Bonding in Europe
AbstractTime is ripe to look at the bonding institutions of Europe in a different way: as instruments able to change the internal dynamics of an economic system. These institutions will put a country attracted by a low and stable equilibrium output onto a path of economic growth. Questions such as under what circumstances these institutions can be created and whether their result, a new and higher output level, is stable are also addressed. Once in place they need not be eternal: when an economy reaches full employment, they might be dismantled because they use too much of the public funds.
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Bibliographic InfoPaper provided by EconWPA in its series GE, Growth, Math methods with number 0510004.
Length: 21 pages
Date of creation: 12 Oct 2005
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Note: Type of Document - pdf; pages: 21
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growth; bonding; Europe; bifurcations; government;
Find related papers by JEL classification:
- C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
- D5 - Microeconomics - - General Equilibrium and Disequilibrium
- D9 - Microeconomics - - Intertemporal Choice
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-10-15 (All new papers)
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