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This paper proposes an explicit test for determining the significance and the timing of" slowdowns in economic growth during the postwar period. We examine a large sample of" countries (both industrialized and developing), and find that a majority though not all " exhibit a significant...
Persistent link: https://www.econbiz.de/10013216109
This paper provides evidence on the unit root hypothesis and long-term growth by allowing for two structural breaks. We reject the unit root hypothesis for three-quarters of the countries approximately 50% more rejections than in models that allow for only one break. While about half of the...
Persistent link: https://www.econbiz.de/10013222058
The identification of the effects of climate shocks on economic growth is central to design effective policies aiming at managing the future global climate change challenge. In this study, we investigate the effects of temperature and precipitation shocks on economic growth across different...
Persistent link: https://www.econbiz.de/10013488603
We study the impact of human capital and the level of education on the pollution-income relationship controlling for income inequality in 17 OECD countries. By applying an innovative approach to country grouping, based on the temporal evolution of income inequality and clustering techniques to...
Persistent link: https://www.econbiz.de/10012510015