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Markov or Not Markov, This Should Be a Question

Bickenbach, Frank; Bode, Eckhardt - Institut für Weltwirtschaft (IfW) - 2001

Although it is well known that Markov process theory, frequently applied in the literature on income convergence …

Persistent link: https://www.econbiz.de/10005755218

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

Capital mobility and growth

Diehl, Markus; Gundlach, Erich - Institut für Weltwirtschaft (IfW) - 1999

We suggest a new way to quantify the growth effects of capital mobility. We find that for reasonable parameter values, capital mobility has a large impact on income growth.

Persistent link: https://www.econbiz.de/10010955648

Assessing the Advantages of EMU-Enlargement for the EU and the Accession Countries: A Comparative Indicator Approach

Schweickert, Rainer - Institut für Weltwirtschaft (IfW) - 2001

The paper takes into account both the concerns of the EU, arguing that convergence is incomplete, and the demands from … accession countries, claiming that monetary integration is optimal. Indicators are developed which measure convergence and … benefits from monetary integration. The more serious problem is a lack of convergence which could imply serious risks during …

Persistent link: https://www.econbiz.de/10005076110

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

The importance (impact) of knowledge at the macro-micro levels in Sudan

Nour, Samia - United Nations University, Maastricht Economic and … - 2011

In this paper we provide a new contribution and fill the gap in the Sudanese literature by investigating the importance (impact) of tacit and codified sources of knowledge at the micro and macro levels in Sudan using new primary data from the firm survey (2010) at the micro level and secondary...

Persistent link: https://www.econbiz.de/10009195549