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then to analyze the FDI inflow and GDP growth in Turkey with econometric methods. …
Persistent link: https://www.econbiz.de/10011049613
most important driver of changes in GDP growth for both the US and other advanced economies. When applied to real-time data …
Persistent link: https://www.econbiz.de/10011145426
Monthly economic indicators are used for a variety of purposes, from studying business cycles to determining economic policy and making informed business decisions. China's published monthly industrial output statistics could hardly be more confusing, with changes in variables, in coverage, in...
Persistent link: https://www.econbiz.de/10010744390
reduce the US net investment rate and net capital stock by up to one third and increase US GDP by up to 0.5%. Capital and MFP …
Persistent link: https://www.econbiz.de/10014278986
China's investment rate is one of the highest in the world, which naturally leads one to suspect that the return to capital in China must be quite low. Using the data from China's national accounts, we estimate the rate of return to capital in China. We find that the aggregate rate of return to...
Persistent link: https://www.econbiz.de/10005084802
It is increasingly accepted that the gross domestic product (GDP) growth rate of the People's Republic of China (PRC … double-digit GDP growth. On the demand side, a low share of household income in GDP has required the PRC to maintain an … resources. Finally, the PRC has reached the point where the manufacturing share of GDP has peaked and will begin to decline as …
Persistent link: https://www.econbiz.de/10011255219
Purchasing power parity exchange rates, or PPPs, are price indexes that summarize prices in each country relative to a numeraire country, typically the United States. These numbers are used to compare living standards across countries, by academics in studies of economic growth, particularly...
Persistent link: https://www.econbiz.de/10011268048
parameters without ad-hoc calibrations of the GDP's signal-to-noise ratio. We characterize the necessary properties of the third … signal. Using the model, we recover the optimal weight of the GDP in the composite economic growth estimates, which varies …
Persistent link: https://www.econbiz.de/10014322903
Does faster economic growth increase pressure for democratic change, or reduce it? Using data for 154 countries for the period 1963-2007, we examine the short-run relationship between economic growth and moves toward and away from greater democracy. To address the potential endogeneity of...
Persistent link: https://www.econbiz.de/10008680240
This paper develops a simple accounting framework that measures the effect of resource misallocation on aggregate productivity. This framework is based on a multi-sector equilibrium model with sector-specific frictions in the form of taxes on sectoral factor inputs. Our framework is flexible for...
Persistent link: https://www.econbiz.de/10010869506