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Persistent link: https://www.econbiz.de/10010232494
policy cyclicality on state GDP growth. While most states have passed laws restricting deficits, the nature and strictness of … the diversity in these laws as an instrument for the cyclicality of state government spending. We find modest evidence … that more counter-cyclical public expenditure increases a state's average growth rate per capita. Further, our point …
Persistent link: https://www.econbiz.de/10005038433
The focus of this investigation is on the cyclical response of the real wage to demand shocks. This response differentiates the empirical validity of major New Keynesian explanations of business cycles. The empirical evidence, across industrial countries, highlights a moderate positive...
Persistent link: https://www.econbiz.de/10008568382
Persistent link: https://www.econbiz.de/10012153493
The Chinese economy has undergone three major phases: the 1978-97 period marked as the SOE-led economy, the 1998-2015 phase as the investment-driven economy, and the new normal economy since 2016. All three economies have been shaped by the government financial policies, defined as a set of...
Persistent link: https://www.econbiz.de/10012030278
The Chinese economy has undergone three major phases: the 1978-97 period marked as the SOE-led economy, the 1998-2015 phase as the investment-driven economy, and the new normal economy since 2016. All three economies have been shaped by the government financial policies, defined as a set of...
Persistent link: https://www.econbiz.de/10011928237
Persistent link: https://www.econbiz.de/10011953703
the sales turnover. The results show that volatility and growth are the major predictors in determining profitability in … case of small size firms while growth is important in determining the profitability of medium size firms. Capital intensity …
Persistent link: https://www.econbiz.de/10010606966
; the impact of economic reform on British productivity growth; productivity and policy reform in Australia; the measurement …
Persistent link: https://www.econbiz.de/10005650238
of the ten Canadian provinces over the 1997-2007 period. Level and growth rate estimates of labour and multifactor … estimates are also presented. Capital intensity and labour quality figures are also provided, and a standard growth accounting … framework is used to determine the sources of labour productivity growth, as well as the sources of labour productivity level …
Persistent link: https://www.econbiz.de/10010602255