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Time varying patterns in US growth are analyzed using various univariate model structures, starting from a naive model … conditional variance are specified together with their interaction, including survey data on expected growth in order to … forecasting performance of the various model specifications. The extension of a basic growth model with a constant mean to models …
Persistent link: https://www.econbiz.de/10010399680
, and (iii) productivity and growth, relative to the contributions of the entrepreneurs’ counterparts, i.e., the ‘control … very important-but specific-function in the economy. They engender relatively much employment creation, productivity growth … studies show that entrepreneurial firms produce important spillovers that affect regional employment growth rates of all …
Persistent link: https://www.econbiz.de/10011372984
There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post … remarkable long-running panel data set for rural households in Zimbabwe. We find that risk substantially reduces growth: in the …, the first micro-based estimate of the effect of shocks on growth. About two-thirds of the impact of risk is due to the ex …
Persistent link: https://www.econbiz.de/10011334326
The perpetual inventory method used for the construction of education data per country leads to systematic measurement error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the education level between census data and observations...
Persistent link: https://www.econbiz.de/10011335189
This discussion paper has resulted in a chapter in: (R.U. Ayres, D. Simpson, and M. Toman (eds.)), Scarcity and Growth …
Persistent link: https://www.econbiz.de/10011335230
growth opportunities. Also,higher accountability and lower income inequality are associated with more ef-fective legal …
Persistent link: https://www.econbiz.de/10011338011
In recent years there has been a growing interest in the impact of inequality on economic growth. Both theoretical and … part of the literature that considers inequality detrimental to growth, more recent studies have challenged this result and … found a positive effect of inequality on growth. This paper contributes to the debate by using meta-analytical techniques to …
Persistent link: https://www.econbiz.de/10011349190
Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...
Persistent link: https://www.econbiz.de/10011325967
achieving high output growth. It is argued that due to the forward looking nature of the foreign exchange market, exchange rate …
Persistent link: https://www.econbiz.de/10011325969
This paper puts forward a method to estimate average economic growth, andits associated confidence bounds, which does …
Persistent link: https://www.econbiz.de/10011325976