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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/10005150900
developing countries failed to achieve 1960s per capita growth rates. The Washington consensus prescriptions are too restrictive …
Persistent link: https://www.econbiz.de/10010535242
comparing the measures and assessments of productivity and potential output growth differentials between industrialised …
Persistent link: https://www.econbiz.de/10009283329
This paper examines the influence of political ideology on economic growth in the French democracy since 1871. It does … robustness of the relationship between ideology and growth and the specific channels through which political ideology affects … promoted equity at the expense of economic growth. It also appears that the main channel through which political ideology has …
Persistent link: https://www.econbiz.de/10009421810
the end of this year. This is the fastest growth in the Western Hemisphere for this period, and among the highest growth … Brazil, which has had less than half as much growth over the same period. …
Persistent link: https://www.econbiz.de/10009359466
since the Partido Acción Nacional (PAN) party took power nearly 12 years ago; and the longer-term trends of economic growth …
Persistent link: https://www.econbiz.de/10010556769
reached its 20-year growth trend. This paper takes a detailed look at the fiscal, monetary, and other economic and social …
Persistent link: https://www.econbiz.de/10010556772
economic growth, this study examines empirically the key channels through which fiscal policy impacts economic growth in the … debt financing, governance, efficiency of spending, mixture of taxes can have a significant impact on growth. …
Persistent link: https://www.econbiz.de/10008595792
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/10009275958
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/10014370485