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Employment growth, inflation and output growth: Was Phillips right? Evidence from a dynamic panel

Caporale, Guglielmo Maria; Škare, Marinko - 2011

In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in Phillips' tradition. For this purpose we apply FMOLS, DOLS, PMGE, MGE, DFE, and VECM methods to a nonstationary heterogeneous dynamic panel including annual data for 119...

Persistent link: https://www.econbiz.de/10010277380

Institutions and development : the interaction between trade regime and political system

Falkinger, Josef; Grossmann, Volker - 2004

This paper argues that openness to goods trade in combination with an unequal distribution of political power has been a major determinant of the comparatively slow development of resource- or land-abundant regions like South America and the Caribbean in the nineteenth century. We develop a...

Persistent link: https://www.econbiz.de/10010261261

Democracy and development : the devil in the details

Persson, Torsten; Tabellini, Guido - 2006

Does democracy promote economic development? This paper reviews recent attempts to address this question that exploited within-country variation. It shows that the answer is largely positive, but also depends on the details of democratic reforms. First, the sequence of economic vs political...

Persistent link: https://www.econbiz.de/10010261420

Cyclical fiscal policy, output volatility, and economic growth

Badinger, Harald - 2008

This paper provides a comprehensive empirical assessment of the relation between the cyclicality of fiscal policy, output volatility, and economic growth, using a large cross-section of 88 countries over the period 1960 to 2004. Identification of the effects of (endogenous) cyclical fiscal...

Persistent link: https://www.econbiz.de/10010264336

Do natural resources depress income per capita?

Arezki, Rabah; van der Ploeg, Frederick - 2010

Most evidence for the resource curse comes from cross-country growth regressions suffers from a bias originating from the high and ever-evolving volatility in commodity prices. This paper addresses these issues by providing new cross-country empirical evidence for the effect of resources in...

Persistent link: https://www.econbiz.de/10010270466

Natural resources: Curse or blessing?

van der Ploeg, Frederick - 2010

and bad growth prospects, and that these adverse effects are more severe in volatile countries with bad institutions and … a resource boom reinforces rent grabbing and civil conflict especially if institutions are bad, induces corruption …

Persistent link: https://www.econbiz.de/10010270490

Institutions and business cycles

Altug, Sumru; Emin, Mustafa; Neyapti, Bilin - 2011

This paper investigates the relationship between the main business cycles features and the institutional and structural characteristics of countries in which they are observed. We derive the business cycle characteristics of the individual countries using the nonparametric Harding-Pagan...

Persistent link: https://www.econbiz.de/10010273647

The Colonial and Geographic Origins of Comparative Development

Auer, Raphael - 2009

control group, I develop an empirical strategy that disentangles the partial effects of institutions and of endowments on … income. I find that institutions are the main determinant of development, but that endowments have a sizeable direct impact … mix up the effect of the historical determinants of institutions with the sizeable direct impact of access to trade and of …

Persistent link: https://www.econbiz.de/10011430076

Institutions, infrastructure, and trade

Francois, Joseph F.; Manchin, Miriam - 2007

the institutions and infrastructure literature in this respect, using selection-based gravity modeling of trade flows. We …

Persistent link: https://www.econbiz.de/10010294570

When the state mirrors the family: The design of pension systems

Galasso, Vincenzo; Profeta, Paola - 2010

This paper studies the transmission mechanism from family culture to economic institutions, by analyzing the impact of …

Persistent link: https://www.econbiz.de/10010274843