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Growth and Risk: Methodology and Micro Evidence

Elbers, Chris; Gunning, Jan Willem; Kinsey, Bill - Tinbergen Instituut - 2003

This discussion paper resulted in a publication in the 'World Bank Economic Review', 2007, 21, 1-20.<p> There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post effects of risk using a stochastic version of the Ramsey model. We develop a...</p>

Persistent link: https://www.econbiz.de/10011256469

Convergence, Shocks and Poverty

Elbers, Chris; Gunning, Jan Willem; Kinsey, Bill - Tinbergen Instituut - 2002

simulation experiments(over a 20-year period) to quantify the importance of convergence, household fixed effectsand shocks. First …, we find powerful convergence. In the absence of shocks and withouthousehold fixed effects there is rapid growth over the …

Persistent link: https://www.econbiz.de/10011256948