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Endogenous Business Cycles and the Economic Response to Exogenous Shocks
Hallegatte, Stéphane; Ghil, Michael - Fondazione ENI Enrico Mattei (FEEM) - 2007
In this paper, we investigate the macroeconomic response to exogenous shocks, namely natural disasters and stochastic productivity shocks. To do so, we make use of an endogenous business cycle model in which cyclical behavior arises from the investment–profit instability; the amplitude of this...
Persistent link: https://www.econbiz.de/10004990067
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Privatisation Methods and Economic Growth in Transition Economies
Bennett, John; Estrin, Saul; Maw, James; Urga, Giovanni - Fondazione ENI Enrico Mattei (FEEM) - 2004
We investigate the impact of differences in privatisation method on national economic performance in transition economies. Our approach is to estimate, using dynamic panel data methods, a growth equation over 23 countries for the period 1990-2001. Among our results, we find that mass...
Persistent link: https://www.econbiz.de/10005385471
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International Tourism and Economic Growth: a Panel Data Approach
Sequeira, Tiago Neves; Campos, Carla - Fondazione ENI Enrico Mattei (FEEM) - 2005
On average, tourism-specialized countries grow more than others. This fact is inconsistent with economic theory as, in particular, endogenous growth theory suggests that economic growth is linked with: (1) sectors with high intensity in R&D and thus high productivity; (2) large scale. In this...
Persistent link: https://www.econbiz.de/10005392554
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Tourism and Economic Growth in Latin American Countries: A Panel Data Approach
Eugenio-Martín, Juan Luis; Morales, Noelia Martín; … - Fondazione ENI Enrico Mattei (FEEM) - 2004
We consider the relationship between tourism and economic growth for Latin American countries since 1985 until 1998. The analysis proposed is based on a panel data approach and the Arellano-Bond estimator for dynamic panels. We obtain estimates of the relationship between economic growth and...
Persistent link: https://www.econbiz.de/10005570246
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Technology Transfer Through Trade
Hoppe, Mombert - Fondazione ENI Enrico Mattei (FEEM) - 2005
This paper examines the role that trade plays in economic development through the channel of technology transfer, approximated by total factor productivity. Three strains of factors influence the process of technology transfer; direct effort that is taken to transfer technologies, the capacity...
Persistent link: https://www.econbiz.de/10005570290
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An Exploration of the Link Between Development, Economic Growth, and Natural Risk
Hallegatte, Stéphane - Fondazione ENI Enrico Mattei (FEEM) - 2013
probability of disaster occurrence to decrease with income; (ii) the capital at risk – and thus the economic losses in case of … disaster – to increase faster than economic growth; (iii) the average annual losses to grow faster than income at low levels of … observation of a trend in disaster losses should not be confused with the presence of excessive risk taking. In a descriptive …
Persistent link: https://www.econbiz.de/10010904902
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Technology Spillovers Embodied in International Trade: Intertemporal, regional and sectoral effects in a global CGE
Cian, Enrica De; Parrado, Ramiro - Fondazione ENI Enrico Mattei (FEEM) - 2012
This paper uses a dynamic CGE model to assess the intertemporal and spatial dimension of technology spillovers embodied in international trade within a climate and trade policy framework. Three are the main contributions of the study. First, to include endogenous factor-biased technical change...
Persistent link: https://www.econbiz.de/10010552187
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Climate Change Feedback on Economic Growth: Explorations with a Dynamic General Equilibrium Model
Eboli, Fabio; Parrado, Ramiro; Roson, Roberto - Fondazione ENI Enrico Mattei (FEEM) - 2009
Human-generated greenhouse gases depend on the level of economic activity. Therefore, most climate change studies are based on models and scenarios of economic growth. Economic growth itself, however, is likely to be affected by climate change impacts. These impacts affect the economy in...
Persistent link: https://www.econbiz.de/10005008022
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Climate Change and Extreme Events: An Assessment of Economic Implications
Roson, Roberto; Calzadilla, Alvaro; Pauli, Francesco - Fondazione ENI Enrico Mattei (FEEM) - 2006
We use a general equilibrium model of the world economy, and a regional economic growth model, to assess the economic implications of vulnerability from extreme meteorological events, induced by the climate change. In particular, we first consider the impact of climate change on ENSO and NAO...
Persistent link: https://www.econbiz.de/10005423248
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Decomposition of CO2 Emissions over 1980–2003 in Turkey
LISE, Wietze - Fondazione ENI Enrico Mattei (FEEM) - 2005
There is a multi-dimensional need for studying the energy situation in Turkey and to ob-tain insight into the development of CO2 emissions. On the one hand, recent projections of the OECD show that Turkey has a yearly GDP growth potential of over 7%. On the other hand, recent projections of UNDP...
Persistent link: https://www.econbiz.de/10005230799