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Globalisation versus informality : evidence from developing countries
Pham, Thi Hong Hanh - 2011
A number of theoretical studies have tended to trace the nature of globalization process' impacts (mostly characterised by trade opening) on informality, while relevant empirical literature has been not well developed. The paper aims to fill this knowledge gap by shedding further light on the...
Persistent link: https://www.econbiz.de/10011346442
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Employment growth, inflation and output growth: Was Phillips right? Evidence from a dynamic panel
Caporale, Guglielmo Maria; Škare, Marinko - 2011
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in Phillips' tradition. For this purpose we apply FMOLS, DOLS, PMGE, MGE, DFE, and VECM methods to a nonstationary heterogeneous dynamic panel including annual data for 119...
Persistent link: https://www.econbiz.de/10010277380
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Institutions and development : the interaction between trade regime and political system
Falkinger, Josef; Grossmann, Volker - 2004
This paper argues that openness to goods trade in combination with an unequal distribution of political power has been a major determinant of the comparatively slow development of resource- or land-abundant regions like South America and the Caribbean in the nineteenth century. We develop a...
Persistent link: https://www.econbiz.de/10010261261
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Democracy and development : the devil in the details
Persson, Torsten; Tabellini, Guido - 2006
Does democracy promote economic development? This paper reviews recent attempts to address this question that exploited within-country variation. It shows that the answer is largely positive, but also depends on the details of democratic reforms. First, the sequence of economic vs political...
Persistent link: https://www.econbiz.de/10010261420
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Cyclical fiscal policy, output volatility, and economic growth
Badinger, Harald - 2008
This paper provides a comprehensive empirical assessment of the relation between the cyclicality of fiscal policy, output volatility, and economic growth, using a large cross-section of 88 countries over the period 1960 to 2004. Identification of the effects of (endogenous) cyclical fiscal...
Persistent link: https://www.econbiz.de/10010264336
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Do natural resources depress income per capita?
Arezki, Rabah; van der Ploeg, Frederick - 2010
Most evidence for the resource curse comes from cross-country growth regressions suffers from a bias originating from the high and ever-evolving volatility in commodity prices. This paper addresses these issues by providing new cross-country empirical evidence for the effect of resources in...
Persistent link: https://www.econbiz.de/10010270466
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Natural resources: Curse or blessing?
van der Ploeg, Frederick - 2010
and bad growth prospects, and that these adverse effects are more severe in volatile countries with bad institutions and … a resource boom reinforces rent grabbing and civil conflict especially if institutions are bad, induces corruption …
Persistent link: https://www.econbiz.de/10010270490
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When the state mirrors the family: The design of pension systems
Galasso, Vincenzo; Profeta, Paola - 2010
This paper studies the transmission mechanism from family culture to economic institutions, by analyzing the impact of …
Persistent link: https://www.econbiz.de/10010274843
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Political versus economic institutions in the growth process
Flachaire, Emmanuel; García-Peénalosa, Cecilia; … - 2011
After a decade of research on the relationship between institutions and growth, scholars in this field seem to be … divided. Economic institutions perform well in growth regressions and a body of literature argues that this supports the key … importance of institutions for development. Other authors maintain that the type of constraints that the recent theoretical …
Persistent link: https://www.econbiz.de/10010274856
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Determinants of human development: Capturing the role of institutions
Binder, Michael; Georgiadis, Georgios - 2011
' persistent characteristics, such as their institutions. Among our findings are that macroeconomic policies affect development …
Persistent link: https://www.econbiz.de/10010274921