Narrow search
Showing 1 - 10 of 16
Cover Image
Myths about Beta-Convergence
Gluschenko, Konstantin - William Davidson Institute, University of Michigan - 2012
A popular methodology of studying spatial income inequality is analysis of beta-convergence (i.e. an inverse … growth theory predicts income convergence among economies (countries or regions within a country), and that beta-convergence …
Persistent link: https://www.econbiz.de/10010604579
Cover Image
Methodologies of Analyzing Inter-Regional Income Inequality and Their Applications to Russia
Gluschenko, Konstantin - William Davidson Institute, University of Michigan - 2010
This paper provides an overview of methodologies used to analyze inter-regional income inequality,and a critical survey of empirical studies that deal with Russian regions. It discusses implications of the growth theory regarding dynamics of inter-economy income inequality. Methodologies for...
Persistent link: https://www.econbiz.de/10008606478
Cover Image
Productive Government Expenditure and Economic Growth
Irmen, Andreas; Kuehnel, Johanna - CESifo - 2008
We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...
Persistent link: https://www.econbiz.de/10005196238
Cover Image
Further Theoretical and Empirical Evidence on Money to Growth Relation
Minea, Alexandru; Rault, Christophe; Villieu, Patrick - William Davidson Institute, University of Michigan - 2008
This paper proposes a theoretical growth model where seigniorage can be used to finance productive public spending, and show the existence of nonlinear effects between seigniorage and economic growth. Empirical evidence based on panel regression techniques provides some support for these...
Persistent link: https://www.econbiz.de/10005677676
Cover Image
On the Role of Absorptive Capacity: FDI Matters to Growth
Kinoshita, Yuko; Lu, Chia-Hui - William Davidson Institute, University of Michigan - 2006
The paper studies the effects of foreign direct investment (FDI) on economic growth when sufficient provisions of infrastructure is a pre-requisite. In the overlapping generations setting, we show that technology spillovers via FDI take place only when the host country has the sufficient level...
Persistent link: https://www.econbiz.de/10005652677
Cover Image
A Pair-Wise Approach to Testing for Output and Growth Convergence
Pesaran, M. Hashem - CESifo - 2004
This paper proposes a pair-wise approach to testing for output convergence that considers all N(N-1)/2 possible pairs … of log per capita output gaps across N economies. A general probabilistic definition of output convergence is also …-2000. Overall, the results do not support output convergence, and suggest that the findings of convergence clubs in the literature …
Persistent link: https://www.econbiz.de/10005766053
Cover Image
Is the Relationship between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle Income Countries
Samargandi, Nahla; Fidrmuc, Jan; Ghosh, Sugata - CESifo - 2014
We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries over the 1980-2008 period, using pooled mean group estimator in a dynamic heterogeneous panel setting. We show that financial development does not have a linear positive...
Persistent link: https://www.econbiz.de/10010757725
Cover Image
Geopolitics, Aid and Growth
Dreher, Axel; Eichenauer, Vera; Gehring, Kai - CESifo - 2013
We investigate the effects of short-term political motivations on the effectiveness of foreign aid. Donor countries’ political motives might reduce the effectiveness of conditionality, channel aid to inferior projects or affect the way aid is spent in other ways, reduce the aid bureaucracy’s...
Persistent link: https://www.econbiz.de/10010671571
Cover Image
Infrastructure and Growth: Empirical Evidence
Egert, Balazs; Kozluk, Tomasz; Sutherland, Douglas - William Davidson Institute, University of Michigan - 2009
Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure investment can have a positive effect on growth that goes beyond the effect of the capital stock because of economies of scale, the existence of network externalities competition...
Persistent link: https://www.econbiz.de/10008528994
Cover Image
Infrastructure and Growth: Empirical Evidence
Egert, Balazs; Kozluk, Tomasz; Sutherland, Douglas - CESifo - 2009
Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure investment can have a positive effect on growth that goes beyond the effect of the capital stock because of economies of scale, the existence of network externalities competition...
Persistent link: https://www.econbiz.de/10005013038