This paper investigates the impact of natural disasters on the long-term macroeconomic performance of a country. More specifically, we want to see whether the impact of natural disasters on economic growth is uniform across countries or it is differentiated according to the macroeconomic policy...

In this paper, we present an algorithm for Censored Quantile Regression (CQR) estimation problems. Our method permits CQR estimation problems to be solved more efficiently and reliably than was hitherto possible. It guarantees to find a high quality estimator in O(k×n²) operations with k...

In this paper, we present an algorithm for Censored Quantile Regression (CQR) estimation problems. Our method permits CQR estimation problems to be solved more efficiently and reliably than was hitherto possible. It guarantees to find a high quality estimator in O(k×n²) operations with k...

Using nonparametric estimation techniques we find that, in contrast to recent research, the finance-growth relationship is linear when the previously documented nonlinearity between initial per capita income, human capital and economic growth is taken into account.

We uncover evidence of substantial heterogeneity in the growth experience of countries using a structural threshold regression methodology. Our findings suggest that studies that seek to promote mono-causal explanations in the institutions versus geography debate in growth are potentially misleading

Within a semiparametric framework we propose a test of shape invariance of Engel curves, which is a necessary condition for base independence. Using Canadian family expenditure data for 1996 we reject shape invariance for the fuel and clothing share equations.

Within a semiparametric framework we propose a test of shape invariance of Engel curves, which is a necessary condition for base independence. Using Canadian family expenditure data for 1996 we reject shape invariance for the fuel and clothing share equations.

Using nonparametric estimation techniques we find that, in contrast to recent research, the finance-growth relationship is linear when the previously documented nonlinearity between initial per capita income, human capital and economic growth is taken into account.