Showing 1 - 10 of 474
an increase in military spending as a percent of GDP(and a share of total government expenditure). Our estimations reveal …
Persistent link: https://www.econbiz.de/10013002155
.6 percentage point of GDP in countries where energy subsidies were 1 percentage point of GDP higher. Moreover, we find that the …
Persistent link: https://www.econbiz.de/10013021781
This paper evaluates the performance of Consensus Forecasts of GDP growth for industrialized and developing countries …
Persistent link: https://www.econbiz.de/10013212035
What do we know about the output effects of fiscal policy in low income countries (LICs)? There are very few empirical studies on the subject. This paper fills this gap by estimating the output effects of government spending shocks in LICs. Our analysis-based on the local projection method-finds...
Persistent link: https://www.econbiz.de/10012831612
Machine learning tools are well known for their success in prediction. But prediction is not causation, and causal discovery is at the core of most questions concerning economic policy. Recently, however, the literature has focused more on issues of causality. This paper gently introduces some...
Persistent link: https://www.econbiz.de/10012858391
This paper assesses Brazil's growth performance from a long-term perspective, using crosscountry and panel estimation techniques, building on the vast empirical literature on growth. The empirical evidence presented in this paper confirms that macroeconomic stability and several reforms have...
Persistent link: https://www.econbiz.de/10012777952
elasticities on a sample of 72 countries for real GDP and 28 countries for oil GDP over 6 years, I derive oil and non-oil GDP … growth for Yemen. I show that real GDP contracted by a cumulative 24 percent over 2015-17 against 50 percent according to …
Persistent link: https://www.econbiz.de/10012858960
-country variations in countries' real GDP per capita to examine this issue for a large sample of advanced and developing countries. Our … increase in real GDP per capita, on average, reduces the Gini coefficient by around 0.08 percentage points, a result that is …
Persistent link: https://www.econbiz.de/10013050681
In this paper we propose a novel approach to obtain the predictive density of global GDP growth. It hinges upon a … bottom-up probabilistic model that estimates and combines single countries' predictive GDP growth densities, taking into … aggregate individual countries' densities into a world aggregate while preserving the non-i.i.d. nature of the global GDP growth …
Persistent link: https://www.econbiz.de/10012829696
variety relative to the United States helps to explain relative per capita GDP levels. The empirical work relies upon some …
Persistent link: https://www.econbiz.de/10013317978