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A convex hull approach to counterfactual analysis of trade openness and growth
Funke, Michael; Gronwald, Marc - 2009
In this paper, we apply a convex hull approach to counterfactual analysis of trade openness and growth. The experiments … we choose evaluate the importance of trade openness for growth across African countries. Specifically, we ask the … with the literature arguing that greater trade openness would unequivocally lead to higher growth in Africa. …
Persistent link: https://www.econbiz.de/10010265984
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Land Scarcity and Urban Density within Cities
Krause, Melanie; Seidel, André - 2021
This paper studies how limitations on land suitable for development affect within-city variation in urban density and its three components: crowding, residential coverage, and building height. We use the high variation in geographical obstacles − such as steep land slopes and the presence of...
Persistent link: https://www.econbiz.de/10013243249
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Household Expenditures, Wages, Rents
Davis, Morris A.; Ortalo-Magné, François - 2021
We provide new evidence from the 1980, 1990, and 2000 Decennial Census of Housing that the expenditure share on housing is constant over time and across U.S. metropolitan areas (MSA). Consistent with this observation, we consider a basic model in which identical households with Cobb-Douglas...
Persistent link: https://www.econbiz.de/10013316666
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Growing apart?: a tale of two republics: Estonia and Georgia
Gylfason, Thorvaldur; Hochreiter, Eduard - 2007
We compare and contrast the economic growth performance of Estonia and Georgia since the collapse of the Soviet Union in 1991 in an attempt to understand better the extent to which the growth differential between the two countries can be traced to increased efficiency in the use of capital and...
Persistent link: https://www.econbiz.de/10010264255
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Ageing and productivity growth: are there macro-level cohort effects of human capital?
Werding, Martin - 2008
Slower growth of the labour force and an increase in old-age dependency will reduce the growth of aggregate output and output per capita in many developed countries. However, a major question is whether there is any systematic link between demographics and the productivity of those who will...
Persistent link: https://www.econbiz.de/10010264296
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[Sigma]: the long and short of it
Chirinko, Robert S. - 2008
Research on the elasticity of substitution between capital and labor - ó - has been proceeding for 75 years. While there is clearly a strong case for the importance of ó in the analysis of growth and other economic issues, much less agreement exists on the value of ó. This paper offers some...
Persistent link: https://www.econbiz.de/10010264314
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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
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Economic growth and subjective well-being: reassessing the Easterlin paradox
Stevenson, Betsey; Wolfers, Justin - 2008
The Easterlin paradox" suggests that there is no link between a society's economic development and its average level of happiness. We re-assess this paradox analyzing multiple rich datasets spanning many decades. Using recent data on a broader array of countries, we establish a clear positive...
Persistent link: https://www.econbiz.de/10010264434
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Socio-political conflict and economic performance in Bolivia
Evia, Jose Luis; Laserna, Roberto; Skaperdas, Stergios - 2008
We examine how socio-political conflict in Bolivia has affected its economic performance since the 1970s. Such conflict includes strikes, demonstrations, road blockades, and conventional rent-seeking. Since conflict has costs, it diverts resources away from production, tends to reduce investment...
Persistent link: https://www.econbiz.de/10010273773
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Infrastructure and gowth : empirical evidence
Égert, Balázs; Kozluk, Tomasz; Sutherland, Douglas - 2009
Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure investment can have a positive effect on growth that goes beyond the effect of the capital stock because of economies of scale, the existence of network externalities competition...
Persistent link: https://www.econbiz.de/10010273809