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Signaling and Employer Learning with Instruments

Aryal, Gaurab; Bhuller, Manudeep; Lange, Fabian - 2020

The social and the private returns to education differ when education can increase productivity, and also be used to signal productivity. We show how instrumental variables can be used to separately identify and estimate the social and private returns to education within the employer learning...

Persistent link: https://www.econbiz.de/10012179891

The Econometrics of Oil Market VAR Models

Kilian, Lutz; Zhou, Xiaoqing - 2020

supply shocks that have been used as external or internal instruments for VAR models. …

Persistent link: https://www.econbiz.de/10012207918

Are Fiscal Multipliers Estimated with Proxy-SVARs Robust?

Angelini, Giovanni; Caggiano, Giovanni; Castelnuovo, Efrem - 2020

shocks larger than that of the available instruments. Our two main findings are the following. First, the estimate of the tax … multiplier to be robustly larger than one across different models that feature different sets of instruments. Our results are … robust to the joint employment of different fiscal and non-fiscal instruments. …

Persistent link: https://www.econbiz.de/10012269508

The Political Economy of Educational Content and Development: Lessons from History

Cantoni, Davide; Yuchtman, Noam - 2013

Beyond years of schooling, educational content can play an important role in the process of economic development …

Persistent link: https://www.econbiz.de/10010293981

Does Female Empowerment Promote Economic Development

Doepke, Matthias; Tertilt, Michèle - 2014

necessarily mean that giving money to women is a good development policy. We show that depending on the nature of the production …

Persistent link: https://www.econbiz.de/10010333372

Feeling the Heat: Temperature, Physiology & the Wealth of Nations

Heal, Geoffrey; Park, Jisung - 2014

social welfare has important implications for both the economics of climate change and comparative development. …

Persistent link: https://www.econbiz.de/10010333459

The Geography of Natural Resources, Ethnic Inequality and Development

Lessmann, Christian; Steinkraus, Arne - 2017

We study whether the spatial distribution of natural resources across different ethnic groups within countries impede spatial inequality, national economic performance, and the incidence of armed conflict. By providing a theoretical rent-seeking model and analysing a set of geocoded data for...

Persistent link: https://www.econbiz.de/10011615854

Engineering Growth: Innovative Capacity and Development in the Americas

Maloney, William F.; Caicedo, Felipe Valencia - 2017

This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the engineer. It collects cross-country and state level data on the labor share of engineers for the Americas, and county level data on engineering and patenting for the US during...

Persistent link: https://www.econbiz.de/10011615894

Top Lights - Bright Cities and their Contribution to Economic Development

Bluhm, Richard; Krause, Melanie - 2018

The commonly-used satellite images of nighttime lights fail to capture the true brightness of most cities. We show that night lights are a reliable proxy for economic activity at the city level, provided they are first corrected for top-coding. We present a stylized model of urban luminosity and...

Persistent link: https://www.econbiz.de/10012018102

Priority Roads: The Political Economy of Africa's Interior-to-Coast Roads

Bonfatti, Roberto; Gu, Yuan; Poelhekke, Steven - 2019

Africa’s interior-to-coast roads are well suited to export natural resources, but not to support regional trade. Are they the optimal response to geography and comparative advantage, or the result of suboptimal political distortions? We investigate the political determinants of road paving in...

Persistent link: https://www.econbiz.de/10012018169