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On the Typical Spectral Shape of an Economic Variable

Levy, Daniel; Dezhbakhsh, Hashem - EconWPA - 2004

In a classical article, Granger (1966) argued that the levels of most economic time series have spectra that exhibit a smooth declining shape with considerable power at very low frequencies. He termed it "the typical spectral shape of an economic variable." Granger's assertion has not been...

Persistent link: https://www.econbiz.de/10005412862

ECONOMIC / ENVIRONMENTAL SYSTEM INTERACTION

Vildosola, Luis - EconWPA - 2003

This work is focused on identifying the relationship an economic system and its policies have with the environment. The biosphere is chosen in particular as object of analysis but this can be extended by means of an ecosystem recursive properties. The common factor involved in the relationship...

Persistent link: https://www.econbiz.de/10005062749

Foreign Direct Investment and Economic Growth in Bolivia, 1990- 1998

Flexner, Nikolai - EconWPA - 2003

This paper employs ordinary least squares (OLS) estimation to examine the determinants of foreign direct investment (FDI) and the effect of FDI on per capita GDP growth in Bolivia over the period 1990:1-1998:4. The regression results find that the real effective multilateral exchange rate, the...

Persistent link: https://www.econbiz.de/10005561297

Education Policies to Revive a Stagnant Economy: The Case of Sub- Saharan Africa

Caucutt, Elizabeth M.; Kumar, Krishna B. - EconWPA - 2003

In this paper, we argue that the condition of education and the economy of the low performing sub-Saharan African countries can be characterized as a stagnant steady state -- a "trap". We present a simple heterogeneous-agent model in which high costs of education relative to income and the skill...

Persistent link: https://www.econbiz.de/10005407694

Unified Growth Theory

Galor, Oded - EconWPA - 2005

theorists to advance an alternative theory that captures in a single unified framework the epoch of Malthusian stagnation, the … modern era of sustained economic growth, and the recent transition between these distinct regimes. Unified growth theory … species, enhancing the confidence in the viability of the theory, its predictions and its policy implications for the growth …

Persistent link: https://www.econbiz.de/10005556052

Meditating on "Slow Growth in Africa" - New Evidence or Just Ol' Stuff?

Amavilah, V. Heinrich - EconWPA - 2003

This abstract will be reformatted upon submission. You don't need to format for line-breaks here!!!!! This will be a new paragraph but you can't indent - sorry. Now remember the good old days of cards. Punched holes in The Journal of Economic Perspectives (Summer, 1999: 3-114) published a...

Persistent link: https://www.econbiz.de/10005556058

China’s Economic Growth 1978-2025: What We Know Today about China’s Economic Growth Tomorrow

Holz, Carsten A - EconWPA - 2005

Views of the future China vary widely. While some believe that the collapse of China is inevitable, others see the emergence of a new superpower that increasingly poses a threat to the U.S. This paper examines the economic growth prospects of China over the next two decades. Extrapolating past...

Persistent link: https://www.econbiz.de/10005556063

Inequality, Growth, and Overtaking

Sugimoto, Yoshiaki - EconWPA - 2005

This research develops a theory about the role of within-country income inequality leading to overtaking in economic … performance among countries. The theory captures two opposing effects of inequality on factor accumulation and suggests that the …

Persistent link: https://www.econbiz.de/10005556070

The Demographic Transition and the Emergence of Sustained Economic Growth

Galor, Oded - EconWPA - 2004

The demographic transition that swept the world in the course of the last century has been identified as one of the prime forces in the transition from stagnation to growth. The unprecedented increase in population growth during the early stages of industrialization was ultimately reversed and...

Persistent link: https://www.econbiz.de/10005556697

From Physical to Human Capital Accumulation: Inequality and the Process of Development

Galor, Oded; Moav, Omer - EconWPA - 2004

This paper develops a growth theory that captures the replacement of physical capital accumulation by human capital …

Persistent link: https://www.econbiz.de/10005125649

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