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Economic growth and endogenous fiscal policy : in search of a data consistent general equilibrium model

Malley, James R.; Philippopulos, Apostolēs - 2000

This paper searches for a general equilibrium model of optimal growth and endogenous fiscal policy with the aim of explaining the interaction between private agents and fiscal authorities in the U.S., West Germany, Japan and the U.K. over the period 1960-1996. Our search is conducted in the...

Persistent link: https://www.econbiz.de/10009781505

Political uncertainty, public expenditure and growth

Darby, Julia; Li, Chol-won; Muscatelli, V. Anton - 2000

We focus on the link between political instability due to uncertain electoral outcomes and economic growth, through the impact on a government's decisions on how to allocate government expenditure between public consumption and investment. Using an endogenous growth model with partisan electoral...

Persistent link: https://www.econbiz.de/10009781587

Political risk and real exchange rate : what can we learn from recent developments in panel data econometrics for emerging and developing countries?

Bahmani-Oskooee, Mohsen; Hadj Amor, Thouraya; Nouira, Ridha - 2019

Cross- Sectionally Augmented ARDL approach of Chudik and Pesaran (2015b), and the panel threshold estimation of Chudik et al …

Persistent link: https://www.econbiz.de/10011955761

FDI determination and corporate tax competition in a volatile world

Ghinamo, Mauro (contributor); Panteghini, Paolo (contributor) - 2007

Persistent link: https://www.econbiz.de/10003496828

The golden hello and political transitions

Aidt, Toke; Albornoz, Facundo; Gassebner, Martin - 2012

We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version … have taken place. We test this unexplored implication of the theory empirically. We find in a world sample from 1970 to … transitions ; democracy ; autocracy ; IMF ; World Bank …

Persistent link: https://www.econbiz.de/10009630635

The role of political institutions for the effectiveness of central bank independence

Hielscher, Kai; Markwardt, Gunther - 2011

This paper empirically studies the impact of the quality of political institutions on the link between central bank independence and inflation. Making use of data on the evolution of central bank independence over time and controlling for possible nonlinearities, we employ interaction models to...

Persistent link: https://www.econbiz.de/10009012047

Education, growth and income inequality

Teulings, Coen N.; Rens, Thijs van - 2002

When types of workers are imperfect substitutes, the Mincerian rate of return to human capital is negatively related to the supply of human capital. We work out a simple model for the joint evolution of output and wage dispersion. We estimate this model using cross-country panel data on GDP and...

Persistent link: https://www.econbiz.de/10011408972

An open-economy Ramsey-Cass-Koopmans model in reduced form

Spiro, Daniel - 2021

What is a good reduced-form representation of Ramsey-Cass-Koopmans. (RCK) model? Solow's model (despite non-optimizing agents) provides predictions largely consistent with a closed-economy RCK but fundamentally differs regarding open-economy income convergence. Where RCK predicts partial income...

Persistent link: https://www.econbiz.de/10012619417

Political institutions and policy outcomes : what are the stylized facts?

Persson, Torsten; Tabellini, Guido Enrico - 2001

We investigate the effect of electoral rules and political regimes on fiscal policy outcomes in a panel of 61 democracies from 1960 and onwards. In presidential regimes, the size of government is smaller and less responsive to income shocks, compared to parliamentary regimes. Under majoritarian...

Persistent link: https://www.econbiz.de/10011398379

Government size, trade openness, and output volatility : a case of fully integrated economies

Fujii, Eiji - 2015 - This version: October 2015

Government is often considered the safe sector of an open economy that provides households with insurance against external risk exposure. Among highly integrated economies, however, households should be able to exploit common financial markets to insure themselves. In this paper we examine the...

Persistent link: https://www.econbiz.de/10011350143

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