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Rebalancing of demand in China – illustrating possible effects with an input-output analysis
(29.09.2015)
BOFIT Policy Brief 9/2015
BOFIT Policy Brief 9/2015
As it gets increasingly difficult for investors to find opportunities for productive investment, China’s traditional investment-led growth model has lost steam. China now faces a rebalancing of domestic demand toward ...
A new growth model for the Russian economy
(26.02.2015)
BOFIT Policy Brief 1/2015
BOFIT Policy Brief 1/2015
The slowdown of the Russian economy is due to chronic factors and cannot be cured by simple fixes such as relaxing monetary or fiscal policy. The biggest impediment to growth in Russia’s case is the weak market environment, ...
How fast can Russia grow?
(16.12.2015)
BOFIT Policy Brief 10/2015
BOFIT Policy Brief 10/2015
In this note I gauge Russia’s future growth potential under various assumptions in a standard growth-accounting framework. Russia’s GDP growth during the next two decades will be substantially lower than during the previous ...
When are fixed exchange rates an appropriate policy tool for growth?
(11.08.2015)
BOFIT Policy Brief 8/2015
BOFIT Policy Brief 8/2015
This policy brief discusses how a fixed exchange rate regime (FERR) may promote economic growth by undermining the Balassa-Samuelson effect. When total factor productivity (TFP) is faster in the industrial sector than in ...
BOFIT Venäjä-tietoisku 2015
(02.07.2015)
BOFIT Policy Brief 7/2015
BOFIT Policy Brief 7/2015
Kesäkuussa järjestetty BOFIT Venäjä-tietoiskun käsitteli Venäjän vaikeaa taloudellista tilannetta useasta eri näkökulmasta. Ensimmäinen artikkeli käsittelee Venäjän talouskehitystä viime aikoina. Tuotanto laskee useimmilla ...