Removing Obstacles to Economic Growth
Author | : Michael L. Wachter |
Publisher | : |
Total Pages | : 8 |
Release | : 1984 |
Genre | : |
ISBN | : |
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Author | : Michael L. Wachter |
Publisher | : |
Total Pages | : 8 |
Release | : 1984 |
Genre | : |
ISBN | : |
Author | : Michael L. Wachter |
Publisher | : University of Pennsylvania Press |
Total Pages | : 536 |
Release | : 2016-11-11 |
Genre | : Business & Economics |
ISBN | : 1512808202 |
The unsatisfactory performance of the United States economy during the 1970s generated considerable debate over potential new directions for economic policy. This volume, the result of the second Wharton/Reliance Symposium held in May 1983, presents and analyzes a range of economic policy options. The focus of the volume is on potential policy remedies for the economic problems of slow real output and productivity growth. Given the range of issues covered and the alternative viewpoints presented, this collection does not search for an overall policy consensus. To focus on consensus would have required narrowing both the subject matter and the distinctive viewpoints that are presented here. The result is an open discussion of a set of existing and innovative policy options. Contributors include Henry A. Kissinger, former Secretary of State; Nobel Laureate Lawrence R. Klein, Lester C. Thurow, Professor of Economics and Management at Massachusetts Institute of Technology, Senator Alan Cranson; Alfred E. Kahn, Chairman of the Council on Wage and Price Stability under President Carter; William W. Winpisinger, International President of the International Association of Machinists and Aerospace Workers; and Justine Farr Rodriguez, Senior Economist with the U.S. Office of Management and Budget, among many others.
Author | : Mr.Hamid R Davoodi |
Publisher | : International Monetary Fund |
Total Pages | : 44 |
Release | : 2003-09-05 |
Genre | : Business & Economics |
ISBN | : 9781589062290 |
The Middle East and North Africa (MENA) is an economically diverse region. Despite undertaking economic reforms in many countries, and having considerable success in avoiding crises and achieving macroeconomic stability, the region’s economic performance in the past 30 years has been below potential. This paper takes stock of the region’s relatively weak performance, explores the reasons for this out come, and proposes an agenda for urgent reforms.
Author | : Kenneth David Kaunda |
Publisher | : |
Total Pages | : 0 |
Release | : 1980 |
Genre | : Zambia |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 50 |
Release | : 2005 |
Genre | : Pennsylvania |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 155 |
Release | : 2005 |
Genre | : Business enterprises |
ISBN | : |
Author | : Mr.Ari Aisen |
Publisher | : International Monetary Fund |
Total Pages | : 30 |
Release | : 2011-01-01 |
Genre | : Business & Economics |
ISBN | : 1455211907 |
The purpose of this paper is to empirically determine the effects of political instability on economic growth. Using the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods from 1960 to 2004, we find that higher degrees of political instability are associated with lower growth rates of GDP per capita. Regarding the channels of transmission, we find that political instability adversely affects growth by lowering the rates of productivity growth and, to a smaller degree, physical and human capital accumulation. Finally, economic freedom and ethnic homogeneity are beneficial to growth, while democracy may have a small negative effect.
Author | : Douglas Ensminger |
Publisher | : |
Total Pages | : 21 |
Release | : 1962 |
Genre | : Agriculture |
ISBN | : |
Author | : James S. Duesenberry |
Publisher | : |
Total Pages | : 128 |
Release | : 1967 |
Genre | : |
ISBN | : |
Author | : Ms.Era Dabla-Norris |
Publisher | : International Monetary Fund |
Total Pages | : 39 |
Release | : 2015-06-15 |
Genre | : Business & Economics |
ISBN | : 1513547437 |
This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.