: https://www.econbiz.de/10011793219
In this paper we explore current understandings of the influence of political rights, among historical legacies, on economic development. We construct variables for selected political regimes for 1811-2010. We find significant association between individual rights and economic growth. We argue...
Persistent link: https://www.econbiz.de/10011398228
Does democracy promote economic growth? There is still an ongoing debate over the economic implications of democracy … 43 countries in sub-Saharan Africa for the period of 1982 - 2012, we find strong evidence that democracy is positively …
Persistent link: https://www.econbiz.de/10010343224
The purpose of the paper is to examine the direct and indirect links between democracy and economic growth. To do so …-2013. This study focuses on two particular channels through which democracy affects growth, namely FDI inflows and public … consumption expenditure. The results show that there is no clear relationship between democracy and economic growth in the Arab …
Persistent link: https://www.econbiz.de/10011985169