Showing 1 - 10 of 344
Mainstream economic research regards private debt as a determinant of GDP growth in the longrun. Levine (2005) surveys … focus from the long to the short-run and study whether private debt has a significant impact on GDP growth in the short …
Persistent link: https://www.econbiz.de/10011584900
Economic research has considered Private Debt a determinant of GDP growth for years. By keeping this perspective, the … objective of this work is to understand how much of the GDP response to a monetary shock is due to the variation of private debt …
Persistent link: https://www.econbiz.de/10011698667
We investigate how Reconstruction affected Black political participation and socio-economic advancement after the American Civil War. We use the location of federal troops and Freedmen's Bureau offices to indicate more intensive federal enforcement of civil rights. We find greater political...
Persistent link: https://www.econbiz.de/10014534278
We propose a new tool to filter non-linear dynamic models that does not require the researcher to specify the model fully and can be implemented without solving the model. If two conditions are satisfied, we can use a flexible statistical model and a known measurement equation to back out the...
Persistent link: https://www.econbiz.de/10015061899
We construct the world’s centers of gravity for human population, GDP and CO2 emissions by taking the best out of five … of gravity, we find a radical Western shift of GDP and CO2 emissions centers in the 19th century, in sharp contrast with … the stability of the demographic center of gravity. Both GDP and emissions trends are reversed in the first half of the 20 …
Persistent link: https://www.econbiz.de/10012018248
What is the long run impact on development from differences in subsistence strategies during pre-industrial times? Whereas this question has been explored from the point of view of agriculture, remarkably little attention has been paid to the complementary strategy of relying on marine...
Persistent link: https://www.econbiz.de/10011388201
In absence of randomized controlled experiments, identification is often aimed via instrumental variable (IV) strategies, typically two-stage least squares estimations. According to Bayes’ rule, however, under a low ex ante probability that a hypothesis is true (e.g. that an excluded...
Persistent link: https://www.econbiz.de/10012018160
barriers played in China’s growth and urbanization. We find that the primary drivers for real per capita GDP growth are … toward China’s admission to the WTO it does not contribute much to real per capita GDP growth. During this transition process …
Persistent link: https://www.econbiz.de/10011431285
Economists use micro-based and macro-based approaches to assess the macroeconomic return to population health. The …
Persistent link: https://www.econbiz.de/10013353418
This study provides new causal evidence for the impact of a large-scale natural disaster on local economic activity in Iran using nighttime light intensity. We apply the synthetic control method (SCM) and nighttime light (NTL) data from 1992 to 2020 for 31 provinces and 429 counties to study the...
Persistent link: https://www.econbiz.de/10014377476