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The Effect of Migration on Income Growth and Convergence: Meta-Analytic Evidence

Ozgen, Ceren; Nijkamp, Peter; Poot, Jacques - Institute for the Study of Labor (IZA) - 2009

long-run real income convergence and derive 67 comparable effect sizes. The precision-weighted estimate of beta convergence … is more consistent with endogenous self-reinforcing growth than with neoclassical convergence. Introducing a net … migration variable in a growth regression increases the estimate of beta convergence slightly. Studies that use panel models or …

Persistent link: https://www.econbiz.de/10008527330

A Pair-Wise Approach to Testing for Output and Growth Convergence

Pesaran, M. Hashem - Institute for the Study of Labor (IZA) - 2004

This paper proposes a pair-wise approach to testing for output convergence that considers all N(N-1)/2 possible pairs … of log per capita output gaps across N economies. A general probabilistic definition of output convergence is also …-2000. Overall, the results do not support output convergence, and suggest that the findings of convergence clubs in the literature …

Persistent link: https://www.econbiz.de/10005566528

The Asymmetric Experience of Positive and Negative Economic Growth: Global Evidence Using Subjective Well-Being Data

De Neve, Jan-Emmanuel; Ward, George W.; De Keulenaer, Femke - Institute for the Study of Labor (IZA) - 2015

Are individuals more sensitive to losses than gains in terms of economic growth? Using subjective well-being data, we observe an asymmetry in the way positive and negative economic growth are experienced. We find that measures of life satisfaction and affect are more than twice as sensitive to...

Persistent link: https://www.econbiz.de/10011210821

Then and Now: Reflections on Two Australian Mining Booms

Gregory, Bob - Institute for the Study of Labor (IZA) - 2011

Australia is experiencing its largest mining boom for more than a century and a half. This paper explores, from a national perspective, important economic differences that arise when a mining boom, such as the current one, is generated by export price increases (trading gains) rather than export...

Persistent link: https://www.econbiz.de/10009294837

Should Easier Access to International Credit Replace Foreign Aid?

Bandyopadhyay, Subhayu; Lahiri, Sajal; Younas, Javed - Institute for the Study of Labor (IZA) - 2011

We examine the interaction between foreign aid and binding borrowing constraint for a recipient country. We also analyze how these two instruments affect economic growth via non-linear relationships. First of all, we develop a two-country, two-period trade-theoretic model to develop testable...

Persistent link: https://www.econbiz.de/10009325434

Does Reform Work? An Econometric Examination of the Reform-Growth Puzzle

Babetskii, Ian; Campos, Nauro F. - Institute for the Study of Labor (IZA) - 2007

Why are socially beneficial reforms not implemented? One simple answer to this question (which has received little attention in the literature) is that this may be caused by generalized uncertainty about the effectiveness of reforms. If agents are unsure about whether a proposed reform will...

Persistent link: https://www.econbiz.de/10005822073

Are We There Yet? Time for Checks and Balances on New Institutionalism

Iyigun, Murat - Institute for the Study of Labor (IZA) - 2012

New institutionalism has had considerable success during the last decade in shepherding the debate on sustained economic development. If the sociopolitical, legal and economic transformations in the Anglo-Saxon world in the last three decades prove anything, however, it is that the late Mancur...

Persistent link: https://www.econbiz.de/10010584367

The Role of Sectoral Growth Patterns in Labor Market Development

Arias-Vazquez, Francisco Javier; Lee, Jean Nahrae; … - Institute for the Study of Labor (IZA) - 2012

This paper investigates the relationship between sectoral growth patterns and employment outcomes. A broad cross-country analysis reveals that in middle-income countries, employment responds more to growth in less productive and more labor-intensive sectors. Employment in middle-income countries...

Persistent link: https://www.econbiz.de/10010585691

Subjective Well-Being, Income, Economic Development and Growth

Sacks, Daniel W.; Stevenson, Betsey; Wolfers, Justin - Institute for the Study of Labor (IZA) - 2010

We explore the relationships between subjective well-being and income, as seen across individuals within a given country, between countries in a given year, and as a country grows through time. We show that richer individuals in a given country are more satisfied with their lives than are poorer...

Persistent link: https://www.econbiz.de/10008682244

Unemployment, Growth and Fiscal Policy: New Insights on the Hysteresis Hypothesis

Raurich, Xavier; Sala, Hector; Sorolla, Valeri - Institute for the Study of Labor (IZA) - 2004

We develop a growth model with unemployment due to imperfections in the labor market. In this model, wage inertia and balanced budget rules cause a complementarity between capital and employment capable of explaining the existence of multiple equilibrium paths. Hysteresis is viewed as the result...

Persistent link: https://www.econbiz.de/10005822131