Why Germany Has Such A Weak Growth Performance
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Why Germany Has Such A Weak Growth Performance
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Author : Horst Siebert
language : en
Publisher:
Release Date : 2003
Why Germany Has Such A Weak Growth Performance written by Horst Siebert and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Germany categories.
Investment In The Euro Area
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Author : Ms.Bergljot Barkbu
language : en
Publisher: International Monetary Fund
Release Date : 2015-02-19
Investment In The Euro Area written by Ms.Bergljot Barkbu and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-02-19 with Business & Economics categories.
Investment across the euro area remains below its pre-crisis level. Its performance has been weaker than in most previous recessions and financial crises. This paper shows that a part of this weakness can be explained by output dynamics, particularly before the European sovereign debt crisis. The rest is explained by a high cost of capital, financial constraints, corporate leverage, and uncertainty. There is a considerable cross country heterogeneity in terms of both investment dymanics and its determinants. Based on the findings of this paper, investment is expected to pick up as the recovery strengthens and uncertainty declines, but persistent financial fragmentation and high corporate leverage in some countries will likely continue to weigh on investment.
The European Economy Since 1945
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Author : Barry Eichengreen
language : en
Publisher: Princeton University Press
Release Date : 2008-07-21
The European Economy Since 1945 written by Barry Eichengreen and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-07-21 with Business & Economics categories.
However, this inheritance of economic and social institutions that was the solution until around 1973--when Europe had to switch from growth based on brute-force investment and the acquisition of known technologies to growth based on increased efficiency and innovation--then became the problem.
The German Economy
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Author : Horst Siebert
language : en
Publisher: Princeton University Press
Release Date : 2014-04-24
The German Economy written by Horst Siebert and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-04-24 with Business & Economics categories.
In this book, one of Germany's most influential economists describes his country's economy, the largest in the European Union and the third largest in the world, and analyzes its weaknesses: poor GDP growth performance, high unemployment due to a malfunctioning labor market, and an unsustainable social security system. Horst Siebert spells out the reforms necessary to overcome these shortcomings. Taking a broader view than other recent books on the German economy, he considers Germany's fiscal policy stance, product market regulation, capital market, environmental policy, aging and immigration policies, and its system for human capital formation as well as Germany's role in the European Union, including the euro zone. Germany's system of economic governance emerges as a common theme as Siebert examines why this onetime economic powerhouse is today a faltering giant. He argues that what Germany needs, above all, is a market renaissance; that it must throw off the shackles of its social welfare economy and of its hallmark consensus approach, whereby group-based cooperative decision-making has undermined competition and markets. In doing so he examines both the country's social security system and its labor market, including trade unions. His focus throughout is on Germany's present concerns, foreseeable future problems, and long-term policy issues. The definitive word on the postwar German economy to the present day, The German Economy is essential reading for economists and finance professionals as well as students, researchers, and others interested in modern-day Germany and its place and prospects at the heart of Europe.
Development Centre Studies Chinese Economic Performance In The Long Run
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Author : Maddison Angus
language : en
Publisher: OECD Publishing
Release Date : 1998-09-25
Development Centre Studies Chinese Economic Performance In The Long Run written by Maddison Angus and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-09-25 with categories.
The study provides a major reassessment of the scale and scope of China’s resurgence over the past half century, employing quantitative measurement techniques which are standard practice in OECD countries, but which have not hitherto been available for China.
Regulation Productivity And Growth
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Author : Giuseppe Nicoletti
language : en
Publisher: World Bank Publications
Release Date : 2003
Regulation Productivity And Growth written by Giuseppe Nicoletti and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Antitrust law categories.
In this paper, we relate the scope and depth of regulatory reforms to growth outcomes in OECD countries. By means of a new set of quantitative indicators of regulation, we show that the cross-country variation of regulatory settings has increased in recent years, despite extensive liberalisation and privatisation in the OECD area. We then look at the regulation-growth linkage using data that cover a large set of manufacturing and service industries over the past two decades. We focus on multifactor productivity (MFP), which plays a crucial role in GDP growth and accounts for a significant share of its cross-country variance. We find evidence that reforms promoting private governance and competition (where these are viable) tend to boost productivity. Both privatisation and entry liberalisation are estimated to have a positive impact on productivity. In manufacturing the gains are greater the further a given country is from the technology leader, suggesting that regulation limiting ...
The Plans That Failed
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Author : André Steiner
language : en
Publisher: Berghahn Books
Release Date : 2013-08-01
The Plans That Failed written by André Steiner and has been published by Berghahn Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-08-01 with History categories.
The establishment of the Communist social model in one part of Germany was a result of international postwar developments, of the Cold War waged by East and West, and of the resultant partition of Germany. As the author argues, the GDR's 'new' society was deliberately conceived as a counter-model to the liberal and marketregulated system. Although the hopes connected with this alternative system turned out to be misplaced and the planned economy may be thoroughly discredited today, it is important to understand the context in which it developed and failed. This study, a bestseller in its German version, offers an in-depth exploration of the GDR economy's starting conditions and the obstacles to growth it confronted during the consolidation phase. These factors, however, were not decisive in the GDR's lack of growth compared to that of the Federal Republic. As this study convincingly shows, it was the economic model that led to failure.
Better Policies Germany Towards Stronger Fairer And Greener Growth
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2018-04-27
Better Policies Germany Towards Stronger Fairer And Greener Growth written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-04-27 with categories.
Overall, the German economy is performing very well. Still, many citizens feel they do not sufficiently benefit from Germany’s good economic performance, as evidenced by the outcomes of the recent election. They perceive that their well-being is compromised by technological change, foreign ...
Projecting Potential Output
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Author : Sebastian Hauptmeier
language : en
Publisher: Springer Science & Business Media
Release Date : 2009-04-20
Projecting Potential Output written by Sebastian Hauptmeier and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-04-20 with Business & Economics categories.
In spite of the widespread use of the concept of potential output in economic theory and empirical applications as well as in economic policy debates, the historical background and the assumptions inherent to this concept are rarely made transparent, let alone critically questioned. Against this background this book sets out to determine the extent to which the concept of potential output rests on clearly defined theoretical foundations and how far prevailing empirical quantification methods really provide reliable insights into potential output growth of an economy. In addition, the authors examine alternative methods for a forward-looking assessment of potential output growth.
Economic Convergence In The Euro Area Coming Together Or Drifting Apart
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Author : Mr.Jeffrey R. Franks
language : en
Publisher: International Monetary Fund
Release Date : 2018-01-23
Economic Convergence In The Euro Area Coming Together Or Drifting Apart written by Mr.Jeffrey R. Franks and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-23 with Business & Economics categories.
We examine economic convergence among euro area countries on multiple dimensions. While there was nominal convergence of inflation and interest rates, real convergence of per capita income levels has not occurred among the original euro area members since the advent of the common currency. Income convergence stagnated in the early years of the common currency and has reversed in the wake of the global economic crisis. New euro area members, in contrast, have seen real income convergence. Business cycles became more synchronized, but the amplitude of those cycles diverged. Financial cycles showed a similar pattern: sychronizing more over time, but with divergent amplitudes. Income convergence requires reforms boosting productivity growth in lagging countries, while cyclical and financial convergence can be enhanced by measures to improve national and euro area fiscal policies, together with steps to deepen the single market.
