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Immigration, growth and unemployment : panel VAR evidence from OECD countries
Boubtane, Ekrame; Coulibaly, Dramane; Rault, Christophe - 2013
This paper examines empirically the interaction between immigration and host country economic conditions. We employ panel VAR techniques to use a large annual dataset on 22 OECD countries over the period 1987-2009. The VAR approach allows to addresses the endogeneity problem by allowing the...
Persistent link: https://www.econbiz.de/10009766677
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Okun in the euro : new evidence from structural Okun law’s estimates for the euro area, 1979-2019
Campos, Nauro; Macchiarelli, Corrado; Mitropoulos, Fotios - 2024
This paper provides new estimates of Okun’s unemployment-output relationship in euro area countries between 1979 and 2019. We find our structural estimates are stable but substantially lower than the reduced-form estimates that tend to characterise the literature and that the responsiveness of...
Persistent link: https://www.econbiz.de/10015052585
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(Re-)distribution of personal incomes, education and economic performance across countries
Rehme, Günther - 2002
partly to the redistributive effect of education spending. In the model income inequality and growth depend in an inverted U … requires more resources, which lowers pre-tax and post-tax income inequality as well as growth. Using consistently defined … income data from the Luxembourg Income Study suggests that there is a negative relationship between growth and income …
Persistent link: https://www.econbiz.de/10011409838
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The euro area government spending multiplier in demand- and supply-driven recessions
Di Serio, Mario; Fragetta, Matteo; Gasteiger, Emanuel; … - 2022
We estimate government spending multipliers in demand- and supply-driven recessions for the Euro Area. Multipliers in a moderately demand-driven recession are 2-3 times larger than in a moderately supply-driven recession, with the difference between multipliers being non-zero with very high...
Persistent link: https://www.econbiz.de/10013174156
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Nontradable goods and fiscal multipliers
Crespo Cuaresma, Jesús; Glocker, Christian - 2020
We assess the role that nontradable goods play as a determinant of fiscal spending multipliers, making use of a two-sector model. While fiscal multipliers increase with the share of nontradable goods, an inverted U-shaped relationship exists between multiplier size and the import share....
Persistent link: https://www.econbiz.de/10012270412
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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 … an endogenous growth model with partisan electoral effects, we demonstrate that political uncertainty will generate a … steady-state equilibrium growth rate which is inefficient and too low. We also use a newly-constructed political data set to …
Persistent link: https://www.econbiz.de/10009781587
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The globalisation-welfare state nexus : evidence from Asia
Potrafke, Niklas - 2018
How globalisation influences social expenditure has been examined for industrialized countries. Globalisation has often been shown to be positively associated with social expenditure in established industrialized countries, a finding that corroborates the compensation hypothesis. Scholars have...
Persistent link: https://www.econbiz.de/10011927944
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Income inequality, voting over the size of public consumption, and growth
Grossmann, Volker - 2002
equilibrium. In addition to a static voting model, an endogenous growth model is analyzed to examine the role of saving decisions …
Persistent link: https://www.econbiz.de/10011409989
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Trade openness and income inequality : new empirical evidence
Dorn, Florian; Fuest, Clemens; Potrafke, Niklas - 2021
We examine how trade openness influences income inequality within countries. The sample includes 139 countries over the period 1970-2014. We employ predicted openness as instrument to deal with the endogeneity of trade openness. The effect of trade openness on income inequality differs across...
Persistent link: https://www.econbiz.de/10012599018
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Globalization and income inequality revisited
Dorn, Florian; Fuest, Clemens; Potrafke, Niklas - 2018
This paper re-examines the link between globalization and income inequality. We use data for 140 countries over the period 1970-2014 and employ an IV approach to deal with the endogeneity of globalization measures. We find that the link between globalization and income inequality differs across...
Persistent link: https://www.econbiz.de/10011789164