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This is the fourth of a series of papers that are being written as part of a larger project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit to which economists have access for studying both own-country and cross-country linkages. In...
Persistent link: https://www.econbiz.de/10012677769
we extend the BMA framework to panel data models where the lagged dependent variable as well as endogenous variables …
Persistent link: https://www.econbiz.de/10012677757
of the world, or because of different factors altogether? To answer this question, we examine determinants of growth …Do growth spells in Africa end because of bad realizations of the same factors that influence growth spells in the rest … spells in Africa and the rest of the world using Bayesian Mode Averaging techniques for proportional hazards models. We …
Persistent link: https://www.econbiz.de/10009622458
We employ a set of sign restrictions on the generalized impulse responses of a Global VARmodel, estimated for 38 countries/regions over the period 1979Q2–2011Q2, to discriminatebetween supply-driven and demand-driven oil-price shocks and to study the time profile oftheir macroeconomic effects...
Persistent link: https://www.econbiz.de/10012690166
Persistent link: https://www.econbiz.de/10013042567
corruption increases the loss of human lives caused by natural disasters, using a large panel of 135 countries during the period … 1980-2020. The econometric analysis provides convincing evidence that corruption increases the number of disaster … corruption in a given country, the greater the number of fatalities as a share of population due to natural disasters. Our …
Persistent link: https://www.econbiz.de/10015059047
and conflict-affected states. To address this limited data availablity, this paper proposes a panel approach that utilizes …
Persistent link: https://www.econbiz.de/10015059362
driver in the strong world demand for minerals and metals over the past decade. The urbanization and industrialization of … China has been an important factor behind the increase in domestic demand and high investment growth, while its export … sector is also an important source of growth and plays a critical role as a catalyst. Activity in infrastructure …
Persistent link: https://www.econbiz.de/10009019591
We investigate the relation between changes in tax composition and long-run economic growth using a new dataset …-income countries. To our knowledge this is the most comprehensive and up-to-date dataset on tax composition and growth. We find that … increasing income taxes while reducing consumption and property taxes is associated with slower growth over the …
Persistent link: https://www.econbiz.de/10009659768
Intro -- Contents -- I. MOTIVATION AND RELATED STUDIES -- II. OUTPUT DROPS -- III. SHOCKS -- IV. MULTIVARIATE PROBIT ANALYSIS -- V. ROBUSTNESS AND EXTENSIONS -- VI. CONCLUSIONS -- APPENDIX TABLES AND FIGURES -- APPENDIX I. HODRICK-PRESCOTT-FILTER BASED DEFINITION OF EVENTS -- APPENDIX II. KERNEL...
Persistent link: https://www.econbiz.de/10012691074