Showing 1 - 10 of 18
The recent plunge in oil prices has brought into question the generally accepted view that lower oil prices are good for the US and the global economy. In this paper, using a quarterly multi-country econometric model, we first show that a fall in oil prices tends relatively quickly to lower...
Persistent link: https://www.econbiz.de/10011502542
We investigate the long-term macroeconomic effects of climate change across 48 U.S. states over the period 1963.2016 using a novel econometric strategy which links deviations of temperature and precipitation (weather) from their long-term moving-average historical norms (climate) to various...
Persistent link: https://www.econbiz.de/10012806494
We study the long-term impact of climate change on economic activity across countries, using a stochastic growth model …-capita real output growth is adversely affected by persistent changes in the temperature above or below its historical norm, but …
Persistent link: https://www.econbiz.de/10012031151
We study the long-term impact of climate change on economic activity across countries, using a stochastic growth model …-capita real output growth is adversely affected by persistent changes in the temperature above or below its historical norm, but …
Persistent link: https://www.econbiz.de/10012112126
This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil … effects of oil exports are taken into account, the estimates support output growth convergence between Iran and the rest of …, which could be partly due to the relatively underdeveloped nature of Iran's financial markets. -- growth models ; long run …
Persistent link: https://www.econbiz.de/10003897747
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This paper studies the long-run impact of public debt expansion on economic growth and investigates whether the debt-growth … evidence for a universally applicable threshold effect in the relationship between public debt and economic growth, once we … significant negative long-run effects of public debt build-up on output growth. Provided that public debt is on a downward …
Persistent link: https://www.econbiz.de/10011373960
Purchasing Managers Indices (PMIs) for forecasting global (48 countries) growth, and compare forecasts from AugGVAR models with a …
Persistent link: https://www.econbiz.de/10010438196