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Even before the onset of the 2008 global financial crisis and ongoing European debt crisis, much attention has been … given to the re-emergence of the Asian giants, the People's Republic of China (PRC) and India. Both countries have attained …
Persistent link: https://www.econbiz.de/10012995197
showed that China put greater focus towards infrastructure development, removing tariff and non tariff barriers, development … compared to China …
Persistent link: https://www.econbiz.de/10012966385
Views of the future China vary widely. While some believe that the collapse of China is inevitable, others see the … prospects of China over the next two decades. Extrapolating past real GDP growth rates into the future, the size of the Chinese … equalization). They can also be supported by an explanation of China's past GDP growth through growth of various labor variables …
Persistent link: https://www.econbiz.de/10014063864
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Corruption is widely believed to negatively affect economic growth. However, many East and Southeast Asia countries either achieved or currently are achieving impressively rapid economic growth despite widespread corruption - the 'East Asian Paradox'. Is this negative relationship equally likely...
Persistent link: https://www.econbiz.de/10012102930
We develop a model where temporary non-technology shocks can lead to permanent changes in the rate of growth of total factor productivity (TFP). The key ingredient of the model is a matching processes between basic researchers, product developers, and the stock of knowledge of the economy. In...
Persistent link: https://www.econbiz.de/10014438716
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The pronounced and persistent impact of the global financial crisis of 2008 motivates our empirical analysis of the role of institutions and macroeconomic fundamentals on countries' adjustment to shocks. Our empirical analysis shows that the associations of growth level, growth volatility,...
Persistent link: https://www.econbiz.de/10012917821
The recovery from the recession after the financial crisis, in both the UK and the US, has been very slow compared with other similar events in history. During the period before the financial crash and afterwards, monetary policy deviated from the very effeective rules-based approach of the...
Persistent link: https://www.econbiz.de/10013225300
Considering the deep and long-lasting impact of severe recessions, such as the 2008-09 financial crisis, it is important that measures be taken to minimise the risk of such event. But in doing so the benefits need to be balanced against the potential costs in terms of lower average growth that...
Persistent link: https://www.econbiz.de/10011695147