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1
Global Business Cycles : Convergence or Decoupling?
Kose, M. Ayhan
-
2008
This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups -- industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose...
Persistent link: https://www.econbiz.de/10012464278
Saved in:
2
The Global Dollar Cycle
Obstfeld, Maurice
;
Zhou, Haonan
-
National Bureau of Economic Research
-
2023
cyclical pattern. Over that cycle,
world
asset prices, leverage, and capital flows move in concert with global growth …
Persistent link: https://www.econbiz.de/10014247924
Saved in:
3
Aging, Output Per Capita and Secular Stagnation
Eggertsson, Gauti B.
-
2018
This paper re-examines the relationship between population aging and economic growth. We confirm previous research such as Cutler, Poterba, Sheiner, and Summers (1990) and Acemoglu and Restrepo (2017) that show positive correlation between measures of population aging and per-capita output...
Persistent link: https://www.econbiz.de/10012480557
Saved in:
4
Subjective Well-Being, Income, Economic Development and Growth
Sacks, Daniel W.
-
2010
most countries around the
world
. Turning to the relationship between countries, we show that average life satisfaction is …
Persistent link: https://www.econbiz.de/10012462215
Saved in:
5
Culture, Institutions and the Wealth of Nations
Gorodnichenko, Yuriy
-
2010
We construct an endogenous growth model that includes a cultural variable along the dimension of individualism-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with innovation in an individualist culture. This cultural...
Persistent link: https://www.econbiz.de/10012462288
Saved in:
6
Growth Accounting
Hulten, Charles R.
-
2009
across time and across the
world
. Growth accounting is the principal quantitative tool for understanding this phenomenon, and …
Persistent link: https://www.econbiz.de/10012463309
Saved in:
7
Measuring Economic Growth from Outer Space
Henderson, J. Vernon
-
2009
GDP growth is often measured poorly for countries and rarely measured at all for cities or subnational regions. We propose a readily available proxy: satellite data on lights at night. We develop a statistical framework that uses lights growth to augment existing income growth measures, under...
Persistent link: https://www.econbiz.de/10012463450
Saved in:
8
The Two Waves of Service Sector Growth
Eichengreen, Barry
-
2009
The positive association between the service sector share of output and per capita income is one of the best-known regularities in all of growth and development economics. Yet there is less than complete agreement on the nature of that association. Here we identify two waves of service sector...
Persistent link: https://www.econbiz.de/10012463681
Saved in:
9
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
Saved in:
10
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
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