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Can General Purpose Technology Theory Explain Economic Growth? Electrical Power as a Case Study

Ristuccia, Cristiano Andrea; Solomou, Solomos - CESifo - 2014

Does the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in economies? The paper develops a new comparative data set on the usage of electricity in the manufacturing sectors of the USA, Britain, France, Germany and Japan and proceeds to...

Persistent link: https://www.econbiz.de/10010748306

Political Competition, Tax Salience and Accountability: Theory and Some Evidence from Italy

Bracco, Emanuele; Porcelli, Francesco; Redoano, Michela - CESifo - 2013

This paper argues that high political competition does not necessarily induce policy makers to perform better as previous research has shown. We develop a political economy model and we show that when political competition is tight, and elected politicians can rely on more tax instruments, they...

Persistent link: https://www.econbiz.de/10010877811

Private Debt Overhang and the Government Spending Multiplier: Evidence for the United States

Bernardini, Marco; Peersman, Gert - CESifo - 2015

Using state-dependent local projection methods and historical U.S. data, we find that government spending multipliers are considerably larger in periods of private debt overhang. In particular, we find significant crowding-out of personal consumption and investment in low-debt states, resulting...

Persistent link: https://www.econbiz.de/10011212082

Liquidity Traps and Large-Scale Financial Crisis

Caggiano, Giovanni - 2018

This paper estimates a nonlinear Threshold-VAR to investigate if a Keynesian liquidity trap due to a speculative motive was in place in the U.S. Great Depression and the recent Great Recession. We find clear evidence in favor of a breakdown of the liquidity effect after an unexpected increase in...

Persistent link: https://www.econbiz.de/10012914605

Government Ideology and Economic Policy-Making in the United States

Potrafke, Niklas - 2017

This paper describes the role of government ideology on economic policy-making in the United States. I consider studies using data for the national, state and local level and elaborate on checks and balances, especially divided government, measurement of government ideology and empirical...

Persistent link: https://www.econbiz.de/10012955414

Private Debt Overhang and the Government Spending Multiplier : Evidence for the United States

Bernardini, Marco - 2015

Persistent link: https://www.econbiz.de/10013024365

Can General Purpose Technology Theory Explain Economic Growth? Electrical Power as a Case Study

Ristuccia, Cristiano Andrea - 2015

Persistent link: https://www.econbiz.de/10013033865

The Democratic-Republican Presidential Growth Gap and the Partisan Balance of the State Governments

Cahan, Dodge - 2017

Higher economic growth was generated during Democratic presidencies compared to Republican presidencies in the United States. The question is why. Blinder and Watson (2016) explain that the Democratic-Republican presidential growth gap (D-R growth gap) can hardly be attributed to the policies...

Persistent link: https://www.econbiz.de/10012952476

Political Competition, Tax Salience and Accountability : Theory and Some Evidence from Italy

Bracco, Emanuele - 2013

Persistent link: https://www.econbiz.de/10013083877

Toward a Sustainable Transport Development in Asia and the Pacific

Bhattacharyay, Biswa N. - CESifo - 2011

Despite remarkable growth during the last decade, Asia and the Pacific still faces extensive basic infrastructure needs … region needs to enhance its connectivity through developing transport infrastructure at the national and regional level to … infrastructure will have profound implications on environment and climate change at the national, regional and global levels as well …

Persistent link: https://www.econbiz.de/10009224872