Narrow search
Showing 1 - 10 of 192,100
Cover Image
A Note on Barriers to Capital Accumulation and Income
Landon-Lane, John; Robertson, Peter - Department of Economics, Rutgers University-New Brunswick - 2005
In this paper we clarify the impact that barriers to capital accumulation can have on a two-sector neoclassical growth … model's ability to explain the observed differences in incomes across countries. We show that the effect of barriers to …
Persistent link: https://www.econbiz.de/10005839057
Cover Image
Why Germany has such a weak growth performance
Siebert, Horst - 2003
Germany has had an extremely low growth performance since 1995. The paper looks at the long-run reasons for this loss of economic dynamics besides German unification: These include leaving labor idle, a declining share of investment in GDP, a weaker innovative activity, an ineffective system for...
Persistent link: https://www.econbiz.de/10010265594
Cover Image
Barriers to accumulation and productivity differences in a two sector growth model
Landon-Lane, John S.; Robertson, Peter E. - 2005
Barriers to investment are often regarded as an important determinant of the variation in international income levels …. Nevertheless, in the standard neoclassical growth model, these barriers have only have small effects on per capita incomes. We … consider the effects of barriers to accumulation in a two-sector neoclassical model that also exhibits barriers to labor …
Persistent link: https://www.econbiz.de/10010274517
Cover Image
Growth Uncertainty and Risksharing
Athanasoulis, Stefano; van Wincoop, Eric - 1998
We propose a new methodology to evaluate the gains from global risksharing that is closely connected to the empirical growth literature. We obtain estimates of residual risk (growth uncertainty) at various horizons from regressions of country-specific deviations from world growth on a wide set...
Persistent link: https://www.econbiz.de/10014074007
Cover Image
When is Sovereign Debt Odious? A Theory of Government Repression, Growth Traps, and Growth Boosts
Acharya, Viral V.; Rajan, Raghuram G.; Shim, Jack - 2022
We examine the dynamics of a country’s growth, consumption, and sovereign debt, assuming that the government is myopic and wants to maximize short-term, self-interested spending. Surprisingly, government myopia can increase a country’s access to external borrowing. In turn, access to...
Persistent link: https://www.econbiz.de/10014078840
Cover Image
When is Sovereign Debt Odious? A Theory of Government Repression, Growth Traps, and Growth Boosts
Acharya, Viral V.; Rajan, Raghuram Govind; Shim, Jack - National Bureau of Economic Research - 2022
We examine the dynamics of a country's growth, consumption, and sovereign debt, assuming that the government is myopic and wants to maximize short-term, self-interested spending. Surprisingly, government myopia can increase a country's access to external borrowing. In turn, access to borrowing...
Persistent link: https://www.econbiz.de/10013334513
Cover Image
Global Growth, Aging and Inequality Across and within Generations
Fehr, Hans; Jokisch, Sabine; Kotlikoff, Laurence J. - 2010
The world’s leading economies, both developed and developing, are engaged in an ever changing economic symbiosis that is governed in large part by demographics and technological change, but also by pension, healthcare, and other fiscal policies. This interconnected economic evolution - what...
Persistent link: https://www.econbiz.de/10014189159
Cover Image
Mapping the two faces of R&D : productivity growth in a panel of OECD industries
Griffith, Rachel; Redding, Stephen; Van Reenen, John - 2001
Many writers have claimed that R&D has two 'faces'. In addition to the conventional role of stimulating innovation, R&D enhances technology transfer by improving the ability of firms to learn about advances in the leading edge ('absorptive capacity'). In this paper we document that there has...
Persistent link: https://www.econbiz.de/10011537553
Cover Image
Projection of Long-Term Total Factor Productivity Growth for 12 Asian Economies
Park, Jungsoo - 2010
This study reviews and analyzes the changes in total factor productivity (TFP) growth in 12 Asian economies – the People's Republic of China; Hong Kong, China; India; Indonesia; the Republic of Korea; Malaysia; Pakistan; the Philippines; Singapore; Taipei, China; Thailand; and Viet Nam – for the...
Persistent link: https://www.econbiz.de/10013135316
Cover Image
Growth in the Middle East and North Africa
Hakura, Dalia - 2006
This paper analyzes the weak growth performance in the Middle East and North Africa (MENA) region during 1980-2000 using an empirical model of long-run growth. The relative importance of the factors affecting growth is shown to vary across 16 MENA countries. In GCC countries, where oil revenues...
Persistent link: https://www.econbiz.de/10012783207