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Consumption and Aggregate Constraints: International Evidence
DeJuan, Joseph; Luengo-Prado, Maria J. - EconWPA - 2005
This paper documents that region-level consumption exhibits excess sensitivity to lagged income in Italy, Japan, Spain …, the United Kingdom and West Germany. However, region-specific idiosyncratic) consumption exhibits substantially less …
Persistent link: https://www.econbiz.de/10005126188
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Risk, utility-enhancing government expenditure, and the world economy
Erauskin-Iurrita, Inaki - EconWPA - 2004
study the impact of risk and the public sector on consumption-wealth ratio, growth and welfare, given the exogenous size of … the public sector. A higher weight of public consumption in the utility function raises the rate of growth due to a fall … in the consumption-wealth ratio. Then we show that consumptionwealth ratio and welfare are higher in an open economy than …
Persistent link: https://www.econbiz.de/10005408150
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Risk, productive government expenditure, and the world economy
Erauskin-Iurrita, Inaki - EconWPA - 2004
. Then we study the impact of changes in exogenous variables on consumption, growth, and welfare. Next, we show that … consumption-wealth ratio and welfare should be higher in an open economy than in a closed economy. We discuss whether open …
Persistent link: https://www.econbiz.de/10005556589
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How Do People Learn by Listening to Others? Experimental Evidence from Thailand
Healy, Andrew - EconWPA - 2005
This paper presents experimental evidence about how individuals learn from information that comes from inside versus outside their ethnic group. In the experiment, Thai subjects observed information that came from Americans and other Thais that they could use to help them answer a series of...
Persistent link: https://www.econbiz.de/10005125584
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Measuring Social Capital in Italy. An Exploratory Analysis
Sabatini, Fabio - EconWPA - 2005
The aim of this paper is to trace a map of Italian local social capital endowments. It focuses on the “structural” dimension of the concept, as identified with social networks. The analysis is based on a dataset collected by the author including about two hundred indicators of five main...
Persistent link: https://www.econbiz.de/10005407641
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Mortality Rate and Property Rights in a Model with Human Capital and R&D
Sequeira, Tiago - EconWPA - 2004
We use a set of established growth models, which simultaneously include human capital and R&D, to show that the effect of mortality rate in human capital accumulation is quantitatively more important than the effect of perfectly guaranteed patents on research. First, we show that the effect of...
Persistent link: https://www.econbiz.de/10005407750
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Social capital as social networks. A new framework for measurement
Sabatini, Fabio - EconWPA - 2005
The contribution of this paper to the social capital literature is twofold. Drawing on the Italian data, it firstly provides a new framework for measurement, allowing to build indicators for five different components of the multidimensional concept of social capital. Secondly, it provides a...
Persistent link: https://www.econbiz.de/10005407826
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Early Starts, Reversals and Catchup in The Process of Economic Development
Chanda, Areendam; Putterman, Louis - EconWPA - 2004
Early states like China, India, Italy and Greece have been experiencing more rapid economic growth in recent decades than have later-comers to agriculture and statehood like New Guinea, the Congo, and Uruguay. We show that more rapid growth by early starters has been the norm in economic...
Persistent link: https://www.econbiz.de/10005118750
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An Economic Development Index
Montenegro, Alvaro - EconWPA - 2004
There is no consensus about which variables, apart from income per capita, serve to characterize or define economic development, or guide its teaching. This paper proposes a simple and operational definition that combines the level of income per capita and the distribution of income. An economic...
Persistent link: https://www.econbiz.de/10005118764
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Un atlante del capitale sociale italiano
Sabatini, Fabio - EconWPA - 2005
This paper is the Italian version of “Measuring Social Capital in Italy”, presented at the Third Forum for Young Researchers promoted by the Italian Sociological Association and at the Second Workshop for Young Economists organized by the University of Bologna. The contribution of this paper...
Persistent link: https://www.econbiz.de/10005118976