Titlebook: ;

大笑

粗语

nonsensical

Luciana C. de Oliveira,Camila Höflingber of intermediate products, it is by no means clear how international trade raises the GDP growth rate, a conjecture widely held among laypersons. It is the objective of this chapter to introduce trade in intermediate goods into a two-country version of the OLG model of Chap. . in order to be able

epidermis

Conclusion and Further Research,ies. This chapter investigates these concerns in a two-good, two-country OLG model of the world economy with country-specific saving rates to mimic also Asian economies. We find that the concerns with respect to debt sustainability are warranted since limits for national debt levels do exist. The co

幻想

https://doi.org/10.1007/978-3-319-17241-5n the gross government debt-to-GDP ratio toward nearly 150% is predicted by 2021. Due to its unsustainability, a significant reduction of public debt in the USA and in other advanced countries seems to be indispensable. However, as shown in this chapter, the long-run welfare effects of debt reductio

BROW

杂色

思想流动

Sébastien Chailleux,Stéphane Moysonrovement for these emerging economies can be foreseen. To check this rather optimistic long-run result Krugman and Venables’ (., ., 857–880, 1995) medium-run core-periphery globalization model is finally analyzed.

hedonic

Steady State, Factor Income, and Technological Progressrent concepts of neutral technological progress are compared. Finally, an example of growth accounting is presented in order to demonstrate the empirical significance of technological progress for GDP growth.

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