Relative Economic Growth Rates and Fiscal-Monetary Policies: A Comment

1965 ◽  
Vol 73 (1) ◽  
pp. 74-80
Author(s):  
Paul S. Anderson
Author(s):  
Evgeny A. Vasyukov

In the context of a slowdown in global growth rates and under unfavorable foreign policy conditions, special attention should be paid to protective measures to stabilize the growth of the country's GDP. It was noted that not only the measures applied by the Central Bank, but also the level of communication with financial market participants have a significant impact on the formation of long-term expectations. It is shown that these factors significantly affect international capital flows and, as a result, the Russian economy. The conclusion is made about the need to stimulate domestic sources of economic growth in the context of international economic turbulence, the need to introduce a comprehensive package of measures using elements of both fiscal and monetary policies. The methodological basis of this study is the principles of a systematic comparative analysis of the interaction of market forces. The novelty consists in a comprehensive assessment of the state of sources of growth of the Russian economy in 2017-2018. in conditions of instability in the financial and economic sphere, and in identifying non-obvious factors that have a significant impact on economic growth rates. The main provisions, practical conclusions can be used to develop and implement monetary policy in the face of negative expectations from investors with the subsequent tightening of US monetary policy.


2010 ◽  
Vol 14 (5) ◽  
pp. 763-771 ◽  
Author(s):  
Holger Strulik

It is well known that the performance of simple models of economic growth improves substantially through the introduction of subsistence consumption. How to compute subsistence needs, however, is a difficult and controversial issue. Here, I reconsider the linear (Ak) growth model with subsistence consumption and show that the evolution of savings rates and economic growth rates over time is independent of the size of subsistence needs. The model is thus more general and less subject to arbitrariness than might have been thought initially. Quantitatively, it is shown that, although there is no degree of freedom to manipulate transitional dynamics, the model approximates the historical evolution of savings rates and growth rates reasonably well.


2016 ◽  
Vol 2 (4) ◽  
pp. 375-412 ◽  
Author(s):  
Wade M. Cole

A long-standing research question asks whether democracy promotes or inhibits development, but relatively few studies explore the developmental consequences of human rights. I analyze the effect of respect for bodily integrity rights and civil liberties on economic growth rates, measured as percentage changes in gross domestic product over pooled five-year intervals, for 138 countries between 1965 and 2010. Bodily integrity rights entail fundamental protections against torture, political imprisonment, extrajudicial killing, and disappearances. Civil liberties include the freedoms of speech, assembly, religion, and movement. The analyses make use of estimators designed to isolate causal directionality. I find that improvements in countries’ rated bodily integrity practices boost economic growth rates, even after accounting for other important explanatory factors and the possibility of reverse causality. Additional analyses suggest that this effect operates largely through increased domestic investment. Static levels in bodily integrity scores, conversely, have no effect on growth; neither do static levels of or dynamic changes in civil liberties.


2019 ◽  
Vol 39 (3) ◽  
pp. 285-303 ◽  
Author(s):  
Mohammad Rafiqul Islam

Global images of Bangladesh as a desperately poor country in need of foreign aid require revision in light of recent statistics that confirm impressive economic growth rates despite protracted political problems and climate-related risks. The article presents and discusses statistical evidence relating to recent economic growth rates of Bangladesh in terms of export, import and gross domestic product. This confirms the status of the country as a new tiger economy, moving away from its traditional dependence on agriculture. However, excessive reliance on exports of ready-made garments is found to be risky, while a more balanced growth model with a diverse basket of exports seems advisable.


2004 ◽  
Vol 23 (1) ◽  
pp. 276-277
Author(s):  
Michael Schlander ◽  
Christian Thielscher ◽  
Oliver Schwarz

2021 ◽  
Vol 244 ◽  
pp. 10020
Author(s):  
Tatiana Podolskaya ◽  
Maria Singkh

The risks and large-scale losses faced by the international community during the COVID-19 pandemic led to a recession in 2020. In these circumstances, of particular interest is the experience of China, which was able to maintain positive economic growth rates, demonstrating a unique resilience to modern challenges. The main objective of the study presented here is a statistical and structural analysis of the factors that ensure China’s international competitiveness and the resilience of its economy in the face of the COVID-19 pandemic. The analysis is expected to show which key factors of China’s international competitiveness have made its economy resilient to the challenges of the COVID-19 pandemic. The authors also hope to identify which promising developments, similar to China’s, will enhance the international competitiveness of the BRICS countries.


Sign in / Sign up

Export Citation Format

Share Document