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The U.S. Dollar Exchange Rate and the Demand for Oil
De Schryder, Selien - 2013
Using recent advances in panel data estimation techniques, we find that an appreciation of the US dollar exchange rate leads to a significant decline in oil demand for a sample of 65 oil-importing countries. The estimated effect turns out to be much larger than the impact of a shift in the...
Persistent link: https://www.econbiz.de/10013086048
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Growth, Foreign Direct Investment and Urban Concentrations : Unbundling Spatial Lags
Poelhekke, Steven - 2014
Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we provide detailed evidence on the determinants of outward FDI...
Persistent link: https://www.econbiz.de/10012751105
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The Pungent Smell of 'Red Herrings' : Subsoil Assets, Rents, Volatility and the Resource Curse
van der Ploeg, Rick; Poelhekke, Steven - 2021
exports are no longer significant while the value of subsoil assets has a significant positive effect on growth. But the World …
Persistent link: https://www.econbiz.de/10013316217
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Geography Rules Too! Economic Development and the Geography of Institutions
Bosker, Erik Maarten; Garretsen, Harry - 2021
To explain cross-country income differences, research has recently focused on the so-called deep determinants of economic development, notably institutions and geography. This paper sheds a different light on these determinants. We use spatial econometrics to analyse the importance of the...
Persistent link: https://www.econbiz.de/10013317516
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The Volatility Curse : Revisiting the Paradox of Plenty
van der Ploeg, Rick - 2013
The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling for initial income per capita, population growth, human capital, investment, openness and natural resource dependence. This effect is significant and robust over a wide range of...
Persistent link: https://www.econbiz.de/10012753136
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Economic Growth and Judicial Independence, a Dozen Years on : Cross-Country Evidence Using an Updated Set of Indicators
Voigt, Stefan - 2014
Over 10 years ago, Feld and Voigt (2003) introduced the first indicator for objectively measuring the actual independence of the judiciary and demonstrated its utility in a large cross-section of countries. The indicator has been widely used, but also criticized. This paper presents more recent...
Persistent link: https://www.econbiz.de/10013045337
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The Great Divergence : A Network Approach
Lindner, Ines - 2016
knowledge throughout the world explains a period of increasing world inequality after the take-off of the forerunners of the … industrial revolution, followed by decreasing relative inequality. Knowledge diffusion through a Small World network explains the … individual countries in the course of world development …
Persistent link: https://www.econbiz.de/10013001168
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Unraveling the Fortunates of the Fortunate : An Iterative Bayesian Model Averaging (IBMA) Approach
Eicher, Theo S. - 2007
We investigate country heterogeneity in cross-country growth regressions. In contrast to the previous literature that focuses on low-income countries, this study also highlights growth determinants in high-income (OECD) countries. We introduce Iterative Bayesian Model Averaging (IBMA) to address...
Persistent link: https://www.econbiz.de/10012777687
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Transportation Costs and the Great Divergence
Azarnert, Leonid V. - 2014
This work shows the asymmetric effect of the reduction in transportation costs across different sectors in the process of the Great Divergence. Specifically, the analysis indicates that reductions in transportation costs of industrial goods enhance convergence of the growth rates of trading...
Persistent link: https://www.econbiz.de/10013054015
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Trade and Investment in the Global Economy
Anderson, James E. - 2017
actual aggregate cross-section data for 89 countries in 2011 to a hypothetical world without FDI. The gains from FDI amount … to 9% of world's welfare and to 11% of world's trade, unevenly distributed among winners and losers. Net exports of FDI …
Persistent link: https://www.econbiz.de/10012947623