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, costly adoption and spillovers from the world technology frontier. Despite its parsimonious parametrization, our empirical …
Persistent link: https://www.econbiz.de/10008756413
of persistent productivity differences across countries. In our model, new technologies are designed in advanced … for productivity differences: inappropriate technologies, policy-induced barriers to technology adoption, and within …
Persistent link: https://www.econbiz.de/10005772064
This note tries to clarify some remaining issues in the debate on the effect of income shocks on civil conflict. Section 1 discusses the discrepant findings on the effect of rainfall shocks on civil conflict in Miguel and Satyanath (2010, 2011) and Ciccone (2011). Section 2 develops an...
Persistent link: https://www.econbiz.de/10005707996
This paper studies the effects of financial liberalization and banking crises on growth. It shows that financial liberalization spurs on average economic growth. Banking crises are harmful for growth, but to a lesser extent in countries with open financial systems and good institutions. The...
Persistent link: https://www.econbiz.de/10005572659
We consider the application of normal theory methods to the estimation and testing of a general type of multivariate regression models with errors--in--variables, in the case where various data sets are merged into a single analysis and the observable variables deviate possibly from normality....
Persistent link: https://www.econbiz.de/10005827476
We extend to score, Wald and difference test statistics the scaled and adjusted corrections to goodness-of-fit test statistics developed in Satorra and Bentler (1988a,b). The theory is framed in the general context of multisample analysis of moment structures, under general conditions on the...
Persistent link: https://www.econbiz.de/10005772325
Standard methods for the analysis of linear latent variable models often rely on the assumption that the vector of observed variables is normally distributed. This normality assumption (NA) plays a crucial role in assessing optimality of estimates, in computing standard errors, and in designing...
Persistent link: https://www.econbiz.de/10005572637
A family of scaling corrections aimed to improve the chi-square approximation of goodness-of-fit test statistics in small samples, large models, and nonnormal data was proposed in Satorra and Bentler (1994). For structural equations models, Satorra-Bentler's (SB) scaling corrections are...
Persistent link: https://www.econbiz.de/10005704904
, the change in welfare is summarized by (the present value of) the Solow productivity residual and by the growth rate of … the capital stock per capita. We also show that productivity and the capital stock suffice to calculate differences in …
Persistent link: https://www.econbiz.de/10010552494
proximate sources of labour productivity growth in 41 nations between 1929 and 1950 by decomposing productivity growth into four … capital accumulation. We show that efficiency catch-up generally explains productivity growth, whereas technological change …
Persistent link: https://www.econbiz.de/10005772233