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The Importance of Economic Policy in Development : Contrasts Between Korea and Turkey
Krueger, Anne O. - 1987
In the mid-1950's, Turkey was a much richer country than Korea. With about the same population, Turkish GNP was about …
Persistent link: https://www.econbiz.de/10012476875
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Microeconomic Aspects of Productivity Growth under Import Substitution : Turkey
Krueger, Anne O. - 1980
This paper assesses the empirical relevance of "dynamic" factors in industrialization in developing countries. Using data from a sample of 91 firms, rates of growth of output per unit of input are calculated. It is shown that there is little basis, at least with regard to Turkish experience, to...
Persistent link: https://www.econbiz.de/10012478603
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The Ups and Downs of Turkish Growth, 2002-2015 : Political Dynamics, the European Union and the Institutional Slide
Acemoglu, Daron - 2015
following Turkey's financial crisis in 2001, but then started moving in the opposite direction in the second half of 2000s. This … military's influence and the broadening of effective political participation. As Turkey-European Union relations collapsed and …-paced and lower-quality growth Turkey has been experiencing since about 2007 …
Persistent link: https://www.econbiz.de/10012457061
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A Healthy Economy Can Break Your Heart
Ruhm, Christopher J. - 2006
Panel data econometric methods are used to investigate how the risk of death from acute myocardial infarction (AMI) varies with macroeconomic conditions after controlling for demographic factors, fixed state characteristics, general time effects and state-specific time trends. The sample...
Persistent link: https://www.econbiz.de/10012466566
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Fractionalization
Alesina, Alberto - 2003
We provide new measures of ethnic, linguistic and religious fractionalization for about 190 countries. These measures are more comprehensive than those previously used in the economics literature and we compare our new variables with those previously used. We also revisit the question of the...
Persistent link: https://www.econbiz.de/10012469292
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Has the Business Cycle Changed and Why?
Stock, James H. - 2002
From 1960-1983, the standard deviation of annual growth rates in real GDP in the United States was 2.7%. From 1984-2001, the corresponding standard deviation was 1.6%. This paper investigates this large drop in the cyclical volatility OF real economic.activity. The paper has two objectives. The...
Persistent link: https://www.econbiz.de/10012469584
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Univariate vs. Multivariate Forecasts of GNP Growth and Stock Returns : Evidence and Implications for the Persistence of Shocks, Detrending Methods
Cochrane, John H. - 1990
Lagged GNP growth rates are poor forecasts of future GNP growth rates in postwar US data, leading to the impression that GNP is nearly a random walk. However, other variables, and especially the lagged consumption/GNP ratio, do forecast long-horizon GNP growth, and show that GNP has temporary...
Persistent link: https://www.econbiz.de/10012475603
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Trends and Cycles in China's Macroeconomy
Chang, Chun - 2015
We make four contributions in this paper. First, we provide a core of macroeconomic time series usable for systematic research on China. Second, we document, through various empirical methods, the robust findings about striking patterns of trend and cycle. Third, we build a theoretical model...
Persistent link: https://www.econbiz.de/10012457423
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Inequality and Measured Growth
Oberfield, Ezra - National Bureau of Economic Research - 2023
Compared to a half-century ago, inequality in the United states has risen and measured productivity growth has fallen. Concerns about rising inequality have been exacerbated by the observation that prices of goods consumed by the poor have risen faster than prices of goods consumed by the rich....
Persistent link: https://www.econbiz.de/10014248014
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The Neoclassical Growth of China
Fernández-Villaverde, Jesús; Ohanian, Lee E.; Yao, Wen - National Bureau of Economic Research - 2023
This paper studies China's four-fold increase in per capita GDP relative to the U.S. between 1995 and 2019. First, we argue that China's growth pattern is very similar to that of several other East Asia economies that initially grew very quickly. Second, we show that a minimalist...
Persistent link: https://www.econbiz.de/10014322739