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A New Global Index of Infrastructure: Construction, Rankings and Applications

Donaubauer, Julian; Meyer, Birgit; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2014

We construct comprehensive and comparable indices on the most relevant components of economic infrastructure. An unobserved components model is employed to cover the largest possible number of developing and developed countries over the period 1990-2010. We map major findings from the new...

Persistent link: https://www.econbiz.de/10010886848

The paradox of monetary profits: an obstacle to understanding financial and economic Crisis?

Bruun, Charlotte; Heyn-Johnsen, Carsten - Institut für Weltwirtschaft (IfW) - 2009

financial spheres. The monetary profit inducing capitalist production, emanates from the sphere of finance. In a world of …

Persistent link: https://www.econbiz.de/10008479049

Poolability and the finance-growth nexus: a cautionary note

Schiavo, Stefano; Vaona, Andrea - Institut für Weltwirtschaft (IfW) - 2006

The present contribution tests whether countries can be pooled when studying the financegrowth nexus. Overall, our results point toward a ‘pragmatic’ positive answer, though considerable heterogeneity is present among developing countries.

Persistent link: https://www.econbiz.de/10005755203

Regional Evidence on the Finance - Growth Nexus

Vaona, Andrea - Institut für Weltwirtschaft (IfW) - 2006

The Finance-Growth Nexus is a classical source of debate among economists. This contribution offers regional evidence … countries. The results for this application support the view that finance leads growth, reject its possible endogeneity and …

Persistent link: https://www.econbiz.de/10005818797

Foreign direct investment, access to finance, and innovation activity in Chinese enterprises

Girma, Sourafel; Gong, Yundan; Görg, Holger - Institut für Weltwirtschaft (IfW) - 2008

recent firm level database. We pay particular attention to the impact of domestic access to finance. Our results show that … engage in own R&D or if they have good access to domestic finance. However, access to finance only plays a role for private … little significance for SOEs and is also independent of their access to finance. By contrast, it is an important channel …

Persistent link: https://www.econbiz.de/10005818806

The Effect of Foreign Aid on Income Inequality: Evidence from Panel Cointegration

Herzer, Dierk; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2012

This paper examines the long-run effect of foreign aid on income inequality for 21 recipient countries using panel cointegration techniques to control for omitted variable and endogeneity bias. We find that aid exerts an inequality increasing effect on income distribution

Persistent link: https://www.econbiz.de/10010886909

Estimating the impact of climate change on agricultural production: accounting for technology heterogeneity across countries

Exenberger, Andreas; Pondorfer, Andreas; Wolters, Maik - Institut für Weltwirtschaft (IfW) - 2014

We estimate the impact of climate change on agricultural production in a panel of 127 countries from 1961 to 2002. In contrast to the existing literature we account for cross-sectional dependence and technology heterogeneity. We find no significant impact of climate change on agricultural...

Persistent link: https://www.econbiz.de/10010886939

Determinants of the weight for leisure in preferences

Elgin, Ceyhun; Yucel, Emekcan - Institut für Weltwirtschaft (IfW) - 2013

In this paper, the authors investigate the determinants of weight for leisure in preferences. First, using a dynamic general equilibrium model, they back out the weight for leisure for an unbalanced panel of 52 countries over the period from 1950 to 2009. Then, the authors perform several panel...

Persistent link: https://www.econbiz.de/10010956054

Islands in trade: Disentangling distance from border effects

Groizard, José Luis; Marques, Helena; Gallego Santana, … - Institut für Weltwirtschaft (IfW) - 2014

There is a well-established literature on border effects covering trade between regions separated by a land border; however that literature has not so far considered the case of regions separated by a sea border. Whilst the former is typically studied as a political border that affects adjacent...

Persistent link: https://www.econbiz.de/10010956055

A microeconometric analysis of the springboard subsidiary: The case of Spanish firms

Caicedo Marulanda, Carolina; Rodríguez, Mora; James, Jhon - Institut für Weltwirtschaft (IfW) - 2015

This article provides a microeconometric analysis of the distinctive characteristics of springboard subsidiaries that have a positive impact on the subsidiaries' performance. Based on panel data estimations for subsidiaries of European multinational companies with a presence in Spain, the...

Persistent link: https://www.econbiz.de/10011263000