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OPEC members, which lie in the range of 45 to 125 years. For Indonesia, whose share of oil income in GDP has been declining …
Persistent link: https://www.econbiz.de/10009535794
India is a country characterized by a huge informal sector. At the same time, it is a country where the extent of corruption in every sector is remarkably high. Stifling bureaucratic interference and corruption at every stage of economic activities is one of the main reasons behind high...
Persistent link: https://www.econbiz.de/10009234509
The Easterlin Paradox states that at a point in time happiness varies directly with income, both among and within nations, but over time the long-term growth rates of happiness and income are not significantly related. The principal reason for the contradiction is social comparison. At a point...
Persistent link: https://www.econbiz.de/10012372750
target level of GDP is also tested. The results of this dynamic model also support the positive impacts of democracy on …
Persistent link: https://www.econbiz.de/10011704213
components of per capita GDP as regressors. When testing variants of the paradox that apply to groups of countries, we find a … Poland. As the Western and Northern European countries have a high per capita GDP as compared to that of Southern and Eastern … between per capita GDP and life satisfaction over time which is positive for poorer countries, but flat (or negative) for …
Persistent link: https://www.econbiz.de/10011951423
Using panel data from the BHPS and its Understanding Society extension, we study life satisfaction (LS) and income over nearly two decades, for samples split by education, and age - to our knowledge for the first time. The highly educated went from lowest to highest LS, though their average...
Persistent link: https://www.econbiz.de/10011770417
In Europe differences among countries in the overall change in happiness since the early 1980s have been due chiefly to the generosity of welfare state programs - increasing happiness going with increasing generosity and declining happiness with declining generosity. This is the principal...
Persistent link: https://www.econbiz.de/10013502264
significant negative long run association between inflation and real GDP, which is suggestive of economic inefficiencies. Once the …
Persistent link: https://www.econbiz.de/10003909263
economy size and GDP per capita. Our results imply that the shadow economy tends to increase when economic development …
Persistent link: https://www.econbiz.de/10012022432
This article develops a Bayesian approach for estimating panel quantile regression with binary outcomes in the presence of correlated random effects. We construct a working likelihood using an asymmetric Laplace (AL) error distribution and combine it with suitable prior distributions to obtain...
Persistent link: https://www.econbiz.de/10012163022