Showing 1 - 10 of 3,627
This paper clarifies one of the puzzling results of the economic growth literature: the impact of military expenditure … threats, corruption, and other relevant controls. While growth falls with higher levels of military spending, given the values … of the other independent variables, we show that military expenditure in the presence of threats increases growth. We …
Persistent link: https://www.econbiz.de/10012469080
growth to the 1990s, discussing recent criticisms of their measurement and estimation framework. Our results suggest that the …. Third, and most importantly, we present new evidence on the time paths of economic growth, physical capital investment and … liberalization has, on average, robust positive effects on growth, openness and investment rates within countries. We illustrate …
Persistent link: https://www.econbiz.de/10012468542
This paper looks at the patterns of causation between income, export, import, and investment growth for 25 developing … tables which allows us to assess whether our models are capable of accurately predicting turning points in GDP growth. We … find that countries with high trade exposure fare poorly in this dimension and posit that the GDP growth in such countries …
Persistent link: https://www.econbiz.de/10012471951
militarism according to these measures have had lower growth in trade. Focusing on bilateral trade flows, we also show that … controlling flexibly for country trends, a pair of countries jointly experiencing greater increases in militarism has lower growth …
Persistent link: https://www.econbiz.de/10012462958
GDP, mainly investment, but also non-defense government purchases and net exports. Consumer expenditure on non …
Persistent link: https://www.econbiz.de/10012463281
We analyze the effects of ownership of liberty bonds, which were marketed to households during World War I, on election outcomes in the 1920s. In order to address the endogeneity of liberty bond subscriptions, we utilize the local severity of the fall 1918 influenza epidemic, which disrupted the...
Persistent link: https://www.econbiz.de/10012453001
and investment. However, for growth, higher inequality tends to retard growth in poor countries and encourage growth in …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
past several decades. It suggests that the decline in interest rates is largely explicable from trends in saving, growth …
Persistent link: https://www.econbiz.de/10013210052
features of the world at present are the low rates of investment and growth in some of the richest countries, whose surpluses … account for about half of the US deficit. The result is that financial capital is flowing out of countries with low investment … and growth and into the US and other fast-growing countries. Oil exporters account for much of the rest …
Persistent link: https://www.econbiz.de/10012463124
growth. Investment growth has dominated GDP growth in China during this decade but is also important in the cases of India … and Vietnam. <br> <br>To examine the global implications of domestic growth patterns in Asia, I analyze saving-investment …Rebalancing growth patterns of Asian economies is an important component of the overall rebalancing effort that will be …
Persistent link: https://www.econbiz.de/10012463480