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Foreign direct investments (FDI) are an important determinant of economic growth. Coun-tries try to attract mobile …
Persistent link: https://www.econbiz.de/10010291489
-driven comparative studies about the impact of autocratic transition on real per capita GDP. The applied methodology compares the growth … of countries that experienced a transition to autocracy with the growth of a convex combination of similar countries that …
Persistent link: https://www.econbiz.de/10010266104
growth. The results suggest that de facto and de jure globalization influence economic growth differently. Future research …
Persistent link: https://www.econbiz.de/10012018121
and bad growth prospects, and that these adverse effects are more severe in volatile countries with bad institutions and …
Persistent link: https://www.econbiz.de/10010270490
Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear … that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we … growth and unbundling spatial lags matters. Robustness is verified by re-estimating our regressions with fixed effects and …
Persistent link: https://www.econbiz.de/10010276225
corrects for endogeneity of resource exports and allows resource abundance affect growth. Their results show that resource … exports are no longer significant while the value of subsoil assets has a significant positive effect on growth. But the World … longer significant. However, the same evidence suggests that resource exports or rents boost growth in stable countries, but …
Persistent link: https://www.econbiz.de/10010270478
Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and Romer [F&R](1999) important doubts have surfaced. Is the correlation spurious and driven by omitted geographical and institutional variables? In this paper, we generalize F&R's...
Persistent link: https://www.econbiz.de/10010277354
growth, and find that it has a robust negative effect on GDP growth. This link coexists with the negative link between … variance and growth typically found in the literature. To explain the link between crises and growth we present a model where … weak institutions lead to severe financial constraints and low growth. Financial liberalization policies that facilitate …
Persistent link: https://www.econbiz.de/10010261177
This article introduces a novel database that measures governments’ compliance with national constitutions. It combines information on de jure constitutional rules with data on their de facto implementation. The individual compliance indicators can be grouped into four categories that we...
Persistent link: https://www.econbiz.de/10014262029
We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through …, growth affects trade, directly through changes in country size and indirectly through altering the incidence of trade costs …. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …
Persistent link: https://www.econbiz.de/10011307111