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From Riches to Rags, and Back? Institutional Change, Financial Development and Economic Growth in Argentina since the 1890s
Campos, Nauro F; Karanasos, Menelaos G.; Tan, Bin - Institute for the Study of Labor (IZA) - 2014
individual effects on economic growth and volatility using the power-ARCH framework with annual data since the 1890s. The results …
Persistent link: https://www.econbiz.de/10011095511
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Volatility and Growth: Governments are Key
Jetter, Michael - Institute for the Study of Labor (IZA) - 2013
paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a … volatility is then ambiguous. The paper reveals the underlying endogeneity of government size in a balanced panel of 95 countries … increase of volatility lowers growth by up to 0.57 percentage points in a democracy, but raises growth by 1.74 percentage …
Persistent link: https://www.econbiz.de/10010959641
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Growth, Volatility and Political Instability: Non-Linear Time-Series Evidence for Argentina, 1896-2000
Campos, Nauro F.; Karanasos, Menelaos - Institute for the Study of Labor (IZA) - 2007
What is the relationship between economic growth and its volatility? Does political instability affect growth directly … or indirectly, through volatility? This paper tries to answer such questions using a power-ARCH framework with annual … legislative changes) has an indirect (through volatility) negative impact. We also find preliminary support for the idea that …
Persistent link: https://www.econbiz.de/10005761766
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Two to Tangle: Financial Development, Political Instability and Economic Growth in Argentina (1896–2000)
Campos, Nauro F.; Karanasos, Menelaos G.; Tan, Bin - Institute for the Study of Labor (IZA) - 2008
.g., cabinet changes) has an indirect (through volatility) impact on growth; (iii) the effect of financial development is positive … and, surprisingly, not via volatility; (iv) the informal instability effects are much larger in the short- than in the …
Persistent link: https://www.econbiz.de/10005703824
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Happiness and Growth the World Over: Time Series Evidence on the Happiness-Income Paradox
Easterlin, Richard A.; Angelescu, Laura - Institute for the Study of Labor (IZA) - 2009
There is no significant relationship between the improvement in happiness and the long term rate of growth of GDP per capita. This is true for three groups of countries analyzed separately − 17 developed, 9 developing, and 11 transition − and also for the 37 countries taken together. Time...
Persistent link: https://www.econbiz.de/10005822021
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Happiness and Economic Growth: Does the Cross Section Predict Time Trends? Evidence from Developing Countries
Easterlin, Richard A.; Sawangfa, Onnicha - Institute for the Study of Labor (IZA) - 2009
Based on point-of-time comparisons of happiness in richer and poorer countries, it is commonly asserted that economic growth will have a significant positive impact on happiness in poorer countries, if not richer. The time trends of subjective well-being (SWB) in 13 developing countries,...
Persistent link: https://www.econbiz.de/10005822865
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Aid, Growth, and Jobs
Fields, Gary S. - Institute for the Study of Labor (IZA) - 2013
Various development objectives are worthy, but to my mind, one objective dominates all others: reducing the scourge of absolute economic misery in the world. In this paper, I focus on an important but relatively underemphasized approach to poverty reduction: helping the poor earn more in the...
Persistent link: https://www.econbiz.de/10010778775
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Flexibility at the Margin and Labor Market Volatility in OECD Countries
Sala, Hector; Silva, José I.; Toledo, Manuel E. - Institute for the Study of Labor (IZA) - 2008
achieve similar volatility than fully deregulated labor markets. Flexibility at the margin produces a gap in separation costs … de labor market volatility. This increased volatility is partially reverted when limitations in the duration and number … explain the similar volatility observed in many regulated OECD labor markets with flexibility at the margin vis-à-vis the …
Persistent link: https://www.econbiz.de/10005822303
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Financial Markets, Banks' Cost of Funding, and Firms' Decisions: Lessons from Two Crises
Balduzzi, Pierluigi; Brancati, Emanuele; Schiantarelli, … - Institute for the Study of Labor (IZA) - 2013
We test whether financial fluctuations affect firms' decisions, through their impact on banks' cost of funding. We exploit two shocks to Italian bank CDS spreads and equity valuations: the 2007-2009 financial crisis and the 2010-2012 sovereign debt crisis. Using newly available data linking over...
Persistent link: https://www.econbiz.de/10010734428
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The Economic Security Index: A New Measure for Research and Policy Analysis
Hacker, Jacob S.; Huber, Gregory Alain; Nichols, Austin; … - Institute for the Study of Labor (IZA) - 2012
combining data from multiple surveys, we create an integrated measure of volatility in available household resources, accounting …
Persistent link: https://www.econbiz.de/10011096062