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Global Business Cycles: Convergence or Decoupling?

Kose, M. Ayhan; Otrok, Christopher; Prasad, Eswar - Institute for the Study of Labor (IZA) - 2008

globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies … importance of the global factor. In other words, there is evidence of business cycle convergence within each of these two groups …

Persistent link: https://www.econbiz.de/10005566406

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

An Empirical Survey of the Ramifications of a Green Economy

Heshmati, Almas - Institute for the Study of Labor (IZA) - 2014

The unprecedented deterioration of our global environment has increased the necessity of relying upon Green Economic policies as critical and effective environmental management tools. The current situation has stimulated extensive research and debate among global interest groups. This has...

Persistent link: https://www.econbiz.de/10010884114

Exploring the Causality Links between Energy and Employment in African Countries

Arouri, Mohamed El Hedi; Ben Youssef, Adel; M'henni, Hatem - Institute for the Study of Labor (IZA) - 2014

Using a bootstrap panel analysis that allows for cross-country dependence, without requiring the use of pre-tests for a unit root, we study the causality links between energy use and employment for a sample of 16 African countries over the 1991-2010 period (according to availability of...

Persistent link: https://www.econbiz.de/10010795363

Survey of Models on Demand, Customer Base-Line and Demand Response and Their Relationships in the Power Market

Heshmati, Almas - Institute for the Study of Labor (IZA) - 2012

The increasing use of demand-side management as a tool to reliably meet electricity demand at peak time has stimulated interest among researchers, consumers and producer organizations, managers, regulators and policymakers, This research reviews the growing literature on models used to study...

Persistent link: https://www.econbiz.de/10010764617

Energy Consumption, Economic Growth and CO2 Emissions in Middle East and North African Countries

Arouri, Mohamed El Hedi; Ben Youssef, Adel; M'henni, Hatem - Institute for the Study of Labor (IZA) - 2012

This article extends the recent findings of Liu (2005), Ang (2007), Apergis et al. (2009) and Payne (2010) by implementing recent bootstrap panel unit root tests and cointegration techniques to investigate the relationship between carbon dioxide emissions, energy consumption, and real GDP for 12...

Persistent link: https://www.econbiz.de/10011279316

Poverty, Inequality, and Growth in Urban China, 1986-2000

Meng, Xin; Gregory, Robert; Wang, Youjuan - Institute for the Study of Labor (IZA) - 2005

Although urban China has experienced spectacular income growth over the last two decades, increases in inequality, reduction in social welfare provision, deregulation of grain prices, and increases in income uncertainty in the 1990s have increased urban poverty. Using a large repeated...

Persistent link: https://www.econbiz.de/10005822037

Can Democracy Educate a Society?

Gersbach, Hans; Siemers, Lars - Institute for the Study of Labor (IZA) - 2005

We examine whether democratic societies can escape poverty traps. Unrestricted agenda setting with simple majority rules fail to educate a society, because education-enhancing redistribution will not occur. We show that a combination of suitable constitutional rules overcomes this impossibility...

Persistent link: https://www.econbiz.de/10005822156

Risky Human Capital Investment, Income Distribution, and Macroeconomic Dynamics

Grossmann, Volker - Institute for the Study of Labor (IZA) - 2003

This paper analyzes the interaction between intergenerational wealth transmission, human capital investments under uninsurable labor income risk, and economic growth in a small open overlapping-generations economy with heterogeneous agents. It demonstrates how the role of the personal income...

Persistent link: https://www.econbiz.de/10005822202

Product Market Regulation and Macroeconomic Performance: A Review of Cross Country Evidence

Schiantarelli, Fabio - Institute for the Study of Labor (IZA) - 2005

The main purpose of this paper is to provide a critical overview of the recent empirical contributions that use cross country data to study the effect of product market regulation and reform on a country’s macroeconomic performance. After a brief review of the theoretical literature and of...

Persistent link: https://www.econbiz.de/10005822371

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