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the detriment of growth for 30 years until liberalisation started in full earnest after the election of 1979. There is … output per person employed. The average growth rate of GDP in the second period was no greater than that in the first period …
Persistent link: https://www.econbiz.de/10010728021
adaption to the new free-market rules. These rules would then lead to fast economic growth and development, as they did in … of its full growth potential. …
Persistent link: https://www.econbiz.de/10010307928
adaption to the new free-market rules. These rules would then lead to fast economic growth and development, as they did in … of its full growth potential. …
Persistent link: https://www.econbiz.de/10009647155
This paper analyzes the evolution of monetary policy in Russia, focusing on the period January 1992-December 1995. Special attention is given to the role of monetary policy instruments. Initially, policy was completely dominated by flows of credit from the Central Bank of the Russian Federation...
Persistent link: https://www.econbiz.de/10012781560
Persistent link: https://www.econbiz.de/10011456734
other OECD countries increased in the 1990s after falling up to then, reflecting the rebound in U.S. productivity growth, a … phenomenon not observed elsewhere; divergences in productivity growth performance are not due to different measurement techniques … States enjoying strong growth in both productivity and the employment rate while many European countries experiencing limited …
Persistent link: https://www.econbiz.de/10005650245
The slower productivity growth in Canada relative to that experienced in the United States in the second half of the … development. A key issue is whether this slower productivity growth is broadly-based, which would imply a societal … productivity growth in Canada and the United States in the 1990s. They find that the productivity growth gap in the 1990s at both …
Persistent link: https://www.econbiz.de/10005518950
behind slow productivity growth in Canada in the second half of the 1990s, in marked contrast to the acceleration of … concludes that the balance of evidence now favours an acceleration of trend labour productivity growth to the 2-2.5 per cent per …
Persistent link: https://www.econbiz.de/10005518977
in credit during the past five decades. There seems to have been a structural shift in the relationship between growth in … liberalisation and internationalisation the swings in real credit growth have been very large relative to the economic growth …
Persistent link: https://www.econbiz.de/10010321234
This paper investigates the link between international financial integration and economic growth. In particular, we ask … the following questions. What are the theoretical links between financial integration and growth? Is there any empirical … evidence that an increase in financial integration is associated with higher economic growth at a cross-country level? Do …
Persistent link: https://www.econbiz.de/10005423664