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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

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

Good Institutions are not enough: Ongoing Challenges of East German Development

Carlin, Wendy - CESifo - 2010

A major theme in accounts of the transitional recession and delayed convergence in post-communist economies is the role …

Persistent link: https://www.econbiz.de/10008671711

Reform, Uncertainty and Spillovers - A Gravity Model Approach

Fidrmuc, Jan; Karaja, Elira; Tichit, Ariane - CESifo - 2012

Reforms often occur in waves, seemingly cascading from country to country. We argue that such reform waves may be driven by informational spillovers: uncertainty about the outcome of reform is reduced by learning from the experience of similar countries. We motivate this hypothesis with a simple...

Persistent link: https://www.econbiz.de/10009651184

How I Learned to Stop Worrying and Love the Crisis

Fidrmuc, Jan; Tichit, Ariane - CESifo - 2012

We investigate the effects of economic crises on the subsequent economic performance, economic reform, democratization and institutional change. Our analysis is based on a sample of post-communist countries, most of which experienced severe economic crises during the 1990s. We find that the...

Persistent link: https://www.econbiz.de/10009645638

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

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

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

Monetary Transmission Mechanism in Transition Economies: Surveying the Surveyable

Egert, Balazs; MacDonald, Ronald - CESifo - 2006

This paper surveys recent advances in the monetary transmission mechanism (MTM). In particular, while laying out the functioning of the separate channels in the MTM, special attention is paid to exploring possible interrelations between different channels through which they may amplify or...

Persistent link: https://www.econbiz.de/10005094342

A Convex Hull Approach to Counterfactual Analysis of Trade Openness and Growth

Funke, Michael; Gronwald, Marc - CESifo - 2009

In this paper, we apply a convex hull approach to counterfactual analysis of trade openness and growth. The experiments we choose evaluate the importance of trade openness for growth across African countries. Specifically, we ask the question “what would happen if African countries were more...

Persistent link: https://www.econbiz.de/10005034636