The Old and the New in U.S. Economic Expansion of the 1990s

Zarnowitz, Victor

doi:10.3386/w7721

Cited by 13 publications

(2 citation statements)

References 4 publications

(5 reference statements)

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“…Naturally, these processes could not be contained within national borders and have taken on global proportions; for example, innovative investment depends, a great deal, on open international markets, since national markets do not provide big enough payoffs for taking high risks anymore. [8] ΚΟΙΝΩΝΙΚΗ ΣΥΝΟΧΗ ΚΑΙ ΑΝΑΠΤΥΞΗ Many authors have found striking similarities between the post-1990s period with that of the first post-war decades, and therefore rightfully characterized the 1990s as "new golden age of accumulation" (Zarnowitz, 2000;Poterba, 2000). During this time period there has been a similar euphoric atmosphere as this can be judged from discussions about the so-called "new economy" of the 1990s, which -according to its proponents-displays features that appear quite similar to those of the "mixed economy" of the 1950s and the 1960s.…”

Section: Social Cohesion and Developmentmentioning

confidence: 99%

The ‘new golden age of accumulation’, the new depression and the Greek economy

Tsoulfidis

2016

SCAD

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The 'new golden age of accumulation', the new depression and the Greek economy Άρθρα | Articles ΠΕΡIΛΗΨΗ Στόχος του άρθρου είναι να ερευνήσει διεξοδι-κά τις βαθύτερες αιτίες της τρέχουσας κρίσης και της λεπτομερούς εκδήλωσής της στην περίπτωση της ελληνικής οικονομίας. Το σημαντικότερο επι-χείρημα του άρθρου είναι ότι η πρωταρχική αι-τία της κρίσης εντοπίζεται στην πτωτική τάση του ποσοστού κέρδους που από ένα σημείο και μετά οδηγεί σε στασιμότητα και εν τέλει πτώση στη μάζα των πραγματικών καθαρών κερδών που με τη σειρά τους αποθαρρύνουν τις επενδύσεις και οδηγούν σε αυξανόμενη ανεργία. Στην περίπτωση της ελληνικής οικονομίας, αυτή η κρίση της κερ-δοφορίας έχει επιδεινωθεί από τη συστολή των σημαντικών παραγωγικών δραστηριοτήτων της, ιδίως τη βιομηχανία και τη γεωργία. Η συστολή αυτών των δραστηριοτήτων όχι μόνο επιδείνωσε την κρίση αλλά επιπλέον προετοίμασε το έδαφος για την ανάπτυξη των διαφορετικών μορφών έκ-φρασής της, δηλαδή στη διόγκωση του χρέους και σε πρωτοφανή υψηλά ποσοστά ανεργίας που φέρνουν ολόκληρη την κοινωνία σε ένα αδιέξοδο. ΛΕΞΕΙΣ-ΚΛΕΙΔΙΑ:Πτωτική τάση κέρδους, μη παραγωγικές δραστηριότητες, μη εμπορεύσιμα αγαθά, κρίση, χρέος, ελληνική οικονομία ABSTRACT The purpose of this paper is to delve into the deeper causes of the current crisis and its detailed manifestation in the case of the Greek economy. The major argument of the paper is that the root cause of the crisis is fundamentally identified in the declining profitability which past a point leads to a stagnant mass of real net profits thereby discouraging investment spending and leading to rising unemployment. In the case of the Greek economy, this crisis of profitability has been aggravated by the contraction of its major productive activities, that is, manufacturing and agriculture. The contraction of these activities not only worsened the crisis but furthermore paved the way for the development of different forms of its expression; that is, mounting debt and unprecedented high rates of unemployment bringing the whole society into a stalemate. JEL Classifications: B5; E1, O51

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Section: Social Cohesion and Developmentmentioning

confidence: 99%

The ‘new golden age of accumulation’, the new depression and the Greek economy

Tsoulfidis

2016

SCAD

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“…La edad de oro del capitalismo muestra, en conjunto, indicadores mejores que épocas anteriores y posteriores. Zarnowitz (2000) anota que las ganancias durante los años 60, y aún durante los 80, fueron mayores a las de los años 1990.…”

Section: Edad De Oro Del Capitalismounclassified

Import Substitution Industrialization Policy: The Colombian Context

Zárate

2014

GCG

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President Carlos Lleras Restrepo in Colombia gave a boost to economic policy called Import Substitution Industrialization (ISI) during his tenure . The strong Keynesian content was not an isolated event in Latin America, where it extended its use from the 1950s in response to delays and applying the current global economic paradigm. The results would have no parallel in the twentieth century. These facts are analyzed in three sections: 1) characteristics of the Golden Age of Capitalism, 2) development theories then in vogue, 3) the war in Latin America. Finally a brief conclusión.

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Regression Analysis And Forecasting Models

Guerard

Schwartz

2007

Quantitative Corporate Finance

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The Old and the New in U.S. Economic Expansion of the 1990s

Cited by 13 publications

References 4 publications

The ‘new golden age of accumulation’, the new depression and the Greek economy

The ‘new golden age of accumulation’, the new depression and the Greek economy

Import Substitution Industrialization Policy: The Colombian Context

Regression Analysis And Forecasting Models

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