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Spain's financial position during the late 19th and early 20th century has usually been presented as one of persistent … turn, slowed down growth. In this essay a preliminary reconstruction of the balance of payments on current account allows … us to reject this view. In fact, a net capital inflow made possible to meet the demand for investment boosting economic …
Persistent link: https://www.econbiz.de/10008458296
This paper evaluates the sustainability of large current account imbalances in the era when the Chinese GDP growth rate … to the relative size of the countries' GDP. We conclude that the continuation of the fast growth rate of China, while … last resort, the Chinese growth path would be challenged by its own success. …
Persistent link: https://www.econbiz.de/10010322714
This paper evaluates the sustainability of large current account imbalances in the era when the Chinese GDP growth rate … to the relative size of the countries' GDP. We conclude that the continuation of the fast growth rate of China, while … last resort, the Chinese growth path would be challenged by its own success. …
Persistent link: https://www.econbiz.de/10010285339
investment funds traces out a meanvariance tradeoff for the growth rate of the economy. In particular, the volatility of these … regulation of outside investment may increase growth. Our second model involves increasing returns and multiple equilibria. In … investment flows. We do not make any empirical attempt to establish the existence or gauge the importance of the adverse effects …
Persistent link: https://www.econbiz.de/10011091428
investment funds traces out a mean-variance tradeoff for the growth rate of the economy. In particular, the volatility of these … regulation of outside investment may increase growth. Our second model involves increasing returns and multiple equilibria. In … investment flows. We do not make any empirical attempt to establish the existence or gauge the importance of the adverse effects …
Persistent link: https://www.econbiz.de/10005661544
equilibria, and different kinds of capital flows may push investment in one direction or the other for sustained periods of time. …
Persistent link: https://www.econbiz.de/10012117674
economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7 …% at the 2020 horizon. However, in order to sustain vigorous growth and improve the well-being of most citizens, renewed …-friendly growth.<P>En marche pour la prospérité : Réformer pour poursuivre le rattrapage en Chine<BR>La Chine est bien placée pour ne …
Persistent link: https://www.econbiz.de/10011277005
While the pre-1914 mass migrations have been widely studied, the related pattern of emigrants' remittances is still largely untouched. This paper aims at filling this gap by analyzing the contribution of remittances to financial stability. In the optimum currency area theory labor mobility can...
Persistent link: https://www.econbiz.de/10013108949
The classical argument for free trade stressed the possibilities of economic growth by exploiting the gains from trade … higher growth rate. Moreover, the arguments for free trade were made against the background of an assumed hard peg (the gold …-for-one increase in the growth rate, and potential regional hegemony for the first mover. To restore balance amongst the trade partners …
Persistent link: https://www.econbiz.de/10011133481
reductions in the income-velocity of coined money and the related problem of hoarding, the roots of which were the growth of … factor in the revival and expansion of the European economy in general and the growth of the Antwerp market in particular …
Persistent link: https://www.econbiz.de/10005704725