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Determinants of Long-Term Growth : A Bayesian Averaging of Classical Estimates (BACE) Approach

Doppelhofer, Gernot - 2000

This paper examines the robustness of explanatory variables in cross-country economic growth regressions. It employs a novel approach, Bayesian Averaging of Classical Estimates (BACE), which constructs estimates as a weighted average of OLS estimates for every possible combination of included...

Persistent link: https://www.econbiz.de/10012471000

Consumption Risk and International Asset Returns : Some Empirical Evidence

Cumby, Robert E. - 1987

The paper examines if real stock returns in four countries are consistent with consumption-based models of international asset pricing. The paper finds that ex-ante real stock returns exhibit statistically significant fluctuations over time and that these fluctuations cannot be explained by...

Persistent link: https://www.econbiz.de/10012476685

Inequality Within Countries is Falling : Underreporting-Robust Estimates of World Poverty, Inequality and the Global Distribution of Income

Pinkovskiy, Maxim; Sala-i-Martin, Xavier; … - National Bureau of Economic Research - 2024

constant correction to survey-derived inequality estimates. Underreporting of income by the bottom 50% of the world income …

Persistent link: https://www.econbiz.de/10014512057

Foreign Direct Investment, Trade and Real Exchange Rate Linkages in Developing Countries

Goldberg, Linda S. - 1997

We investigate the relationships among trade, foreign direct investment and the real exchange rate between a set of Southeast Asian and Latin American countries and both the United States and Japan. Foreign direct investment by both Japan and the United States to the Southeast Asian countries in...

Persistent link: https://www.econbiz.de/10012472472

Shining a Light on Purchasing Power Parities

Pinkovskiy, Maxim - 2018

study of PPP-adjusted estimates of GDP around the world between 1992 and 2010. First, we find that while market exchange … optimal. Using data from the Penn World Tables, we find that, indeed, it is optimal to only use the latest price data, and …

Persistent link: https://www.econbiz.de/10012453295

Parametric Estimations of the World Distribution of Income

Pinkovskiy, Maxim - 2009

World Distribution of Income and estimate poverty rates, poverty counts and various measures of income inequality and … welfare. Using the official $1/day line, we estimate that world poverty rates have fallen by 80% from 0.268 in 1970 to 0 …

Persistent link: https://www.econbiz.de/10012463216

Fixed Exchange Rates and Trade

Klein, Michael W. - 2004

exchange rate regimes in trade determination since a significant amount of world trade is conducted between countries with …

Persistent link: https://www.econbiz.de/10012467995

Social Security and Democracy

Mulligan, Casey B. - 2002

Many political economic theories use and emphasize the process of voting in their explanation of the growth of Social Security, government spending, and other public policies. But is there an empirical connection between democracy and Social Security program size or design? Using some new...

Persistent link: https://www.econbiz.de/10012469756

The World Distribution of Income (estimated from Individual Country Distributions)

Sala-i-Martin, Xavier - 2002

We estimate the world distribution of income by integrating individual income distributions for 125 countries between … hosted 11% of the world's poor in 1960. It hosted 66% of them in 1998. We estimate nine indexes of income inequality implied … by our world distribution of income. All of them show substantial reductions in global income inequality during the 1980s …

Persistent link: https://www.econbiz.de/10012469781

The Disturbing "Rise" of Global Income Inequality

Sala-i-Martin, Xavier - 2002

person in the world. We then estimate the gaussian kernel density function for the worldwide distribution of income. We … compute world poverty rates by integrating the density function below the poverty lines. The $1/day poverty rate has fallen …

Persistent link: https://www.econbiz.de/10012469810