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Michael Grömling / Hans-Peter Klös in Intereconomics External Publication 5. June 2019 Inclusive Growth – Institutions Matter!

The aim of the concept of inclusive growth is to derive political recommendations on the basis of selected indicators so that a maximum number of socio-economic groups may benefi t from the economic progress of a country.

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Inclusive Growth – Institutions Matter!
Michael Grömling / Hans-Peter Klös in Intereconomics External Publication 5. June 2019

Inclusive Growth – Institutions Matter!

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The aim of the concept of inclusive growth is to derive political recommendations on the basis of selected indicators so that a maximum number of socio-economic groups may benefi t from the economic progress of a country.

On the one hand, this initiative continues the long-running debate on alternative welfare measures beyond GDP-per-capita. On the other, the discussion on the relationship between growth and distribution is being revitalised. This article deals with the potentials and limitations of the concept of inclusive growth. Conventional inclusive growth concepts are less embedded within a growth context and not focused on political frameable institutions. The indicators focus on results or outcome rather than on growth drivers. In addition, outcome variables are mixed with supply-side indicators. Therefore, the conventional concepts should be further developed into an institution-oriented ‘inclusive growth accounting’ with a focus on the growth factors of labour, education and capital.

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Inclusive Growth – Institutions Matter!
Michael Grömling / Hans-Peter Klös in Intereconomics External Publication 5. June 2019

Michael Grömling / Hans-Peter Klös in Intereconomics

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Investment, Human Capital and Growth Effects of Public Spending
Martin Beznoska / Björn Kauder / Thomas Obst IW-Policy Paper No. 2 3. February 2021

Investment, Human Capital and Growth Effects of Public Spending

Unlike public sector consumption, public investment is often regarded as contributing to growth. Yet while spending on "intangible" goods such as education does not count as investment, even though it is potentially growth-enhancing, expenditure with little to ...

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Michael Grömling in Intereconomics External Publication 21. January 2021

COVID-19 and the Growth Potential

The lasting economic impact of the coronavirus pandemic will become apparent in the development of the macroeconomic factors of production – labour, capital, human capital as well as the stock of technical knowledge.

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