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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

Product Variety and Economic Growth - Empirical Evidence for the OECD Countries

Funke, Michael; Ruhwedel, Ralf - CESifo - 2000

Utilizing panel data for 19 OECD countries we find suppor t for the hypothesis that a greater degree of product variety relative to the US helps to explain relative per capita GDP levels. The empirical work relies upon some direct measures of product variety calculated from 6-digit OECD export...

Persistent link: https://www.econbiz.de/10005416492

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

Granularity in Banking and Growth : Does Financial Openness Matter?

Bremus, Franziska - 2013

We explore the impact of large banks and of financial openness for aggregate growth. Large banks matter because of granular effects: if markets are very concentrated in terms of the size distribution of banks, idiosyncratic shocks at the bank-level do not cancel out in the aggregate but can...

Persistent link: https://www.econbiz.de/10013077036

Globalization and the (Mis)Governance of Nations

Blouin, Arthur - 2013

We analyze whether or not the globalization of capital, ‘disciplines' governments and improves governance. We demonstrate that globalization affects governance, by increasing a country's vulnerability to sudden capital flight. This increased threat of capital flight can discipline governments...

Persistent link: https://www.econbiz.de/10013091699

Financial Reform and Banking Crises

Shehzad, Choudhry Tanveer - 2013

We examine the impact of various dimensions of financial reform on the likelihood of systemic and non-systemic banking crises. Using new financial reform measures for a large sample of developing and developed countries for the period 1973 to 2002, our multivariate probit modeling results...

Persistent link: https://www.econbiz.de/10013095277

World-Trade Growth Accounting

Egger, Peter - 2016

into their direct (endowment accumulation, productivity growth, changes in trade costs, changing preferences) and indirect … productivity growth, and endogenous changes in expenditures shares on manufacturing goods and services. We quantify the importance … accumulation and trade costs have been the most important drivers of trade in the sample at hand, whereas productivity growth and …

Persistent link: https://www.econbiz.de/10012994081

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 micro data. The aggregate data on China's ODI in...

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

Demographic Structure and Macroeconomic Trends

Aksoy, Yunus; Basso, Henrique S.; Smith, Ron; Grasl, Tobias - 2021

The effect of changes in demographic structure on medium-run trends of key macroeconomic variables is estimated using a Panel VAR of 21 OECD economies. The panel data variability assists the identification of direct effects of demographics, while the dynamic structure uncovers long-term effects....

Persistent link: https://www.econbiz.de/10013315503

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