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Resource Windfalls, Macroeconomic Stability and Growth : The Role of Political Institutions

Arezki, Rabah - 2011

We use a new dataset on non-resource GDP to examine the performance of commodity-exporting countries in terms of macroeconomic stability and economic growth in a panel of up to 129 countries during the period 1970-2007. Our main findings are threefold. First, we find that overall government...

Persistent link: https://www.econbiz.de/10013117356

Cyclical Fiscal Policy, Output Volatility, and Economic Growth

Badinger, Harald - 2021

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/10013316549

The EU Budget Dispute - A Blessing in Disguise?

Schneider, Ondrej - 2007

This paper analyses the European budget and the position of the ten new member states. We argue that the EU budget should be reconsidered, as the Union has expanded to 27 member states and has become more heterogeneous. The budget priorities must be re-oriented towards potentially productive...

Persistent link: https://www.econbiz.de/10012776902

Employment Growth, Inflation and Output Growth : Was Phillips Right? Evidence from a Dynamic Panel

Caporale, Guglielmo Maria - 2013

In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … causality tests. The empirical results strongly support the existence of a single cointegrating relationship between employment … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …

Persistent link: https://www.econbiz.de/10013092691

Commodity Windfalls, Polarization, and Net Foreign Assets : Panel Data Evidence on the Voracity Effect

Arezki, Rabah - 2013

This paper examines the effects that windfalls from international commodity price booms have on net foreign assets in a panel of 145 countries during the period 1970-2007. The main finding is that windfalls from international commodity price booms lead to a significant increase in net foreign...

Persistent link: https://www.econbiz.de/10013092044

On the Conditional Effects of IMF Program Participation on Output Growth

Binder, Michael - 2013

The empirical evidence currently available in the literature regarding the effects of a country's IMF program participation on its output growth is rather mixed. To shed new evidence on this issue, in this paper we specify a state- dependent panel data model accounting in particular for program...

Persistent link: https://www.econbiz.de/10013094324

Delays in Public Goods

Chatterjee, Santanu - 2017

In this paper, we analyze the consequences of delays and cost overruns typically associated with the provision of public infrastructure in the context of a growing economy. Our results indicate that uncertainty about the arrival of public capital can more than offset its positive spillovers for...

Persistent link: https://www.econbiz.de/10012961081

Government Size, Trade Openness, and Output Volatility : A Case of Fully Integrated Economics

Fujii, Eiji - 2015

Government is often considered the safe sector of an open economy that provides households with insurance against external risk exposure. Among highly integrated economies, however, households should be able to exploit common financial markets to insure themselves. In this paper we examine the...

Persistent link: https://www.econbiz.de/10013011795

Delays in Public Goods

Chatterjee, Santanu - 2018

Persistent link: https://www.econbiz.de/10012934762

Productive Government Expenditure and Economic Growth

Irmen, Andreas; Kuehnel, Johanna - 2021

We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...

Persistent link: https://www.econbiz.de/10013316522