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differences in productive efficiency, we have built a dynamic input-output model and computed for each country the balanced growth … composition for balanced growth and the actual one relate to the differences between the rate of balanced growth and the actual … one. In the final part of the paper we examine the influence of individual sectors on the rate of balanced growth by …
Persistent link: https://www.econbiz.de/10014189798
half of economic growth in the period 1980-2021. This is mainly thanks to within-sector productivity improvements, while … driven by per capita income growth and financial openness but is halted by trade integration. Furthermore, decomposition … analysis from input- output tables demonstrates that domestic final demand has been the main source of output growth since 1980 …
Persistent link: https://www.econbiz.de/10014290696
This paper explores the heterogeneity of growth in the Western Balkan and Emerging European economies. For that purpose …, growth determinants are estimated in the period 1997-2009 by dynamic panel data models. The chosen period provides a … determining economic growth, but foreign direct investments and economic integrations seem to have the most important role in …
Persistent link: https://www.econbiz.de/10010857991
Standard postulates concerning the aggregate production function are about marginal productivities - and the associated demand of labor and capital – which are to be negatively related to factor prices, namely the wage rate and the profit rate. The theoretical cases in which these neoclassical...
Persistent link: https://www.econbiz.de/10010797653
growth and income distribution in Rwanda. Using a disaggregated SAM for Rwanda and with the assistance of structural path … analysis, the paper explores the macroeconomic implications of family size for human capital, sectoral growth and income … planning programs seems to be a viable strategy for economic growth and poverty reduction. …
Persistent link: https://www.econbiz.de/10009147703
half of economic growth in the period 1980-2021. This is mainly thanks to within-sector productivity improvements, while … driven by per capita income growth and financial openness but is halted by trade integration. Furthermore, decomposition … analysis from input- output tables demonstrates that domestic final demand has been the main source of output growth since 1980 …
Persistent link: https://www.econbiz.de/10014477586
open economy in central Europe, we addressed the role of small open economies in a globalized economy. Based on the WIOD …
Persistent link: https://www.econbiz.de/10011392681
We consider a multi-sector general equilibrium model with IO linkages, sector-specific productivities and tax rates. Using tools from network theory, we investigate how the IO structure interacts with productivities and taxes in the determination of aggregate income. We show that aggregate...
Persistent link: https://www.econbiz.de/10011491913
This paper fruitfully combines two complementary theories: performance measurement and input-output analysis. Our point of departure is the theory of the consumer, who maximizes utility subject to a budget constraint. His well-being can be measured by the change in the consumption bundle, valued...
Persistent link: https://www.econbiz.de/10009583678
We revisit the debate on the role of technological improvement and market share reallocation in determining aggregate productivity gains. Contrary to previous work that neglects dependencies between suppliers in global value chains, we explicitly account for input linkages that impact both...
Persistent link: https://www.econbiz.de/10013269723