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Tovar, Camilo Ernesto - Institut für Weltwirtschaft (IfW) - 2008

Over the past 15 years there has been remarkable progress in the specification and estimation of dynamic stochastic general equilibrium (DSGE) models. Central banks in developed and emerging market economies have become increasingly interested in their usefulness for policy analysis and...

Persistent link: https://www.econbiz.de/10005083409

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

Economic Reforms, Foreign Direct Investment and its Economic Effects in India

Chakraborty, Chandana; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2006

Foreign direct investment (FDI) has boomed in post-reform India. Moreover, the composition and type of FDI has changed … considerably since India has opened up to world markets. This has fuelled high expectations that FDI may serve as a catalyst to … higher economic growth. We assess the growth implications of FDI in India by subjecting industry-specific FDI and output data …

Persistent link: https://www.econbiz.de/10005755128

Macroeconomic Interval Forecasting: The Case of Assessing the Risk of Deflation in Germany

Borbély, Dora; Meier, Carsten-Patrick - Institut für Weltwirtschaft (IfW) - 2003

This paper proposes an approach for estimating the uncertainty associated with model-based macroeconomic forecasts. We argue that estimated forecast intervals should account for the uncertainty arising from selecting the specification of an empirical forecasting model from the sample data. To...

Persistent link: https://www.econbiz.de/10005700569

Sustainable Intensification of Pineapple Farming in Ghana: Training and Complexity

Wüpper, David; Sauer, Johannes; Kleemann, Linda - Institut für Weltwirtschaft (IfW) - 2014

Sustainable intensification of Ghana’s smallholder farming is critical to mitigate rural poverty. Innovations for sustainable intensification include agro-ecological practices, which build up soil fertility, and mulching, which conserves soil moisture. To stimulate the adoption of these...

Persistent link: https://www.econbiz.de/10010960600

Systematic Errors in Growth Expectations over the Business Cycle

Dovern, Jonas; Jannsen, Nils - Institut für Weltwirtschaft (IfW) - 2015

Using real-time data, we analyze how the systematic expectation errors of professional forecasters in 19 advanced economies depend on the state of the business cycle. Our results indicate that the general result that forecasters systematically overestimate output growth (across all countries)...

Persistent link: https://www.econbiz.de/10011208173

Untangling the Quality of Governance from the Level of Income: Are Sub-Saharan African Countries Governed Well?

Gundlach, Erich; Hartmann, Susanne - Institut für Weltwirtschaft (IfW) - 2005

We consider whether Sub-Saharan African (SSA) countries are mainly poor because they are governed worse than other countries, as suggested by recent studies on the supremacy of institutions. Our empirical results show that the supremacy of institutions does not hold. SSA countries appear to face...

Persistent link: https://www.econbiz.de/10010886842

How agglomeration in the financial services industry influences economic growth: Evidence from Chinese cities

Liang, Lin; Lin, Shanglang; Li, Yong - Institut für Weltwirtschaft (IfW) - 2014

This paper empirically tests the effect of financial knowledge spillovers on agglomeration in China's financial services industry and examines the external effects on cities' economies. The authors apply hierarchical linear modeling to examine a data set that comprises 276 Chinese cities and...

Persistent link: https://www.econbiz.de/10010956148

Decompositions of Wage Inequality and Growth in an Advanced Economy open to Trade

Edwards, T. Huw; Lücke, Matthias - Institut für Weltwirtschaft (IfW) - 2011

We explore the uses of double-calibrated general equilibrium models as a decomposition tool for analysing contributory factors in the growth and increasing wage inequality in an advanced economy (the UK) since 1979. Calibration of a model to start and end years, based upon an assumed functional...

Persistent link: https://www.econbiz.de/10009395928

A note on economic growth and human capital in Eastern Europe

Foders, Federico - Institut für Weltwirtschaft (IfW) - 1998

This paper addresses the poor economic performance of Eastern Europe in the 1990s and the future development potential of the region in the light of the theories of economic growth and human capital and their empirical tests. It concludes that Eastern Europe is likely to have fallen into a...

Persistent link: https://www.econbiz.de/10009276484

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