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The Global Spatial Distribution of Economic Activity : Nature, History, and the Role of Trade

Henderson, J. Vernon - 2016

We study the distribution of economic activity, as proxied by lights at night, across 250,000 grid cells of average area 560 square kilometers. We first document that nearly half of the variation can be explained by a parsimonious set of physical geography attributes. A full set of country...

Persistent link: https://www.econbiz.de/10012456530

Economic Transformation, Population Growth and the Long-Run World Income Distribution

Chamon, Marcos - 2006

We construct and calibrate a model of the world economy in which countries' opportunities to develop depend on their … world. As developing countries become advanced, they further improve the trade prospects for the remaining developing … relative to the transition rate, the world economy converges to widespread prosperity if and only if the proportion of the …

Persistent link: https://www.econbiz.de/10012466631

Emerging Equity Markets and Economic Development

Bekaert, Geert - 2000

We provide an analysis of real economic growth prospects in emerging markets after financial liberalizations. In contrast with previous research, we identify the financial liberalization dates and examine the influence of liberalizations while controlling for a number of other macroeconomic and...

Persistent link: https://www.econbiz.de/10012470987

Investment and Growth in Rich and Poor Countries

Cheung, Yin-Wong - 2012

This paper revisits the association between investment and growth. The empirical findings highlight substantial heterogeneity for the effect of investment on growth and suggest a possible negative association. Results based on a battery of cross-sectional and time-series regressions show that...

Persistent link: https://www.econbiz.de/10012460870

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

Oil Prices, Exhaustible Resources, and Economic Growth

Hamilton, James D. - 2012

This paper explores details behind the phenomenal increase in global crude oil production over the last century and a half and the implications if that trend should be reversed. I document that a key feature of the growth in production has been exploitation of new geographic areas rather than...

Persistent link: https://www.econbiz.de/10012460900

Three Epochs of Oil

Dvir, Eyal - 2009

, the real price of oil has tended to be highly persistent and volatile whenever rapid industrialization in a major world …

Persistent link: https://www.econbiz.de/10012463721

Historical Oil Shocks

Hamilton, James D. - 2011

post-World-War-II oil shocks reviewed include the Suez Crisis of 1956-57, the OPEC oil embargo of 1973-1974, the Iranian …

Persistent link: https://www.econbiz.de/10012461867

Understanding Crude Oil Prices

Hamilton, James D. - 2008

This paper examines the factors responsible for changes in crude oil prices. The paper reviews the statistical behavior of oil prices, relates these to the predictions of theory, and looks in detail at key features of petroleum demand and supply. Topics discussed include the role of commodity...

Persistent link: https://www.econbiz.de/10012464155

Lags, Costs, and Shocks : An Equilibrium Model of the Oil Industry

Bornstein, Gideon - 2017

the world economy. We analyze the impact of the advent of fracking on the volatility of oil prices. Our model predicts a …

Persistent link: https://www.econbiz.de/10012455258