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The claim of globalization critics that the income gap to industrial countries is bound to widen for essentially all developing countries as a consequence of economic globalization is in conflict with empirical evidence. Economic performance differs tremendously across developing countries. We...
Persistent link: https://www.econbiz.de/10011495392
This article aims at assessing the main characteristics of the business cycle of 80 developed and developing countries. By comparing the possibility for these economies to enter or to exit a recession and the associated consequences, it aims at complementing existing literature with regard to...
Persistent link: https://www.econbiz.de/10011446268
). Findings showed that there is a unidirectional causality in America, Latin America & Caribbean and World from GDP to tourism …This paper investigated the causal relationship between tourism revenue and gross domestic product (GDP) using the …), Oceania (7 countries), Middle East & North Africa (11 countries), Sub Saharan Africa (24 countries) and the world (135 …
Persistent link: https://www.econbiz.de/10009701762
This paper identifies factors associated with takeoff - a sustained period of high growth following a period of stagnation. We examine a panel of 241 stagnation episodes" from 146 countries, 54 % of these episodes are followed by takeoffs. Countries that experience takeoffs average 2.3% annual...
Persistent link: https://www.econbiz.de/10010285304
economic development. If the sociopolitical, legal and economic transformations in the Anglo-Saxon world in the last three …
Persistent link: https://www.econbiz.de/10010290007
The potential interactions among fiscal policies, investments and economicgrowth are complex and manifold.In this paper, we will perform a systematic comparative analysis of the variouseconomic insights that arecurrently available on these complex relationships, both theoretically (by aselective...
Persistent link: https://www.econbiz.de/10010324618
Tourism is an extremely complex phenomenon marked by major factors like the terrorist attacks and the refugees … domestic product in tourism reacts to the situations of crisis caused by the terrorist attacks and by the waves of refugees …, which have different contributions of gross domestic product in tourism to their overall economic growth. At the same time …
Persistent link: https://www.econbiz.de/10014474837
Persistent link: https://www.econbiz.de/10011625609
Schumpeterian development is characterised by the simultaneous interplay of growth and qualitative transformations of the economic system. At the sectoral level, such qualitative transformations become manifest as variations in the sectoral composition of production. Following the implementation...
Persistent link: https://www.econbiz.de/10011435155
Inflexible labour markets combined with high welfare costs are often thought to be the main cause of low growth in Europe. This paper uses OECD data to assess the relative impact of regulation on differences in economic performance across countries since 1990. The impact of regulation is...
Persistent link: https://www.econbiz.de/10011494807