What Can Markets Tell Us about Future Economic Growth? Historical Predictive Power of the Bond, Stock and Real Estate Markets

Russia’s institutional development is characterized by negative dynamics of business environment indicators and positive dynamics of investment and credit risk indicators. Reforms for which the state is responsible (legal reform, enforcement, regulation, public goods) are stagnating. In 2000-2007 the progress in developing basic market institutions (property rights, shareholders’ rights, land and real estate markets, state property management, bankruptcy and creditors rights) compared with other emerging markets was insufficient. The analysis suggests that legal and regulative support of economic institutions’ development is inadequate. Legislation chronically lags behind economic reality.

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Urban Real Estate Markets: a Catalyst for Economic Growth and Development - the 14th African Real Estate Society Conference

10.15396/afres2014_000 ◽

2014 ◽

Keyword(s):

Economic Growth ◽

Real Estate ◽

Growth And Development ◽

Real Estate Markets ◽

Economic Growth And Development

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Coronavirus Crisis or a New Stage of the Global Crisis of Capitalism?

Agrarian South Journal of Political Economy ◽

10.1177/2277976020970040 ◽

2020 ◽

Vol 9 (3) ◽

pp. 356-367

Author(s):

Arturo Guillén

Keyword(s):

Economic Growth ◽

Real Estate ◽

World Economy ◽

Central Banks ◽

Quantitative Easing ◽

Secular Stagnation ◽

Real Estate Markets ◽

The Great Depression ◽

The World ◽

Depth And Complexity

The emergence and spread of the COVID-19 pandemic have triggered a major economic crisis. Its depth and complexity resemble the Great Depression of the 1930s. This article argues that the pandemic has brought to the surface a set of contradictions that were present in the world economy, such as the trend to secular stagnation, as well as deflation and deglobalization of economies. Before the virus emerged, capitalism maintained a situation of precarious and fragile economic growth, combined with unstoppable speculation in the financial and real estate markets. The economies were and are sustained by the ‘artificial lung’ of the central banks that inject liquidity into the system through programs of quantitative easing of cheap and easy money. The course of the current recession is still very uncertain, but there is no doubt that it will be very deep and that a V-shaped recovery is unrealistic.

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