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Measuring ethno-linguistic affinity between nations

de Groot, Olaf J. - 2009

Research on ethno-linguistic ties has so far mostly focused on domestic measures of ethno-linguistic heterogeneity. Little attention has been given to the possibility that ethno-linguistic relations between countries may affect out- comes, particularly in a spatial econometric context. In this...

Persistent link: https://www.econbiz.de/10010273791

Technological change and transition: relative contributions to worldwide growth during the 1990s

Badunenko, Oleg; Henderson, Daniel J.; Zelenyuk, Valentin - 2007

In this paper we used the procedures developed in the Kumar and Russell (2002) growth-accounting study to examine cross-country growth during the 1990's. Using a data set comprising developed, newly industrialized, developing and transitional economies, we decomposed the growth of output per...

Persistent link: https://www.econbiz.de/10010264980

Convergence in institutions and market outcomes: crosscountry and time-series evidence from the BEEPS surveys in transition economies

Mitra, Pradeep; Muravyev, Alexander; Schaffer, Mark E. - 2008

This paper uses the BEEPS firm-level data to study the process of convergence of transition countries with developed … convergence of transition countries with developed market economies in a number of dimensions. The pattern of growth at the … activity taking place in 2002, the middle of the period analyzed. Throughout, the regional patterns suggest greater convergence …

Persistent link: https://www.econbiz.de/10010271080

Persistence and determinants of firm profit in emerging markets

Stephan, Andreas; Tsapin, Andriy - 2008

The paper studies the persistence of profit and its determinants in emerging markets. We apply Markov chain analysis, dynamic panel GMM estimation, and quantile regression techniques to a panel of approximately 3,000 Ukrainian companies. The empirical results show a moderate level of profit...

Persistent link: https://www.econbiz.de/10010271081

How many bucks in a bang: on the estimation of the economic costs of conflict

de Groot, Olaf J.; Brück, Tilman; Bozzoli, Carlos - 2009

The estimation of the costs of conflict is currently receiving a lot of attention in the literature. This paper aims to give a thorough overview of the existing literature, first by addressing the history of case studies that address conflict costs and second by looking at the existing body of...

Persistent link: https://www.econbiz.de/10010291777

Violent conflict and inequality

Bircan, Cagatay; Brück, Tilman; Vothknecht, Marc - 2010

This paper analyzes the distributive impacts of violent conflicts, which is in contrast to previous literature that has focused on the other direction. We use cross-country panel data for the time period 1960-2005 to estimate war-related changes in income inequality. Our results indicate rising...

Persistent link: https://www.econbiz.de/10010271373

Hysteresis and fiscal policy

Engler, Philipp; Tervala, Juha - 2016

Empirical studies support the hysteresis hypothesis that recessions have a permanent effect on the level of output. We analyze the implications of hysteresis for fiscal policy in a DSGE model. We assume a simple learning-by-doing mechanism where demand-driven changes in employment can affect the...

Persistent link: https://www.econbiz.de/10011583674

Austerity, inequality and private debt overhang

Klein, Mathias; Winkler, Roland - 2017

Using panel data of 17 OECD countries for 1980-2011, we find that the distributional consequences of fiscal consolidations depend significantly on the level of private indebtedness. Austerity leads to a strong and persistent increase in income inequality during periods of private debt overhang....

Persistent link: https://www.econbiz.de/10011595946

Macroeconomic effects of government spending: The Great Recession was (really) different

Klein, Mathias; Linnemann, Ludger - 2018

We estimate the effect of government spending shocks on the US economy with a time-varying parameter vector autoregression. The recent Great Recession period appears to be characterized by uniquely large impulse responses of output to fiscal shocks. Moreover, the particularity of this period is...

Persistent link: https://www.econbiz.de/10011902274

Government spending multipliers in (un)certain times

Fritsche, Jan Philipp; Klein, Mathias; Rieth, Malte - 2020

We estimate the dynamic effects of government spending shocks, using time-varying volatility in US data modeled through a Markov switching process. We find that the average government spending multiplier is significantly and persistently above one, driven by a crowding-in of private consumption...

Persistent link: https://www.econbiz.de/10012294299