Showing 1 - 10 of 25
and economic growth, this paper revisits the question using a Bayesian Model Averaging approach. The analysis suggests …, there is no robust link, neither positive, nor negative, between output growth and fiscal federalism (measured as sub …
Persistent link: https://www.econbiz.de/10009786223
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
facto JI focusing on countries actually experience. Whether JI affects economic growth is tested for a cross section of 57 … countries. While de iure JI does not have an impact on real GDP growth per capita growth, de facto JI positively influences it. …
Persistent link: https://www.econbiz.de/10011507670
the aim of achieving regional convergence, they should have a positive effect on economic growth. However, it is equally … possible that transfers perpetuate under-development by diminishing regional incentives to implement growth-enhancing policies …. In this paper, we study empirically the effect of intergovernmental transfers on economic growth using the German …
Persistent link: https://www.econbiz.de/10011522145
strongly con-firms previous results that de jure JI is not systematically related to economic growth, but de facto JI is highly … significantly and robustly correlated with growth. In addition, we show that the effect of de facto JI depends on the institutional …
Persistent link: https://www.econbiz.de/10010417470
decentralization on economic growth. Much of the traditional literature focuses on the efficiency aspects of a decentralized provision … of public services. However, decentralization may also increase growth by raising the ability of the political system to … empirical literature on decentralization and economic growth. Based on our survey, we identify open questions and discuss …
Persistent link: https://www.econbiz.de/10010412862
JI has a robust and highly significant impact on economic growth. Individual components of both de jure and de facto JI … on economic growth are estimated for their impact on economic growth. Additionally, the effects of other institutional …
Persistent link: https://www.econbiz.de/10011450509
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
The link between federalism and economic performance is still ambiguous. Aiming at clarification, we improve on a widespread shortcoming by measuring federalism not just by one variable but by various institutions that constitute it. To this end, Switzerland provides for a laboratory as its 26...
Persistent link: https://www.econbiz.de/10011903827