Search results for "Macroeconomic"
showing 10 items of 503 documents
Government size, composition, volatility and economic growth
2008
This paper analyses the effects in terms of size and volatility of government revenue and spending on growth in OECD and EU countries. The results of the paper suggest that both variables are detrimental to growth. In particular, looking more closely at the effect of each component of government revenue and spending, the results point out that i) indirect taxes (size and volatility); ii) social contributions (size and volatility); iii) government consumption (size and volatility); iv) subsidies (size); and v) government investment (volatility) have a sizeable, negative and statistically significant effect on growth. info:eu-repo/semantics/publishedVersion
The Impact of Government Spending on the Private Sector: Crowding-out versus Crowding-in Effects
2011
Summary We contribute to the empirical literature on the effect of government spending on economic activity, by assessing the impact of changes in government spending-GDP ratio on (the short-term growth rates of) private consumption and investment. We do this by analysing a panel sample of 145 countries from 1960 to 2007. The results of our paper suggest that government spending produces important crowding-out effects, by negatively affecting both private consumption and investment. The result is broadly robust to both country and time effects, and different econometric specifications. In addition, we show that the effect of government consumption on private consumption and investment does …
Optimal Dynamics of Functionality Development in Open Innovation
2009
Abstract Sustainable functionality development has become crucial option for firm's survival in a new paradigm confronting a post-information society. This can be realized by earlier emergence of functionality development. In this context, effective utilization of external innovation resources leads to follower substitution for leader in open innovation. This substitution induces advancements of innovative goods by substituting gratification of their consumption for resistance to them. Thus, optimization of utmost gratification of consumption under certain investment would be crucial for firm strategy. Optimal functionality development dynamics is analyzed in this paper by integrating produ…
Gender, Weather Shocks and Welfare: Evidence from Malawi
2017
This paper explores the gender-differentiated effects of weather shocks on households’ welfare in Malawi using panel data aligned with climatic records. Results show that temperature shocks severely affect household welfare, reducing consumption, food consumption and daily caloric intake. The negative welfare effects are more severe for households where land is solely managed by women, a finding that sheds light on the gender-unequal impact of temperature shocks. Our evidence also suggests that women’s vulnerability to temperature shocks is linked to women’s land tenure security, as temperature shocks impact significantly women’s welfare only in patrilineal districts, where statistics show …
“The Limits” of Economic Growth in Romania
2014
Abstract A sustainable economic growth of GDP of 3-4% annually in Romania for the reduction of gaps in development was considered impossible by most institutions of various skill and opinion leaders, as well as of international financial bodies. The reasons cited were delayed public reforms, low growth potential as a result of the crisis, the overview status of the states in the Eurozone dependent on inside community trade and also the prospects for a lasting economic stagnation, the balance sheet effect, as a result of over indebtedness of firms and individuals that substantially reduced inclination towards investment and consumption. Contradicting these forecasts, in 2013, Romania's econo…
Geographical cues: evidences from New and Old World countries' wine consumers
2020
PurposeThis systematic review aims to investigate how geographical cues affect wine consumers' behaviors, with reference to the New and Old Worlds, and accordingly, how are recent consumption patterns and new consumer profiles modifying roles of geographical cues?Design/methodology/approachThis work employed a systematic literature review methodology on the extant literature published from 2009 to 2019.FindingsResults, summarized in a conceptual framework, emphasize five thematic areas on how geographical cues should be considered for future research and for new marketing strategies to capture consumers of New and Old World wines. Consumers' wine knowledge, socio-ethno-demographic factors, …
Recent Developments in International Investment Law
2016
International investment law remains a fast evolving and vibrant field of law with ongoing and recently-concluded investment treaty negotiations continually altering the status quo. It is a system at a crossroads of reform, generally focused on safeguarding the right of the host state to regulate and on improving the investor-state dispute settlement (ISDS) mechanism. But reform may also come into play in more far-reaching ways and significant changes are likely to see the day in the near future. One such change concerns the institutional architecture of the resolution of investment disputes, with the possible establishment of a permanent investment court and/or the introduction of an appel…
Education, Growth and Development
2016
The link between higher-education investment and growth is more relevant when a country’s economy is no longer based on imitation, and begins to rely instead, on innovation as the main engine for growth. The knowledge triangle – research, education and innovation – was a core factor in European efforts to meet the Lisbon strategy and its stated objective that knowledge should help the European economy become the most dynamic knowledge-based one in the world. The failure of the Lisbon strategy was later conducive to a new ambitious scheme, namely Horizon 2020. Human capital, when transposed to educational matters, helps put forward an assessment of the relevance of the neo-Schumpeterian view…
COVID-19 y libre circulación de inversiones: un (muy) difícil matrimonio (COVID-19 and Free Movement of Investment: A (Very) Difficult Marriage)
2020
Spanish Abstract: Las inversiones extranjeras estan siendo objeto de una aproximacion mas cautelosa y critica en los ultimos anos en gran numero de paises. Una posicion que se refleja en su regimen juridico y se manifiesta, entre otros extremos, en el diseno de mecanismos de control previo con base en su eventual contrariedad con la seguridad nacional del pais receptor. La pandemia del COVID-19 no ha hecho sino acentuar esta tendencia. La posicion mantenida por la UE al respecto, y la suspension de la libre circulacion de inversiones decidida por el Gobierno espanol son manifestaciones de ello que, todo apunta, han venido para perdurar. English Abstract: In recent years, foreign investment …
Aproximación a la Geografía del despilfarro en España: balance de las últimas dos décadas
2018
Este trabajo pretende ser una primera aproximación a la dimensión del despilfarro de recursos públicos en infraestructuras en España desde 1995 hasta la actualidad en los distintos niveles de gobierno. A partir de algunas precisiones sobre los conceptos de despilfarro y corrupción, se analiza, de una parte, la inversión y los sobrecostes en infraestructuras innecesarias impulsadas y ejecutadas por la Administración General del Estado en el ámbito de sus competencias, y de otra, infraestructuras, proyectos, eventos e inversiones fallidas, vacías o infrautilizadas acometidas por las Comunidades Autónomas y los gobiernos locales. Se abordan los déficit de marco institucional y de gobernanza te…