Showing 1 - 10 of 518
activity. The relationship is identified by accounting for varying degrees of measurement errors in nighttime light data across … pandemic, regions with higher levels of development and population density experienced larger declines in economic activity …
Persistent link: https://www.econbiz.de/10014082217
This paper examines the origins and use of the concept of Gross National Happiness (or subjective well-being) in the … national surveys of Gross National Happiness in Bhutan, the concept has been used to guide public policymaking for the country … undertake more frequent Gross National Happiness surveys and evaluations, to better build evidence for comovement of well …
Persistent link: https://www.econbiz.de/10012892900
We apply a range of models to the U.K. data to obtain estimates of the output gap. A structural VAR with an appropriate identification strategy provides improved estimates of output gap with better real time properties and lower sensitivity to temporary shocks than the usual filtering...
Persistent link: https://www.econbiz.de/10012839682
Output gap estimates are subject to a wide range of uncertainty owing to data revisions and the difficulty in distinguishing between cycle and trend in real time. This is important given the central role in monetary policy of assessments of economic activity relative to capacity. We show that...
Persistent link: https://www.econbiz.de/10013027622
Emerging Europe has undergone a major economic transformation over the past 25 years. Most countries experienced initial drops in output during transition, followed by recovery in the second half of the 1990s. The path of transition in the Western Balkans has however been particularly uneven....
Persistent link: https://www.econbiz.de/10012996074
Accounts which incorporates but goes well beyond GDP, can be used for the measurement of these SDGs and to support policy. We … consumption and production and to decouple economic growth (GDP) from environmental degradation while Goal 12 focuses on … sustainable consumption and production. While GDP does not capture these broader goals, we suggest that the System of National …
Persistent link: https://www.econbiz.de/10012924236
We study the macroeconomic consequences of tariffs. We estimate impulse response functions from local projections using a panel of annual data that spans 151 countries over 1963-2014. We find that tariff increases lead, in the medium term, to economically and statistically significant declines...
Persistent link: https://www.econbiz.de/10012892898
This paper analyzes the effects of selected structural reforms on output and employment in the short and medium term. It uses a comprehensive cross-country firm-level dataset covering both advanced and emerging market economies over the period 2003-2014. In line with previous studies, it finds...
Persistent link: https://www.econbiz.de/10012918569
. Investment rises robustly soon after the news arrives, while GDP does not increase until after 5 years. Employment rates fall …
Persistent link: https://www.econbiz.de/10013011202
This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses … results suggest that trade is growing slowly not only because of slow growth of Gross Domestic Product (GDP), but also because … of a structural change in the trade-GDP relationship in recent years. The available evidence suggests that the …
Persistent link: https://www.econbiz.de/10013027665