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panel growth regression analysis and a structural VAR model. We find that, on average, the incidence of terrorism may have … an economically significant negative effect on growth, albeit one that is considerably smaller and less persistent than … negative influence of these incidents on growth is smaller. …
Persistent link: https://www.econbiz.de/10010276090
This paper discusses topics related to the growth mechanism in Europe, and specifically in the eurozone. It looks at … policy implications. It also looks at how developments in the governance of global system are affecting growth. Finally it … looks at how political economy obstacles to a stronger growth environment and a structural agenda can be overcome by …
Persistent link: https://www.econbiz.de/10014523071
questions in three steps. First, by assessing empirically the sensitivity of growth in the region's seven major economies during … combined contribution of the different growth factors. Third, to derive the main implications of the results for the choice of …
Persistent link: https://www.econbiz.de/10011430861
An important strand of research in macro-finance investigates which factors impede enterprise investment, and what is their aggregate economic cost. In this paper, we make two contributions to this literature. The first contribution is methodological: we introduce a novel framework to calibrate...
Persistent link: https://www.econbiz.de/10014376046
We provide a comprehensive assessment of the relationship between public debt and GDP growth in the postwar advanced … economies. We use the timing of changes in public debt and growth to account for endogeneity, and find little evidence of a …
Persistent link: https://www.econbiz.de/10011788913
also the practical experience over the past 15 years demonstrates that faster economic growth, and hence also more broadly … growth. Another indispensable component is an appropriately designed and implemented economic policy which must not confuse …
Persistent link: https://www.econbiz.de/10010284550
) that de-growth is necessary, ii) that the market economy is part of the problem rather than part of the solution to climate …
Persistent link: https://www.econbiz.de/10012163755
Persistent link: https://www.econbiz.de/10011506447
We show that the effects of inflation on growth change substantially as the inflation rate rises. Moreover the … inflation first begins to seriously negatively affect growth is around 8% for industrial economies but 3% or less for developing … countries. Marginal growth costs for developing countries then decline significantly above 50% inflation. Failure to account for …
Persistent link: https://www.econbiz.de/10011560902
Persistent link: https://www.econbiz.de/10011568878