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Convergence Empirics Across Economies with (Some) Capital Mobility

Quah, Danny - C.E.P.R. Discussion Papers - 1994

study of the convergence hypothesis. The data show limited intra-distribution mobility in incomes across economies and thus …, little convergence. The analysis uncovers some `convergence club'-like dynamics, and reveals the wide diversity in growth …

Persistent link: https://www.econbiz.de/10005661869

Galton's Fallacy and Tests of the Convergence Hypothesis

Quah, Danny - C.E.P.R. Discussion Papers - 1993

Recent tests for the convergence hypothesis derive from regressing average growth rates on initial levels: a negative … initial level coefficient is interpreted as convergence. These tests turn out to be plagued by Francis Galton's classical … direct empirics used here show a tendency for divergence, rather than convergence, of cross-country incomes. …

Persistent link: https://www.econbiz.de/10005791236

Cross-Country Growth Comparison: Theory to Empirics

Quah, Danny - C.E.P.R. Discussion Papers - 1999

This paper reviews the cross-country record of economic growth, using as organizing framework how economic theory has guided that empirical analysis. The paper argues that recent studies of economic growth - both empirical and theoretical - distinguish from previous work in three distinct ways:...

Persistent link: https://www.econbiz.de/10005792232

Empirics for Growth and Distribution: Stratification, Polarization, and Convergence Clubs

Quah, Danny - C.E.P.R. Discussion Papers - 1997

peaks’ in the cross-sectional distribution, not simple patterns of convergence or divergence. The theoretical problems …

Persistent link: https://www.econbiz.de/10005792305

Spatial Agglomeration Dynamics

Quah, Danny - C.E.P.R. Discussion Papers - 2002

geography. The same economic forces influence simultaneously growth, convergence, and spatial agglomeration and clustering …

Persistent link: https://www.econbiz.de/10005136721

Economic and Political Liberalizations

Giavazzi, Francesco; Tabellini, Guido - C.E.P.R. Discussion Papers - 2004

This Paper studies empirically the effects of and the interactions amongst economic and political liberalizations. Economic liberalizations are measured by a widely used indicator that captures the scope of the market in the economy, and in particular of policies towards freer international...

Persistent link: https://www.econbiz.de/10005661576

The Weightless Economy in Economic Development

Quah, Danny - C.E.P.R. Discussion Papers - 1999

Can the increasing significance of knowledge-products in national income---the growing weightless economy---influence economic development? Those technologies reduce ``distance'' between consumers and knowledge production. This paper analyzes a model embodying such a reduction. The model shows...

Persistent link: https://www.econbiz.de/10005791375

Debt and the Effects of Fiscal Policy

Favero, Carlo A.; Giavazzi, Francesco - C.E.P.R. Discussion Papers - 2007

A shift in taxes or in government spending (a ”fiscal shock”) at some point in time puts a constraint on the path of taxes and spending in the future, since the government intertemporal budget constraint will eventually have to be met. This simple fact is surprisingly overlooked in analyses...

Persistent link: https://www.econbiz.de/10005497892

The Household Effects of Government Spending

Giavazzi, Francesco; McMahon, Michael - C.E.P.R. Discussion Papers - 2012

This paper provides new evidence on the effects of fiscal policy by studying, using household-level data, how households respond to shifts in government spending. Our identification strategy allows us to control for time-specific aggregate effects, such as the stance of monetary policy or the...

Persistent link: https://www.econbiz.de/10011083759

The output effect of fiscal consolidations

Alesina, Alberto F; Favero, Carlo A.; Giavazzi, Francesco - C.E.P.R. Discussion Papers - 2012

Fiscal consolidations achieved by means of spending cuts are much less costly in terms of output losses than tax-based ones. The difference cannot be explained by accompanying policies, including monetary policy, and it is mainly due to the different response of business confidence and private...

Persistent link: https://www.econbiz.de/10011084635