| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1772 |
| DP1772 Is the Price Level Determined by the Needs of Fiscal Solvency? | |
| Matthew B Canzoneri; Robert Cumby; Behzad Diba | |
| 发表日期 | 1998-01-31 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | This paper argues that domestic social conflicts are a key to understanding why growth rates lack persistence and why so many countries have experienced a growth collapse after the mid-1970s. It emphasizes, in particular, the manner in which social conflicts interact with external shocks on the one hand, and the domestic institutions of conflict-management on the other. Econometric evidence provides support for this hypothesis. Countries that experienced the sharpest drops in growth after 1975 were those with divided societies (as measured by indicators of inequality, ethnic fragmentation etc) and with weak institutions of conflict management (proxied by indicators of the quality of governmental institutions, rule of law, democratic rights, and social safety nets). |
| 主题 | International Macroeconomics ; International Trade and Regional Economics |
| 关键词 | Economic growth |
| URL | https://cepr.org/publications/dp1772 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530919 |
| 推荐引用方式 GB/T 7714 | Matthew B Canzoneri,Robert Cumby,Behzad Diba. DP1772 Is the Price Level Determined by the Needs of Fiscal Solvency?. 1998. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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