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The paper analyzes the recent growth dynamics in China, evaluating both cyclical positions and long-term growth prospects. The analysis shows that financial cycles play a more important role than traditional inflation-based cycles in shaping the dynamics of growth. Currently, the...
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The regional growth potential, which frequently appears in economic analyses, is somewhat difficult to handle in practice. Estimation of growth potentials for development forecasting and strategic planning remains actual and meaningful, which is especially true for long-term predictions of...
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This paper uses a long time series of German employment data to test the theory of Ngai & Pissarides (2007). The theory … productivity (TFP) in the two sectors. To test the theoretical predictions, I use the "Establishment History Panel" together with … sectoral data on total factor productivity. The results confirm the theoretical predictions, i.e. they show a negative …
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