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Okun in the Euro: New Evidence from Structural Okun Law's Estimates for the Euro Area, 1979-2019

Campos, Nauro - 2024

This paper provides new estimates of Okun's unemployment-output relationship in euro area countries between 1979 and … characterise the literature and that the responsiveness of output to unemployment is driven by idiosyncratic factors in both euro …

Persistent link: https://www.econbiz.de/10015328521

The Myth of Post-Reform Income Stagnation

Carvalho Filho, Irineu E. - 2008

Economic policies are often judged by a handful of statistics, some of which may be biased during periods of change. We estimate the income growth implied by the evolution of food demand and durable good ownership in post-reform Brazil and Mexico, and find that changes in consumption patterns...

Persistent link: https://www.econbiz.de/10012677643

How Can Burundi Raise Its Growth Rate?The Impact of Civil Conflicts and State Intervention on Burundi's Growth Performance

Basdevant, Olivier - 2009

Over the last thirty years Burundi's low economic growth has led to a significant decline in per capita GDP. The purpose of this paper is to shed light on supply-side constraints that prevented Burundi's economy from growing faster. Lack of investment, civil conflict, economic inefficiencies,...

Persistent link: https://www.econbiz.de/10012677702

Growth and Productivity in Papua New Guinea.

Faal, Ebrima - 2006

Intro -- Contents -- I. INTRODUCTION -- II. STRUCTURE OF THE ECONOMY -- III. TRENDS IN GDP AND PER CAPITA GDP GROWTH -- IV. GROWTH ACCOUNTING AND TOTAL FACTOR PRODUCTIVITY -- V. IMPLICATIONS FOR MEDIUM-TERM GROWTH -- VI. DETERMINANTS OF PRODUCTIVITY IN PAPUA NEW GUINEA -- VII. SUMMARY AND...

Persistent link: https://www.econbiz.de/10012691125

Reassessing GDP Growth in Countries with Statistical Shortcomings - A Case Study on Turkmenistan

Gogoberishvili, Levan - 2023

Reliable national accounts are essential for proper economic analyses and informed policymaking by national authorities as well as other stakeholders. Nevertheless, in many countries, national accounts statistics are subject to serious shortcomings, which are often manifested as overestimated...

Persistent link: https://www.econbiz.de/10015059057

Measuring Quarterly Economic Growth from Outer Space

Beyer, Robert - 2022

This paper presents a novel framework to estimate the elasticity between nighttime lights and quarterly economic activity. The relationship is identified by accounting for varying degrees of measurement errors in nighttime light data across countries. The estimated elasticity is 1.55 for...

Persistent link: https://www.econbiz.de/10015060380

Public Debt and Real GDP: Revisiting the Impact

de Soyres, Constance - 2022

This paper provides new empirical evidence of the impact of an unanticipated change in public debt on real GDP. Using public debt forecast errors, we identify exogenous changes in public debt to assess the impact of a change in the debt to GDP ratio on real GDP. By analyzing data on gross public...

Persistent link: https://www.econbiz.de/10015060462

What Caused the Beveridge Curve to Shift Higher in the United States During the Pandemic?

Kindberg-Hanlon, Gene - 2024

2022, vacancies reached record highs across all sectors while unemployment fell to pre-pandemic lows. At the same time, the …

Persistent link: https://www.econbiz.de/10015058791

A New Claims-Based Unemployment Dataset: Application to Postwar Recoveries Across U.S. States

Fieldhouse, Andrew - 2022

Using newly digitized unemployment insurance claims data we construct a historical monthly unemployment series for U …-level unemployment data, which are only available from January 1976 onwards, and capture consistent patterns in the business cycle. We … use our claims-based unemployment series to examine the evolving pace of post-war unemployment recoveries at the state …

Persistent link: https://www.econbiz.de/10015060362

Public debt dynamics : the effects of austerity, inflation, and growth shocks

Chérif, Réda; Hasanov, Fuad - 2012

We study how macroeconomic shocks affect U.S. public debt dynamics using a VAR with debt feedback. Following a fiscal austerity shock, the debt ratio initially declines and then returns to its pre-shock path. Yet, the effect is not statistically significant. In a weak economic environment, the...

Persistent link: https://www.econbiz.de/10009622446