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The relationship between economic growth and democracy : alternative representations of technological change

Heshmati, Almas; Kim, Nam-Seok - 2017

This study investigates the relationship between economic growth and democracy by estimating a nation's production … shifters model enabled this study to find possible known channels between economic growth and democracy. Empirical results … based on a panel data of 144 countries observed for 1980-2014 show that democracy had a robust positive impact on economic …

Persistent link: https://www.econbiz.de/10011704213

The Relationship between Economic Growth and Democracy: Alternative Representations of Technological Change

Kim, Nam-Seok; Heshmati, Almas - 2017

This study investigates the relationship between economic growth and democracy by estimating a nation’s production … shifters model enabled this study to find possible known channels between economic growth and democracy. Empirical results … based on a panel data of 144 countries observed for 1980-2014 show that democracy had a robust positive impact on economic …

Persistent link: https://www.econbiz.de/10011669115

The Relationship between Economic Growth and Democracy: Alternative Representations of Technological Change

Heshmati, Almas; Kim, Nam-Seok - 2017

This study investigates the relationship between economic growth and democracy by estimating a nation's production … shifters model enabled this study to find possible known channels between economic growth and democracy. Empirical results … based on a panel data of 144 countries observed for 1980–2014 show that democracy had a robust positive impact on economic …

Persistent link: https://www.econbiz.de/10011744592

The Relationship between Economic Growth and Democracy : Alternative Representations of Technological Change

Heshmati, Almas - 2017

This study investigates the relationship between economic growth and democracy by estimating a nation's production … shifters model enabled this study to find possible known channels between economic growth and democracy. Empirical results … based on a panel data of 144 countries observed for 1980–2014 show that democracy had a robust positive impact on economic …

Persistent link: https://www.econbiz.de/10012950922

China's national production function since 1997 : a reinvestigation

Zhu, Yanyuan; Feng, Xiao - 2014

We build China’s national production function based on national accounting data since 1997, when China primarily transformed from the Planned economy to Market. By proxying and measuring stocks of human capital(HC), physical capital and the efficiency units, as well as government expenditure...

Persistent link: https://www.econbiz.de/10010345185

Long-Term Labour Productivity and GDP Projections for the EU25 Member States : A Production Function Framework

Carone, Giuseppe - 2011

This paper presents the results of long run labour productivity and GDP growth rate projections (until 2050) for each of the 25 EU Member States and provides a detailed overview of the forecast methodology used. These projections were undertaken in order to provide an internationally comparable...

Persistent link: https://www.econbiz.de/10012714560

The impact of financial factors on the output gap and estimates of potential output growth

Felipe, Jesus; Sotocinal, Noli; Bayudan-Dacuycuy, Connie - 2015

The literature on the finance-growth nexus highlights the importance of the financial cycle for the estimation of potential output of an economy. We estimate potential output growth for the G-5 countries, as well as for 10 high- and middle-income Asian economies, using a multivariate model that...

Persistent link: https://www.econbiz.de/10011346261

The Impact of Financial Factors on the Output Gap and Estimates of Potential Output Growth

Felipe, Jesus - 2015

Persistent link: https://www.econbiz.de/10013009417

Diffusion of technology and convergence of income among countries

Oz, Sumru - 2014 - Preliminary version; April 9, 2014

Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic mechanism of per capita income convergence among countries....

Persistent link: https://www.econbiz.de/10010251655

Estimation of technical change and TFP growth based on observable technology shifters

Heshmati, Almas; Rashidghalam, Masoomeh - 2017

This paper models and estimates total factor productivity (TFP) growth parametrically. The model is a generalization of the traditional production model where technology is represented by a time trend. TFP growth is decomposed into unobservable technical change, scale economies and observable...

Persistent link: https://www.econbiz.de/10012098960