Showing 1 - 10 of 17
In an 80-country panel since the 1960s, the convergence rate for per capita GDP is around 1.7% per year. This "beta … "iron-law" rate of 2%. In the post-1960s panel, estimation without country fixed effects supports the modernization … long-term panel with country fixed effects also supports modernization, in the sense of positive effects of per capita GDP …
Persistent link: https://www.econbiz.de/10012460366
This paper develops a new instrumental-variable (IV) approach to estimate the effects of different exchange rate regimes on bilateral outcomes. The basic idea is that the characteristics of the exchange rate regime between two countries (exchange rate variability, fixed or float, autonomous or...
Persistent link: https://www.econbiz.de/10012469268
Evidence from a broad panel of countries shows little overall relation between income inequality and rates of growth …
Persistent link: https://www.econbiz.de/10012471762
For U.S. annual data that include WWII, the estimated multiplier for temporary defense spending is 0.4-0.5 contemporaneously and 0.6-0.7 over two years. If the change in defense spending is "permanent" (gauged by Ramey's defense-news variable), the multipliers are higher by 0.1-0.2. The...
Persistent link: https://www.econbiz.de/10012463281
this gap, we use international survey data on religiosity for a broad panel of countries to investigate the effects of …
Persistent link: https://www.econbiz.de/10012469016
IMF lending practices respond to economic conditions but are also sensitive to political-economy variables. Specifically, the sizes and frequencies of loans are influenced by a country's presence at the Fund, as measured by the country's share of quotas and professional staff. IMF lending is...
Persistent link: https://www.econbiz.de/10012469763
economic performance and political institutions. We study these two directions of causation in a broad cross-country panel that …
Persistent link: https://www.econbiz.de/10012469783
slightly, and the lowered stock-market prices. A panel analysis for a broad group of economies shows that a combined currency …
Persistent link: https://www.econbiz.de/10012470394
Growth accounting breaks down economic growth into components associated with changes in factor inputs and the Solow residual, which reflects technological progress and other elements. This exercise is generally viewed as a preliminary step for the analysis of fundamental determinants of growth...
Persistent link: https://www.econbiz.de/10012472156
Empirical findings for a panel of around 100 countries from 1960 to 1990 strongly support the general notion of …
Persistent link: https://www.econbiz.de/10012473140