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Volatility and Growth: Governments are Key
Jetter, Michael - Institute for the Study of Labor (IZA) - 2013
increase of volatility lowers growth by up to 0.57 percentage points in a democracy, but raises growth by 1.74 percentage …
Persistent link: https://www.econbiz.de/10010959641
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Fiscal Federalism, Decentralization and Economic Growth: Survey and Meta-Analysis
Baskaran, Thushyanthan; Feld, Lars P.; Schnellenbach, Jan - CESifo - 2014
The theoretical literature on the economics of fiscal federalism has identified several potential effects of government decentralization on economic growth. Much of the traditional literature focuses on the efficiency aspects of a decentralized provision of public services. However,...
Persistent link: https://www.econbiz.de/10010948879
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Intangible Knowledge Capital and Innovation in China
Fleisher, Belton M.; McGuire, William H.; Smith, Adam … - Institute for the Study of Labor (IZA) - 2013
Intangible knowledge capital (IKC) – technology produced by workers but not embodied in them – can offset the "middle income trap" as China exhausts the benefits of international technology transfer. IKC is productivity-enhancing among Chinese enterprises – more so in domestically owned...
Persistent link: https://www.econbiz.de/10010721628
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Stock Markets, Banks and Long Run Economics Growth: A Panel Cointegration-Based Analysis
Cavenaile, Laurent; Gengenbach, Christian; Palm, Franz - CESifo - 2013
The aim of this paper is to investigate the long run relationship between the development of banks and stock markets and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence to test the number of cointegrating vectors among these...
Persistent link: https://www.econbiz.de/10010723543
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Women’s Liberation: What’s in It for Men?
Doepke, Matthias; Tertilt, Michèle - Institute for the Study of Labor (IZA) - 2008
The nineteenth century witnessed dramatic improvements in the legal rights of married women. Given that these changes took place long before women gained the right to vote, they amounted to a voluntary renouncement of power by men. In this paper, we investigate men’s incentives for sharing...
Persistent link: https://www.econbiz.de/10005763642
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Euroskepticism in the Crisis: More Mood than Economy
Ritzen, Jo; Zimmermann, Klaus F.; Wehner, Caroline - Institute for the Study of Labor (IZA) - 2014
Before the Great Recession, rising income inequality within the European Union member states has been considered to be one driver for an increasing Euroskepticism. Using rich data on attitudes towards European integration from the Eurobarometer (EB) surveys, we revisit the issue by analyzing the...
Persistent link: https://www.econbiz.de/10010748385
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Revisiting the Link between Growth and Federalism: A Bayesian Model Averaging Approach
Asatryan, Zareh; Feld, Lars P. - CESifo - 2013
Following the ambiguous results in the literature aimed at understanding the empirical link between fiscal federalism and economic growth, this paper revisits the question using a Bayesian Model Averaging approach. The analysis suggests that the failure to appropriately account for model...
Persistent link: https://www.econbiz.de/10010690384
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Does Wealth Inequality Matter for Growth? The Effect of Billionaire Wealth, Income Distribution, and Poverty
Bagchi, Sutirtha; Svejnar, Jan - Institute for the Study of Labor (IZA) - 2013
A fundamental question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in tackling the question, researchers have had to use income as a proxy for wealth. We derive a global measure of wealth inequality from Forbes magazine's listing of billionaires and...
Persistent link: https://www.econbiz.de/10010720691
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Democratization, Violent Social Conflicts, and Growth
Cervellati, Matteo; Sunde, Uwe - Institute for the Study of Labor (IZA) - 2011
This paper investigates the empirical role of violent conflicts for the causal effect of democracy on economic growth …, we find evidence that peaceful transitions to democracy have a significant positive effect on growth that is even larger … than reported in the previous literature, while violent transitions to democracy have no, or even negative, effects on …
Persistent link: https://www.econbiz.de/10009002561
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Diversification, Dutch Disease, and Economic Growth: Options for Uganda
Gylfason, Thorvaldur; Nganou, Jean-Pascal Nguessa - CESifo - 2014
Natural resource discoveries, even when fairly modest in terms of the revenues they are expected to generate, can have significant macroeconomic effects and implications for the conduct of fiscal and monetary policy. In this respect, Uganda is no different from other oil-rich countries. In five...
Persistent link: https://www.econbiz.de/10011093976