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Machine Learning and Causality : The Impact of Financial Crises on Growth
Tiffin, Andrew - 2019
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
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Financial Globalization and Inequality : Capital Flows as a Two-Edged Sword
Eichengreen, Barry; Csonto, Balazs; ElGanainy, Asmaa A; … - 2021
We review the debate on the association of financial globalization with inequality. We show that the within …-market specific - is important for facilitating wider sharing of the benefits of financial globalization …
Persistent link: https://www.econbiz.de/10013243076
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Transforming Non-Renewable Resource Economies (NREs)
Battaile, Bill - 2015
This paper provides an empirical benchmarking of growth, productivity and export patterns for developing NREs against … service export baskets. Technological progress and specialization in trade in services may offer diversification options for …
Persistent link: https://www.econbiz.de/10013015610
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Quality Upgrading and Export Performance in the Asian Growth Miracle
Papageorgiou, Chris - 2020
We explore the contribution of product-quality upgrading to the export performance of six fast-growing Asian economies … changes in these countries' sectoral export shares during 1970-2010. We build a multisector Ricardian trade model which allows … for changes in product quality, and calibrate it to generate predictions about export volumes. Unlike previous literature …
Persistent link: https://www.econbiz.de/10012843384
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Make in India : Which Exports Can Drive the Next Wave of Growth?
Anand, Rahul - 2015
Structural transformation depends not only on how much countries export but also on what they export and with whom they … complexity of the export basket. We identify five priority areas for policies: (1) reduction of trade costs, at and behind the …
Persistent link: https://www.econbiz.de/10013019027
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Product Variety and Economic Growth : Empirical Evidence for the OECD Countries
Funke, Michael - 2021
direct measures of product variety calculated from 6-digit OECD export and import data. Although the issue is still far from …
Persistent link: https://www.econbiz.de/10013317978
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Does Money Matter for U.S. Inflation? Evidence from Bayesian Vars
Berger, Helge - 2008
inflation in the United States. We test for Granger-causality out-of-sample and find, perhaps surprisingly given recent theoretical arguments, that including money growth in simple VAR models of inflation does systematically improve out-of-sample forecasting accuracy. This holds for a long...
Persistent link: https://www.econbiz.de/10012772212
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Energy Subsidies and Public Social Spending : Theory and Evidence
Ebeke, Christian - 2015
This paper shows that high energy subsidies and low public social spending can emerge as an equilibrium outcome of a political game between the elite and the middle-class when the provision of public goods is subject to bottlenecks, reflecting weak domestic institutions. We test this and other...
Persistent link: https://www.econbiz.de/10013021781
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State Institutions and Tax Capacity : An Empirical Investigation of Causality
Akanbi, Olusegun Ayodele - 2019
Would better state institutions increase tax collection, or would higher tax collection help improve state institutions? In the absence of conclusive guidance from theory, this paper searches for an empirical answer to this question, using a panel dataset covering 110 non-resource-rich countries...
Persistent link: https://www.econbiz.de/10012863974
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Exploring the Dynamics of Global Liquidity
Chen, Sally - 2012
This paper explores the concept of global liquidity, its measurement and macro-financial importance. We construct two sets of indicators for global liquidity: a quantity series distinguishing between core and noncore liabilities of financial intermediatires and a corresponding price series....
Persistent link: https://www.econbiz.de/10013098562