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Buera, Francisco J. - 2008

substantial reversal to state intervention if nowadays the world was hit by a shock of the size of the Great Depression …

Persistent link: https://www.econbiz.de/10012464054

Does Openness to International Financial Flows Raise Productivity Growth?

Kose, M. Ayhan - 2008

Economic theory has identified a number of channels through which openness to international financial flows could raise productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output growth, far less attention has been paid to its...

Persistent link: https://www.econbiz.de/10012464090

Understanding PPPs and PPP-based national accounts

Deaton, Angus - 2008

, and economic historians. Frequently used global data come from the Penn World Table (PWT) and the World Bank's World … Development Indicators; a substantial fraction of the world is also covered in the PPP accounts produced by the OECD and the …; version 7.0 of the Penn World Table will soon incorporate these results. The 2005 ICP, like earlier rounds, involved …

Persistent link: https://www.econbiz.de/10012464148

Capital Flow Bonanzas : An Encompassing View of the Past and Present

Reinhart, Carmen M. - 2008

earlier studies, global factors, such as commodity prices, international interest rates, and growth in the world's largest …

Persistent link: https://www.econbiz.de/10012464327

Economic Growth and Subjective Well-Being : Reassessing the Easterlin Paradox

Stevenson, Betsey - 2008

The "Easterlin paradox" suggests that there is no link between a society's economic development and its average level of happiness. We re-assess this paradox analyzing multiple rich datasets spanning many decades. Using recent data on a broader array of countries, we establish a clear positive...

Persistent link: https://www.econbiz.de/10012464364

Global Trade and the Maritime Transport Revolution

Jacks, David S. - 2008

What is the role of transport improvements in globalization? We argue that the nineteenth century is the ideal testing ground for this question: freight rates fell on average by 50% while global trade increased 400% from 1870 to 1913. We estimate the first indices of bilateral freight rates for...

Persistent link: https://www.econbiz.de/10012464507

Climate Change and Economic Growth : Evidence from the Last Half Century

Dell, Melissa - 2008

climatic changes on economic activity throughout the world. We find three primary results. First, higher temperatures …

Persistent link: https://www.econbiz.de/10012464514

The Colonial Origins of Comparative Development : An Investigation of the Settler Mortality Data

Albouy, David Y. - 2008

In a seminal contribution, Acemoglu, Johnson, and Robinson (2001) argue property-rights institutions powerfully affect national income, using estimated mortality rates of early European settlers to instrument capital expropriation risk. However 36 of the 64 countries in their sample are assigned...

Persistent link: https://www.econbiz.de/10012464515

Big Business Stability and Social Welfare

Fogel, Kathy - 2008

Many countries appear to have excessively stable big business sectors, in that higher rates of big business turnover have been correlated with faster economy growth. Public policies that stabilize big business sectors are sometimes justified as supportive of social objectives. We find no...

Persistent link: https://www.econbiz.de/10012464620

The Real Exchange Rate, Mercantilism and the Learning by Doing Externality

Aizenman, Joshua - 2008

This paper examines the degree to which the learning by doing externality [LBD] calls for an undervalued exchange rate, a policy suggested by recent empirical studies which concluded that mildly undervalued real exchange rate may enhance growth. We obtain mixed results. For an economy where LBD...

Persistent link: https://www.econbiz.de/10012464794