Confidence Matters for Current Economic Growth: Empirical Evidence for the Euro Area and the United States*

2015 ◽  
Vol 96 (4) ◽  
pp. 1027-1040 ◽  
Author(s):  
Gabe J. de Bondt ◽  
Stefano Schiaffi
Keyword(s):  
United States ◽  
Economic Growth ◽  
Empirical Evidence ◽  
Euro Area ◽  
The United States

At a Glance…

2002 ◽  
Vol 181 ◽  
pp. 2-3
Keyword(s):  
United States ◽  
Economic Growth ◽  
Stock Market ◽  
Euro Area ◽  
Equity Markets ◽  
The United States ◽  
Japanese Economy ◽  
List Type ◽  
Sharp Fall

The sharp fall in equity markets will dampen economic growth next year: global output is forecast to increase by 3.4 per cent in 2003.Lower stock market wealth means that the United States will grow by 2.9 per cent next year, 0.6 per cent less than our previous forecast.The euro area will grow by only 1.2 per cent this year, more slowly than in 2001.The Japanese economy will shrink by 0.1 per cent this year, a better performance than previously expected. However, output will only grow by 0.7 per cent in 2003.

Markets, Technological Change and Economic Growth (The Quaid-i-Azam Lecture)

1994 ◽  
Vol 33 (4I) ◽  
pp. 327-356 ◽  
Author(s):  
Richard G. Lipsey
Keyword(s):  
United States ◽  
Economic Growth ◽  
Developing Countries ◽  
Common Ground ◽  
The United States ◽  
Industrial Countries ◽  
Canadian Institute ◽  
Primary Focus ◽  
Short Time

I am honoured to be invited to give this lecture before so distinguished an audience of development economists. For the last 21/2 years I have been director of a project financed by the Canadian Institute for Advanced Research and composed of a group of scholars from Canada, the United States, and Israel.I Our brief is to study the determinants of long term economic growth. Although our primary focus is on advanced industrial countries such as my own, some of us have come to the conclusion that there is more common ground between developed and developing countries than we might have first thought. I am, however, no expert on development economics so I must let you decide how much of what I say is applicable to economies such as your own. Today, I will discuss some of the grand themes that have arisen in my studies with our group. In the short time available, I can only allude to how these themes are rooted in our more detailed studies. In doing this, I must hasten to add that I speak for myself alone; our group has no corporate view other than the sum of our individual, and very individualistic, views.

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