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using time series data from 1980 to 2004. We first estimate a panel data model (using fixed and random effects) for the real … of real exchange rate misalignment using panel cointegration methods. The variables used in our real exchange rate models …-step System GMM panel growth models indicate that the coefficients for real exchange rate misalignment are positive for different …
Persistent link: https://www.econbiz.de/10013142797
We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries … over the 1980-2008 period, using pooled mean group estimator in a dynamic heterogeneous panel setting. We show that …
Persistent link: https://www.econbiz.de/10013054321
This paper investigates the robustness of determinants of economic growth in the presence of model uncertainty, parameter heterogeneity and outliers. The robust model averaging approach introduced in the paper uses a flexible and parsimonious mixture modeling that allows for fat-tailed errors...
Persistent link: https://www.econbiz.de/10013129859
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
productivity is difficult to investigate at a micro level, the paper builds on a large macro-data panel covering developed as well …
Persistent link: https://www.econbiz.de/10013316605
African (MENA) countries over the period 1990-2010 using panel data methods. For the first specification, namely EKC, we show …
Persistent link: https://www.econbiz.de/10013053065
problems, excessive regulation, administrative costs and local capture. Using panel data for up to 60 countries, we find that …
Persistent link: https://www.econbiz.de/10013316311
countries (representing 85 percent of the world population) from 1960-2012. Since 1988, inequality has marginally decreased …
Persistent link: https://www.econbiz.de/10012962120
We estimate the effect of broadband infrastructure, which enables high-speed internet, on economic growth in the panel …
Persistent link: https://www.econbiz.de/10013116573
panel of 145 countries during the period 1970-2007. The main finding is that windfalls from international commodity price …
Persistent link: https://www.econbiz.de/10013092044