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Dinopoulos, Elias; Syropoulos, Constantinos; … - 2023

globalization on the skill premium and fully-endogenous growth. Higher quality products are endogenously discovered through … outsourcing of investment services. Globalization, captured by a move from autarky to the integrated-world equilibrium, leads to … convergence of wages and growth rates. Globalization and long-run growth are either substitutes or complements depending on a …

Persistent link: https://www.econbiz.de/10014290140

Does financial integration spur economic growth? : New evidence from the first era of financial globalization

Schularick, Moritz; Steger, Thomas M. - 2006

Does international financial integration boost economic growth? The question has been discussed controversially for a long time. As of yet, robust evidence for a positive impact is lacking (Edison et al., 2002). However, there is substantial narrative evidence from economic history that...

Persistent link: https://www.econbiz.de/10010276748

Public Debt, Economic Growth and Nonlinear Effects: Myth or Reality

Egert, Balazs - 2013

This paper puts the Reinhart-Rogoff dataset to a formal econometric testing to see whether public debt has a negative nonlinear effect on growth if public debt exceeds 90% of GDP. Using nonlinear threshold models, we show that the negative nonlinear relationship between debt and growth is very...

Persistent link: https://www.econbiz.de/10010292693

The 90% Public Debt Threshold: The Rise and Fall of a Stylised Fact

Égert, Balázs - 2013

This paper puts the original Reinhart-Rogoff dataset, made public by Herndon et al. (2013), to a formal econometric test to pin down debt threshold endogenously. We show that the nonlinear relation from debt to growth is not very robust. Taken with a pinch of salt, our results suggest, however,...

Persistent link: https://www.econbiz.de/10010312846

Growth and Welfare under Endogenous Lifetime

Schneider, Maik T.; Winkler, Ralph - 2017

We study the role of endogenous healthcare choices by households to extend their expected lifetimes on economic growth and welfare in a decentralized overlapping generations economy with the realistic feature that households’ savings are held in annuities. We characterize healthcare spending...

Persistent link: https://www.econbiz.de/10011615922

Protectionism and Economic Growth: Causal Evidence from the First Era of Globalization

Potrafke, Niklas; Ruthardt, Fabian; Wüthrich, Kaspar - 2020

We investigate how protectionist policies influence economic growth. Our empirical strategy exploits an extraordinary tax scandal that gave rise to an unexpected change of government in Sweden. A free-trade majority in parliament was overturned by a protectionist majority in 1887. We employ the...

Persistent link: https://www.econbiz.de/10012425665

Is Favoritism a Threat to Chinese Aid Effectiveness? A Subnational Analysis of Chinese Development Projects

Dreher, Axel; Fuchs, Andreas; Hodler, Roland; Parks, … - 2019

Chinese aid comes with few strings attached, allowing recipient country leaders to use it for domestic political purposes. The vulnerability of Chinese aid to political capture has prompted speculation that it may be economically ineffective, or even harmful. We test these claims by estimating...

Persistent link: https://www.econbiz.de/10012052845

Energy consumption and economic growth revisited in African countries

Eggoh, Jude C.; Bangaké, Chrysost; Rault, Christophe - 2011

The aim of this paper is to provide new empirical evidence on the relationship between energy consumption and economic growth for 21 African countries over the period from 1970 to 2006, using recently developed panel cointegration and causality tests. The countries are divided into two groups:...

Persistent link: https://www.econbiz.de/10010278854

A convex hull approach to counterfactual analysis of trade openness and growth

Funke, Michael; Gronwald, Marc - 2009

with the literature arguing that greater trade openness would unequivocally lead to higher growth in Africa. …

Persistent link: https://www.econbiz.de/10010265984

The Agricultural Origins of Time Preference

Galor, Oded; Özak, Ömer - 2015

This research explores the origins of the distribution of time preference across regions. It advances the hypothesis, and establishes empirically that geographical variations in the natural return to agricultural investment have had a persistent effect on the distribution of time preference...

Persistent link: https://www.econbiz.de/10010480902