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What Happened to Kobe? A Reassessment of the Impact of the 1995 Earthquake in Japan

DuPont, William; Noy, Ilan - Department of Economics, University of Hawaii-Manoa - 2012

The received wisdom is that the devastation wrought by the 1995 Kobe earthquake did not have any long-term impact on the Japanese economy, nor much impact on Kobe itself. We re-evaluate the evidence using a new methodology, synthetic control, and find a persistent and still continuing adverse...

Persistent link: https://www.econbiz.de/10010539105

Strategic Interaction in Local Fiscal Policy: Evidence from Portuguese Municipalities

Silva, Hélia; Veiga, Linda Gonçalves; Portela, Miguel - Núcleo de Investigação em Políticas Económicas … - 2011

This paper aims at testing the degree of interaction between Portuguese municipalities’ expenditure levels by estimating a dynamic panel model, based on jurisdictional reaction functions. The analysis is performed for all 278 Portuguese mainland municipalities from 1986 to 2006, using...

Persistent link: https://www.econbiz.de/10009210961

Elasticities of Regional and Local Administrations Expenditures - the Portuguese case

Mourão, Paulo Reis - Núcleo de Investigação em Políticas Económicas … - 2005

This work analyses the evolution of real public expenditures of local and regional administrations (LRA), in Portugsl, in the period after the Second World War. It also aims to estimate the elasticities associated to determinants, which explain the found growth. As most relevant results, it is...

Persistent link: https://www.econbiz.de/10005572449

Asymmetry of Shocks and Convergence in Selected Asean Countries: A Dynamic Analysis

Cortinhas, Carlos - Núcleo de Investigação em Políticas Económicas … - 2006

degree of convergence could be identified over time, distinguishing between a country’s convergence with a regional partner … and a more general trend of convergence with the rest of the world. The results showed that in the majority of cases there … has been an increase in the degree of convergence of demand shocks in recent years. More importantly, it also showed an …

Persistent link: https://www.econbiz.de/10005771626

Natural Disasters and Economic Policy for the Pacific Rim

Noy, Ilan - Department of Economics, University of Hawaii-Manoa - 2012

We survey the history of natural disasters in the Pacific Rim, and the region's vulnerabilities. We also discuss the extent of our knowledge about the short- and long-term economic impacts of these disasters, and prevention, mitigation and post-disaster policies that may be implemented.

Persistent link: https://www.econbiz.de/10009493709

What do Exogenous Shocks Tell Us about Growth Theories?

Noy, Ilan; Nualsri, Aekkanush - Department of Economics, University of Hawaii-Manoa - 2007

The sources of economic growth and development have been puzzling economists from the modern dawn of the profession. While the Solow-Swan neo-classical model dominated research on growth in the 1960s and 1970s, the 1980s saw the emergence of growth theories that disputed, largely on theoretical...

Persistent link: https://www.econbiz.de/10005704455

The Economics of Natural Disasters - A Survey

Cavallo, Eduardo; Noy, Ilan - Department of Economics, University of Hawaii-Manoa - 2009

Catastrophes caused by natural disasters are by no means new, yet our evolving understanding regarding their relevance to economic development and growth is still at its infancy. In order to facilitate further necessary research on this topic, we summarize the state of the economic literature...

Persistent link: https://www.econbiz.de/10008550017

Scorecard on Development: 25 Years of Diminished Progress

Weisbrot, Mark; Baker, Dean; Rosnick, David - Center for Economic and Policy Research (CEPR) - 2005

This report looks at available data on economic growth and various social indicators - including health outcomes and education - in low- and middle-income countries over the last 25 years.

Persistent link: https://www.econbiz.de/10005651411

Chinese Saving Dynamics: The Impact of GDP Growth and the Dependent Share

Bonham, Carl; Wiemer, Call - Department of Economics, University of Hawaii-Manoa - 2010

China’s national saving rate rose rapidly in the 2000s after declining through the late 1990s. These dynamics are not explained by precautionary motives, the institutional distribution of income, or reform related processes in general. Rather, we find a compelling explanation lies with GDP...

Persistent link: https://www.econbiz.de/10008685109

Public spending and growth: the role of institutions

Morozumi, Atsuyoshi; Veiga, Francisco José - Núcleo de Investigação em Políticas Económicas … - 2014

This paper examines the role of institutions in the nexus between public spending and economic growth. Using a newly assembled dataset of 80 countries over the 1970-2010 period with disaggregated public spending, we show that only when institutions prompt governments to be accountable to the...

Persistent link: https://www.econbiz.de/10010897793