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Economic Globalisation and Africa's Quest for Greener and More Inclusive Growth : The Missing Link
Ofori, Isaac K; Freytag, Andreas; Asongu, Simplice A. - 2023
inclusive green growth (IGG) relationship in Africa. Based on macro data for 22 African countries and the Driscoll …-Kraay standard errors with fixed effects instrumental variable regression, the following findings are established. First, Africa … threshold analysis suggests that by improving Africa’s mostly unfree economic architecture to 60% (moderately free) or 80% (free …
Persistent link: https://www.econbiz.de/10014347989
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Macroeconomic Policy and Development in India: Some Analytical Issues
Sen, Partha - 2022
Should a developing economy, such as India, have a macroeconomic policy framework that is identical to an advanced capitalist country? The answer is a "No", because the developing economies have external constraints, that the more developed countries do not. They also, often, need to achieve a...
Persistent link: https://www.econbiz.de/10014290085
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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
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Pandemic-Era Inflation Drivers and Global Spillovers
di Giovanni, Julian; Kalemli-Özcan, Şebnem; Silva, Alvaro - 2023
We estimate a multi-country multi-sector New Keynesian model to quantify the drivers of domestic inflation during 2020–2023 in several countries, including the United States. The model matches observed inflation together with sector-level prices and wages. We further measure the relative...
Persistent link: https://www.econbiz.de/10014469734
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Public Debt Sustainability and Defaults
Guillard, Michel; Kempf, Hubert - 2017
We offer a new methodology for the assessment of public debt sustainability in a stochastic economy when sovereign default taken into account. The default threshold differs from the no-Ponzi condition and depends on the post-default debt recovery rule. We distinguish sustainability and...
Persistent link: https://www.econbiz.de/10011698721
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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
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The Greek crisis: Causes and consequences
Garcia Pascual, Antonio I.; Ghezzi, Piero - 2011
Greece has reached a point where, under any plausible macroeconomic scenario, public debt will continue growing faster than GDP. Fiscal consolidation alone cannot close the solvency gap. A substantial reduction in the stock of debt is needed. Even post-debt restructuring, there is no guarantee...
Persistent link: https://www.econbiz.de/10010280648
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Economic Globalisation and Africa's Quest for Greener and More Inclusive Growth: The Missing Link
Ofori, Isaac K.; Freytag, Andreas; Asongu, Simplice A. - 2023
inclusive green growth (IGG) relationship in Africa. Based on macro data for 22 African countries and the Driscoll …-Kraay standard errors with fixed effects instrumental variable regression, the following findings are established. First, Africa … threshold analysis suggests that by improving Africa's mostly unfree economic architecture to 60% (moderately free) or 80% (free …
Persistent link: https://www.econbiz.de/10014377463
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The Evidence on Globalization
Potrafke, Niklas - 2014
globalization has spurred economic growth, promoted gender equality, and improved human rights. Moreover, globalization did not …Globalization is blamed for many socio-economic shortcomings. I discuss the consequences of globalization by surveying … the empirical globalization literature. My focus is on the KOF indices of globalization (Dreher 2006a and Dreher et al …
Persistent link: https://www.econbiz.de/10010352360
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Globalization, economic freedom and human rights
Dreher, Axel; Gassebner, Martin; Siemers, Lars-H. R. - 2010
Using the KOF Index of Globalization and two indices of economic freedom, we empirically analyze whether globalization …-2004 period. According to our results, physical integrity rights significantly and robustly increase with globalization and …
Persistent link: https://www.econbiz.de/10010274933