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On the Link between the Volatility and Skewness of Growth
Bekaert, Geert; Popov, Alexander - 2020
In a sample of 110 countries over the period 1960-2009, we document a positive relation between the volatility and skewness of growth in the cross-section. This novel stylized fact is related to two distinct mechanisms: sudden growth spurts in emerging markets, and sharp financial crises-driven...
Persistent link: https://www.econbiz.de/10014032598
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On the Link between the Volatility and Skewness of Growth
Bekaert, Geert - 2018
In a sample of 110 countries over the period 1960–2009, we document a positive relation between the volatility and skewness of growth in the cross-section. This novel stylized fact is related to two distinct mechanisms: sudden growth spurts in emerging markets, and sharp financial...
Persistent link: https://www.econbiz.de/10012938656
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A Simple Model of Conflict
Ille, Sebastian - 2013
conflict, leading to a low probability of a successful turn-over. The normative and conventional framework, in which players … model to predict the existence of two stable equilibria; one with a high rate of conflict, and another in which no conflict … influence the equilibria's basin of attraction, i.e. the likelihood of a transition and hence the probability of a conflict …
Persistent link: https://www.econbiz.de/10013080915
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A simple model of conflict
Ille, Sebastian - 2013
conflict, leading to a low probability of a successful turn-over. The normative and conventional framework, in which players … model to predict the existence of two stable equilibria; one with a high rate of conflict, and another in which no conflict … influence the equilibria's basin of attraction, i.e. the likelihood of a transition and hence the probability of a conflict …
Persistent link: https://www.econbiz.de/10009702311
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Boom or bust? : a political economy reading of India's growth experience, 1993 - 2013
Sen, Kunal; Kar, Sabyasachi - 2014
Persistent link: https://www.econbiz.de/10010511531
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Inequality in Good and Bad Times : A Cross-Country Approach
Hacibedel, Burcu - 2019
This paper provides evidence of a strong relationship between the short-term dynamics of growth and inequality in developing economies. We find that reductions in inequality during growth upswings are largely reversed during growth slowdowns. Using a new methodology (mediation analysis), we...
Persistent link: https://www.econbiz.de/10012892925
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Macroeconomic Volatility, Consumption Behaviour and Welfare : A Cross-Country Analysis
Montalbano, Pierluigi - 2012
This work presents a robust empirical approach to dealing with the issue of the long run relationship between macroeconomic volatility, consumption behaviour and welfare for a large sample of countries. Differing from previous works, our empirical strategy is grounded on consumption and takes...
Persistent link: https://www.econbiz.de/10013102776
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Resilience of Urban Economic Structures Following the Great Recession
Shutters, Shade T.; Kandala, Srinivasa; Wei, Fangwu; … - 2021
The future sustainability of cities is contingent on economic resilience. Yet, urban resilience is still not well understood, as cities are frequently disrupted by shocks, such as natural disasters, economic recessions, or changes in government policies. These shocks can significantly alter a...
Persistent link: https://www.econbiz.de/10013245823
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Why does happiness respond differently to an increase vs. decrease in income?
Easterlin, Richard A. - 2021
The answer is that people's evaluations of their income situation are based on different considerations when the economy is expanding and when it is contracting. When, in the course of economic growth, incomes generally are rising, evaluations tend to be dominated by "social comparison" - what...
Persistent link: https://www.econbiz.de/10012604148
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On the Link between the Volatility and Skewness of Growth
Bekaert, Geert - 2012
In a sample of 110 countries over the period 1960-2009, we document a positive relation between the volatility and skewness of growth in the cross-section. The relation holds regardless of initial level of economic development and of subsequent long-run growth rate. We argue that this novel...
Persistent link: https://www.econbiz.de/10013097664