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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

Government Size and Output Volatility : Should We Forsake Automatic Stabilization?

Pisani-Ferry, Jean - 2008

extra stability can be gained by expanding public expenditure beyond 40 percent of GDP …

Persistent link: https://www.econbiz.de/10014409031

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 debt for 178 countries over 1995-2020, we find that the impact of an …

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

The Impact of Public Capital, Human Capital, and Knowledge on Aggregate Output

Joutz, Frederick L. - 2008

in human capital or skill. Using Johansen's (1988 and 1991) multivariate cointegration analysis, we find a positive and …

Persistent link: https://www.econbiz.de/10012677663

Quality of government and living standards : adjusting for the efficiency of public spending

Grigoli, Francesco; Ley, Eduardo - 2012

are not a good approximation for outputs. If taken seriously, the next logical step is to purge from GDP the fraction of …

Persistent link: https://www.econbiz.de/10009620981

Life Expectancy and Income Convergence in the World

Ueda, Kenichi - 2008

There is world-wide convergence in life expectancy, despite little convergence in GDP per capita. If one values longer … among countries. A conventional GDP-based measure remains a good approximation for (non) convergence in world living s …

Persistent link: https://www.econbiz.de/10012677614

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...