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Institutional responses to aging populations and economic growth : a panel data approach
Emerson, Patrick M.; Knabb, Shawn D.; Sirbu, Anca-Ioana - 2019
responses using panel data for a set of OECD countries during the period 1975-2014. We find evidence that households do in fact …
Persistent link: https://www.econbiz.de/10012099375
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Labor market discrimination and the macroeconomy
Asali, Muhammad; Gurashvili, Rusudan - 2019
larger than the ethnic wage discrimination. In the second estimation stage, these wage discrimination estimates are used in a … general-to-specific vector autoregression framework to test for the Granger causality between discrimination and growth. A … general, negative, bidirectional Granger causality is found between these two variables: in the long-run, discrimination …
Persistent link: https://www.econbiz.de/10011974394
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Growth in the shadows : effect of the shadow economy on U.S. economic growth over more than a century
Goel, Rajeev K.; Saunoris, James W.; Schneider, Friedrich - 2017
This paper provides a long-term view by studying the effect of the underground or shadow economy on economic growth in the Unites States over the period 1870 to 2014. Shadow activities might spur or retard economic growth depending on their interactions with the formal sector and impacts on the...
Persistent link: https://www.econbiz.de/10011641560
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Volatility and growth : governments are key
Jetter, Michael - 2013
volatility is then ambiguous. The paper reveals the underlying endogeneity of government size in a balanced panel of 95 countries …
Persistent link: https://www.econbiz.de/10010228789
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Does wealth inequality matter for growth? : the effect of billionaire wealth, income distribution, and poverty
Bagchi, Sutirtha; Švejnar, Jan - 2013
A fundamental question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in tackling the question, researchers have had to use income as a proxy for wealth. We derive a global measure of wealth inequality from Forbes magazine's listing of billionaires and...
Persistent link: https://www.econbiz.de/10010211159
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What matters for environmental quality in the Next-11 countries : economic growth or income inequality?
Padhan, Hemachandra; Haouas, Ilham; Sahoo, Bhagaban; … - 2018
This study uses 1971-2013 panel data to explore the implications of growth, wealth disparities and energy consumption …
Persistent link: https://www.econbiz.de/10011816704
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Nonlinearity between the shadow economy and level of development
Wu, Dong Frank; Schneider, Friedrich - 2019
This paper is the first attempt to directly explore the long-run nonlinearity of the shadow economy. Using a dataset of 158 countries over the period from 1996 to 2015, our results reveal a robust U-shaped relationship between the shadow economy size and GDP per capita. Our results imply that...
Persistent link: https://www.econbiz.de/10012022432
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Globalization, institutions, and the ethnic divide : recent longitudinal evidence
Wunnava, Phanindra V.; Mitra, Aniruddha; Prasch, Robert E. - 2012
This paper investigates the determinants of economic growth emphasizing the role of institutional quality, social fragmentation, and increasing global integration on recent growth experience. Our longitudinal data consists of 103 countries covering the period 1992-2005. We find that democracies...
Persistent link: https://www.econbiz.de/10009534885
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Democratization, violent social conflicts, and growth
Cervellati, Matteo; Sunde, Uwe - 2011
This paper investigates the empirical role of violent conflicts for the causal effect of democracy on economic growth. Exploiting within-country variation to identify the effect of democratization during the "Third Wave", we find evidence that the effect of democratization is weaker than...
Persistent link: https://www.econbiz.de/10009238580
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Financial development and economic growth : evidence from ten new EU members
Caporale, Guglielmo Maria; Rault, Christophe; Sova, Robert - 2014
relationship between financial development and economic growth in these countries by estimating a dynamic panel model over the …
Persistent link: https://www.econbiz.de/10010398778