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common component, we find evidence for a "world business cycle" as well as evidence for a distinct European common component …
Persistent link: https://www.econbiz.de/10011411238
We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...
Persistent link: https://www.econbiz.de/10012178610
This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups - industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose...
Persistent link: https://www.econbiz.de/10003693703
success in modern war. Based on a reduced form approach we consider key elements of military theory as factors in the …
Persistent link: https://www.econbiz.de/10011411277
perception of economic well-being, possibly influenced by such tactics, predicts war and peace onset. Using unique data … bracketing the onset of the Nepalese Civil War, we find that higher levels of perceived income adequacy are associated with later … war onset during periods of rebel recruitment, and with earlier peace onset in general. These results hold regardless of …
Persistent link: https://www.econbiz.de/10012120621
variables. This study draws on conflict variables from the Correlates of War (COW) project to ask a critical question: How do … different types of conflict affect country growth rates? It finds that wars slow the economy. Estimates indicate that civil war …-democracies, low income countries, and countries in Africa. -- Economic growth ; war ; conflict …
Persistent link: https://www.econbiz.de/10003940441
focus on World Bank's Living Standard Measurement Surveys (LSMS), and propose suggestions on how to improve questionnaires … affect the welfare characteristics and choices of individuals and households in conflict areas. -- conflict ; violence ; war …
Persistent link: https://www.econbiz.de/10008688854
focused on the other direction. We use cross-country panel data for the time period 1960-2005 to estimate war-related changes … in income inequality. Our results indicate rising levels of inequality during war and especially in the early period of … post-war reconstruction. However, we find that this rise in income inequality is not permanent. While inequality peaks …
Persistent link: https://www.econbiz.de/10003975352
Many episodes of extension of franchise in the 19th and especially in the 20th century occurred during or in the aftermath of major wars. Motivated by this fact, we offer a theory of political transitions which focuses on the impact of international conflicts on domestic political institutions....
Persistent link: https://www.econbiz.de/10003688773
We argue that one major cause of the U.S. postwar baby boom was the increased demand for female labor during World War …. -- Fertility ; baby boom ; World War II ; female labor-force participation … the one experienced by American women during wartime mobilization. For the war generation, the shock leads to a persistent …
Persistent link: https://www.econbiz.de/10003679392