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Full-Text Articles in Economic Theory
The Roaring Twenties After Covid-19: Revisiting The Evidence For Europe, Alessio Terzi
The Roaring Twenties After Covid-19: Revisiting The Evidence For Europe, Alessio Terzi
Journal of New Finance
Inspired by conspicuous historical parallels, some scholars and journalists have recently postulated that GDP growth and productivity might boom in the aftermath of the Covid-19 pandemic. This paper reviews the evidence for and against the ‘Roaring 20s’ hypothesis, concluding that some countries might experience a forceful economic expansion, possibly fuelled by pent-up demand, compounding a successful digital and green transition, or leveraging an export-led model. However, a strong prolonged economic bonanza is unlikely to materialise evenly across the EU. An uneven recovery would acquiesce imbalances within the Union, and especially the euro area. As such, policymakers should avoid complacency, and …
Biased Technical Change, Institutional Shift, And The Functional Distribution Of Income: Who Benefits From Economic Growth?, Adam Szymanski-Burgos
Biased Technical Change, Institutional Shift, And The Functional Distribution Of Income: Who Benefits From Economic Growth?, Adam Szymanski-Burgos
Electronic Theses and Dissertations
Starting from the mid 1970s and early 1980’s, the US and other advanced economies observed a widening divergence between the growth of average and median real hourly labor compensation and the average growth of labor productivity. This decoupling between labor compensation and productivity indicates a decline in the labor share of national income. Opposite to movements in the labor share, the share of national income remunerated as capital income has increased with the rise of capital incomes concentrated largely in corporate sector profits. Key developments since the middle of the 20th century have coincided with the onset of medium-run fluctuations …
The Effects Of Imf's Lending And Conditionalities On Economic Growth: Case Of Sadc Countries, Lutete Celina Carlos
The Effects Of Imf's Lending And Conditionalities On Economic Growth: Case Of Sadc Countries, Lutete Celina Carlos
Masters Theses
I examine the impact of IMF credit use and its conditions on economic growth performance in 12 South African countries over a period of 1999-2019. The work adopts an empirical and quantitative approach to analyzing the relationship between the GDP per Capita, the use of IMF Credit, Government Final Consumption Expenditure, Net Domestic Credit and Current Account balance. These variables are the most recommended in the IMF conditionalities during the lending arrangements with SADC members. The study uses Fixed-effect approach to evaluate how the use of IMF program and the conditions imposed directly affects economic growth. A dummy variable is …
A Simple Measure Of Economic Complexity, Sabiou M. Inoua
A Simple Measure Of Economic Complexity, Sabiou M. Inoua
ESI Working Papers
Contrary to conventional economic growth theory, which reduces a country’s output to one aggregate variable (GDP), product diversity is central to economic development, as recent, “economic complexity”, research suggests. A country’s product diversity reflects its diversity of knowhow or “capabilities”. Researchers proposed the Economic Complexity Index (ECI) and the country Fitness index to estimate a country’s number of capabilities from international export data; these measures predict economic growth better than conventional variables such as human capital. This paper offers a simpler measure of a country’s knowhow, Log Product Diversity (or LPD, the logarithm of a country’s number of products), which …