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Abreu, Maria; Groot, Henri L.F. de; Florax, Raymond J.G.M. - Tinbergen Institute - 2004

This paper reviews the empirical literature on growth and convergence that has addressed the importance of spatial …

Persistent link: https://www.econbiz.de/10005144476

A Meta-Analysis of Beta-Convergence: The Legendary Two-Percent

Abreu, Maria; Groot, Henri L.F. de; Florax, Raymond J.G.M. - Tinbergen Institute - 2005

The topic of convergence is at the heart of a wide-ranging debate in the growth literature. Empirical studies of … convergence differ widely in their theoretical backgrounds, empirical specifications and in their treatment of cross …-sectional heterogeneity. Despite these differences, a rate of convergence of about 2% has been found under a variety of different conditions …

Persistent link: https://www.econbiz.de/10005144527

Public Capital and Income Distribution: a Marriage of Hicks & Newman-Read

Getachew, Yoseph - United Nations University, Maastricht Economic and … - 2008

This paper examines how publicly provided inputs could affect income distribution. By applying the Newman-Read production function- a generalized Cobb-Douglas production function- to Hicks's idea of the determinant of factor share, such usually complex dynamics remain analytically tractable. The...

Persistent link: https://www.econbiz.de/10005451560

Government Ideology in Donor and Recipient Countries: Does Political Proximity Matter for the Effectiveness of Aid?

Dreher, Axel; Minasyan, Anna; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2013

Political proximity between donor and recipient governments may impair the effectiveness of aid by encouraging favoritism. By contrast, political misalignment between donor and recipient governments may render aid less effective by adding to transaction costs and giving rise to incentive...

Persistent link: https://www.econbiz.de/10010886870

The finance-growth nexus revisited: From origins to a modern theoretical landscape

Stolbov, Mikhail - Institut für Weltwirtschaft (IfW) - 2012

The paper is a survey of theoretical and empirical approaches applied to analyze the impact of financial system on economic growth. The key issues of the modern theories of the finance-growth nexus are discussed and the theories are classified on the basis of the methodology they rely on. The...

Persistent link: https://www.econbiz.de/10010956028

Equity market liberalization, credit constraints and income inequality

Sun, Puyang; Sen, Somnath; Jin, Shujing - Institut für Weltwirtschaft (IfW) - 2012

This paper provides compelling evidence that equity market liberalization, the most efficient way to smooth financial market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality through increasing the accumulation of human capital. We examine the impact...

Persistent link: https://www.econbiz.de/10010956105

Malthus' Revenge

Soete, Luc - United Nations University, Maastricht Economic and … - 2009

In this paper, we take inspiration from Thomas Malthus' hypothesis that food shortage and hunger would remain "nature's last most dreadful resource" and that "the power of population is so superior to the power of the earth to produce subsistence for man, that premature death must in some shape...

Persistent link: https://www.econbiz.de/10008629996

Types of Entrepreneurship and Economic Growth

Stam, Erik; Stel, Andre van - United Nations University, Maastricht Economic and … - 2009

In this paper, we empirically investigate the effect of entrepreneurship on economic growth at the country level. We use data from the Global Entrepreneurship Monitor, which provides comparative data on entrepreneurship from a wide range of countries. An important element of this paper is that...

Persistent link: https://www.econbiz.de/10008629999

Economic Growth and the Volatility of Foreign Aid

Chervin, Michal; Wijnbergen, Sweder van - Tinbergen Institute - 2010

Foreign aid’s effectiveness in promoting economic growth remains mired in controversy.We examine the impact of the volatility of aid on economic growth, controlling for the level of aid. A four-year panel analysis is conducted encompassing 155 countries over the period 1966-2001. We find that...

Persistent link: https://www.econbiz.de/10008513230

Growth Effects of Fiscal Policies - A Comparative Analysis in a Multi-Country Context

Brons, Martijn; Groot, Henri L.F.M. de; Nijkamp, Peter - Tinbergen Institute - 1999

The potential interactions among fiscal policies, investments and economic growth are complex and manifold. In this paper, we will perform a systematic comparative analysis of the various economic insights that are currently available on these complex relationships, both theoretically (by a...

Persistent link: https://www.econbiz.de/10005136911