This paper addresses the question of whether growth convergence can be sustained in the global economy without compromising welfare and without causing major crises. It employs a simplified stock-flow analytical framework to examine the proposition that the pace and pattern of global growth is conditioned by ‘under-consumption’ in some regions of the world and ‘overborrowing’ in other regions. A baseline projection using the Cambridge-Alphametrics model (CAM) illustrates consequences of resumed global imbalances after the 2008-2009 crisis. An alternative scenario exemplifies the case in which China and India shift towards internal income redistribution and domestic demand orientated policies and suggests that this will not be sufficient ...
Abstract. The future of economic growth is projected by solving differential equations describing gr...
pre-printThis paper presents an investigation of global recovery from the great recession and rebala...
Across the world, a structural growth slowdown is underway: at current trends, the global potential ...
This paper addresses the question of whether growth convergence can be sustained in the global econo...
The article examines to what extent the recovery of the global economy could gain support from a mor...
Since 2003, world economic growth has accelerated and there has been strong improvement in corporate...
This paper explores the emergence of large current account imbalances in a few large countries, the ...
This paper assesses the sustainability of global imbalances by testing for the presence of unit root...
AbstractAlthough there have been surplus and deficit nations in the world for some decades, the 2008...
Extensive attention has been given to countries that run current account deficits, but little attent...
Maintaining today’s global imbalances would help to overcome the major disproportion of our times – ...
Presented at GLOBELICS 2009, 7th International Conference, 6-8 October, Dakar, Senegal.Parallel sess...
This paper examines certain structural macroeconomic relations in the neoliberal global economy. The...
Global financial imbalances receive a great deal of attention in relation to the emerging economies ...
The relationship between Growing economies have recovered from the global financial crisis faster th...
Abstract. The future of economic growth is projected by solving differential equations describing gr...
pre-printThis paper presents an investigation of global recovery from the great recession and rebala...
Across the world, a structural growth slowdown is underway: at current trends, the global potential ...
This paper addresses the question of whether growth convergence can be sustained in the global econo...
The article examines to what extent the recovery of the global economy could gain support from a mor...
Since 2003, world economic growth has accelerated and there has been strong improvement in corporate...
This paper explores the emergence of large current account imbalances in a few large countries, the ...
This paper assesses the sustainability of global imbalances by testing for the presence of unit root...
AbstractAlthough there have been surplus and deficit nations in the world for some decades, the 2008...
Extensive attention has been given to countries that run current account deficits, but little attent...
Maintaining today’s global imbalances would help to overcome the major disproportion of our times – ...
Presented at GLOBELICS 2009, 7th International Conference, 6-8 October, Dakar, Senegal.Parallel sess...
This paper examines certain structural macroeconomic relations in the neoliberal global economy. The...
Global financial imbalances receive a great deal of attention in relation to the emerging economies ...
The relationship between Growing economies have recovered from the global financial crisis faster th...
Abstract. The future of economic growth is projected by solving differential equations describing gr...
pre-printThis paper presents an investigation of global recovery from the great recession and rebala...
Across the world, a structural growth slowdown is underway: at current trends, the global potential ...