Showing 1 - 10 of 460
This paper offers a reappraisal of the impact of migration on economic growth for 22 OECD countries between 1986 … capital on GDP per capita, and second, a permanent increase in migration ows has a positive effect on productivity growth …. However, the growth impact of immigration is small even in countries that have highly selective migration policies. …
Persistent link: https://www.econbiz.de/10010533072
The paper investigates the role of real exchange rate misalignment on long-run growth for a set of ninety countries …-step System GMM panel growth models indicate that the coefficients for real exchange rate misalignment are positive for different …-run growth. The estimated coefficients are higher for developing and emerging countries. -- long-run economic growth ; real …
Persistent link: https://www.econbiz.de/10003969632
We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries … financial development does not have a linear positive long-run impact on economic growth in this sample. When we consider a non …-linear relationship between financial development and growth, we find an inverted U-shaped relationship between finance and growth in the …
Persistent link: https://www.econbiz.de/10010340261
the relationship between economic growth and income inequalities. The main objective is to understand how the GDP and GNI … economic growth with the market and disposable Gini indexes, the Palma and S80S20 ratios, and the income of the wealthier 10 … possibility to promote GNI per capita increasing policies, which could lead to higher economic growth while minimizing income …
Persistent link: https://www.econbiz.de/10013473321
Patience affects economic growth, no news. This paper investigates the opposite causal relationship, i.e., how growth … depends on economic growth. We test empirically this result using both country-level and individual data and show that …, coherently with the model's prediction, growth has a significant impact on the effort to teach patience. …
Persistent link: https://www.econbiz.de/10013285513
growth. On average, cities recovered their pre-Plague populations within two centuries. In addition, aggregate convergence …
Persistent link: https://www.econbiz.de/10011977143
Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone crisis countries (Greece, Portugal, Ireland, Cyprus, Spain)...
Persistent link: https://www.econbiz.de/10012033212
exchange rate stability have a better explanatory power than the de jure measures in the inflation and growth equations. For … well as a highly significant positive impact of exchange stability on real growth. When sub-dividing the period into a high … stability with higher real growth remains quite robust. Thus our findings can be interpreted to mean that membership of the CEE …
Persistent link: https://www.econbiz.de/10011402440
We estimate the effect of broadband infrastructure, which enables high-speed internet, on economic growth in the panel … 10 percentage-point increase in broadband penetration raises annual per-capita growth by 0.9-1.5 percentage points … telephony and computers. -- broadband ; high-speed internet ; technology diffusion ; economic growth …
Persistent link: https://www.econbiz.de/10003910663
Rethinking the foundations of Heckscher-Ohlin theory when countries have different technologies, this paper shows how to make the proper adjustments for international productivity differences. The central tool is a factor conversion matrix that computes the local factor content of foreign...
Persistent link: https://www.econbiz.de/10003983245