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Fetzer, Thiemo - 2018

Did austerity cause Brexit? This paper shows that the rise of popular support for the UK Independence Party (UKIP), as the single most important correlate of the subsequent Leave vote in the 2016 European Union (EU) referendum, along with broader measures of political dissatisfaction, are...

Persistent link: https://www.econbiz.de/10012910997

Does it Pay to Fulfill the Maastricht Convergence Criteria? - Reflections on the Public Debt and Growth Nexus for Selected European Economies

Bökemeier, Bettina - 2016

This paper empirically studies whether it pays off (in terms of economic growth) to fulfill the convergence criteria on the public budget and participation in the Euro-zone. The analysis is based on data of European economies with a special focus on twelve Euro–zone members and a control group...

Persistent link: https://www.econbiz.de/10012978070

Is There a Debt-Threshold Effect on Output Growth?

Chudik, Alexander - 2015

This paper studies the long-run impact of public debt expansion on economic growth and investigates whether the debt-growth relation varies with the level of indebtedness. Our contribution is both theoretical and empirical. On the theoretical side, we develop tests for threshold effects in the...

Persistent link: https://www.econbiz.de/10013019040

GDP Growth, Private Debt and Monetary Policy

Cafiso, Gianluca - 2017

Economic research has considered Private Debt a determinant of GDP growth for years. By keeping this perspective, the objective of this work is to understand how much of the GDP response to a monetary shock is due to the variation of private debt. This is the marginal contribution of private...

Persistent link: https://www.econbiz.de/10012953691

Public Debt, Economic Growth and Nonlinear Effects : Myth or Reality?

Égert, Balázs - 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/10013084015

Elite Education, Mass Education, and the Transition to Modern Growth

Strulik, Holger - 2015

We propose an innovation-driven growth model in which education is determined by family background and cognitive ability. We show that compulsory schooling can move a society from elite education to mass education, which then triggers market R&D. This means that our model rationalizes two...

Persistent link: https://www.econbiz.de/10013009852

Why is China Investing in Africa? Evidence from the Firm Level

Chen, Wenjie - 2016

China's increased trade with and investment in Africa have boosted the continent's economic growth but have also … generated considerable controversy. In this paper we investigate China's outward direct investment ODI in Africa using macro and … registered Chinese firms investing in Africa between 1998 and 2012. We use key words in project descriptions to code the …

Persistent link: https://www.econbiz.de/10012987345

Energy Use and Economic Growth in Africa : A Panel Granger-Causality Investigation

Arouri, Mohamed El Hedi - 2014

African countries over the period 1988-2010. Our results show that growth and energy use are strongly linked in Africa … may work for all countries in Africa …

Persistent link: https://www.econbiz.de/10013051383

A Convex Hull Approach to Counterfactual Analysis of Trade Openness and Growth

Funke, Michael - 2009

with the literature arguing that greater trade openness would unequivocally lead to higher growth in Africa …

Persistent link: https://www.econbiz.de/10013158311

Energy Consumption and Economic Growth Revisited in African Countries

Eggoh, Jude Comlanvi - 2014

The aim of this paper is to provide new empirical evidence on the relationship between energy consumption and economic growth for 21 African countries over the period from 1970 to 2006, using recently developed panel cointegration and causality tests. The countries are divided into two groups:...

Persistent link: https://www.econbiz.de/10013067360

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