Showing 1 - 10 of 64
The existing literature on fiscal policy has mainly employed linear models that found a small fiscal multiplier in developing economies. These findings challenge the importance and effectiveness of fiscal policy for these countries. However, linear models are not capable of distinguishing the...
Persistent link: https://www.econbiz.de/10012389268
We present a meta-regression analysis of the relation between the concentration of carbon dioxide in the atmosphere and changes in global temperature. The relation is captured by "climate sensitivity", which measures the response to a doubling of carbon dioxide concentrations compared to...
Persistent link: https://www.econbiz.de/10011340624
We examine 567 estimates of habit formation from 69 studies published in peer-reviewed journals. In contrast to previous results for most fields of empirical economics, we find no publication bias in the literature. The median estimated strength of habit formation equals 0.4, but the estimates...
Persistent link: https://www.econbiz.de/10011340627
We examine potential selective reporting in the literature on the social cost of carbon (SCC) by conducting a meta-analysis of 809 estimates of the SCC reported in 101 studies. Our results indicate that estimates for which the 95% confidence interval includes zero are less likely to be reported...
Persistent link: https://www.econbiz.de/10011340642
The impact of ICT (information and communication technology) on economic performance has been the subject of academic research for several decades, and despite the remarkable and significant innovation in computer technology, usage, and investments, only a small growth in productivity was...
Persistent link: https://www.econbiz.de/10011340644
In this paper we quantitatively synthesize empirical estimates of the income elasticity of gasoline demand reported in previous studies. The studies cover many countries and report a mean elasticity of 0.28 for the short run and 0.66 for the long run. We show, however, that these mean estimates...
Persistent link: https://www.econbiz.de/10010322215
This paper presents an updated meta-analysis of the effect of currency unions on trade, focusing on the Euro area. Using meta-regression methods such as funnel asymmetry test, evidence for strong publication bias is found. The estimated underlying effect for non-Euro studies reaches about 50%....
Persistent link: https://www.econbiz.de/10010322281
We examine 434 estimates of the individual discount rate reported in 27 published studies. The estimates vary substantially across studies with reported mean at the value of 0.4. We detect presence of selective reporting in the discounting literature using a meta-analytical methods. Our results...
Persistent link: https://www.econbiz.de/10012063485
A key parameter in international economics is the elasticity of substitution between domestic and foreign goods, also called the Armington elasticity. Yet estimates vary widely. We collect 3,524 reported estimates of the elasticity, construct 34 variables that reflect the context in which...
Persistent link: https://www.econbiz.de/10012063504
In the face of wars and a geopolitically challenging environment, military expenditures have once again become political focal points in developed countries. However, the scientific literature remains inconclusive regarding their impact on economic growth. This paper conducts a meticulous...
Persistent link: https://www.econbiz.de/10014577260