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Ostry, Jonathan David - 2008

We identify structural breaks in economic growth in 140 countries and use these to define ""growth spells:"" periods of high growth preceded by an upbreak and ending either with a downbreak or with the end of the sample. Growth spells tend to be shorter in African and Latin American countries...

Persistent link: https://www.econbiz.de/10012677563

Income and democracy : Lipset's law revisited

Fayad, Ghada; Bates, Robert H.; Hoeffler, Anke - 2012

We revisit Lipset?s law, which posits a positive and significant relationship between income and democracy. Using … democracy: higher/lower incomes per capita hinder/trigger democratization. Decomposing overall income per capita into its …

Persistent link: https://www.econbiz.de/10009679679

A Model of Sovereign Debt in Democracies

Alichi, Ali - 2008

sovereign debt is to maintain access to international capital markets. However, in a democracy, one generation may choose …

Persistent link: https://www.econbiz.de/10012677458

Geopolitics and International Trade: The Democracy Advantage

Cevik, Serhan - 2024

to the question by analyzing the joint impact of democracy and geopolitical distance between countries with an augmented … distance in determining bilateral trade flows and that democracy fosters international trade and moderates the potential … negative impact of geopolitics. While the impact of democracy and its interaction with geopolitical distance are significant …

Persistent link: https://www.econbiz.de/10015058709

Tax composition and growth : a broad cross-country perspective

Acosta-Ormaechea, Santiago; Yoo, Jiae - 2012

We investigate the relation between changes in tax composition and long-run economic growth using a new dataset covering a broad cross-section of countries with different income levels. We specifically consider 69 countries with at least 20 years of observations on total tax revenue during the...

Persistent link: https://www.econbiz.de/10009659768

Social spending in Korea : can it foster sustainable and inclusive growth?

Elekdaǧ, Selim Ali - 2012

Going forward, Korea faces two closely related challenges: sustaining economic growth against the backdrop of a rapidly aging population and ameliorating income inequality. This paper argues that a gradual increase in social spending could promote more sustainable and inclusive growth in Korea....

Persistent link: https://www.econbiz.de/10009659803

Caribbean growth in an international perspective : the role of tourism and size

Thacker, Nita; Acevedo, Sebastian; Perrelli, Roberto - 2012

After earlier success, growth performance in most Caribbean countries has been disappointing since the early 1990s. With slower growth, output has fallen behind that of relevant comparator countries. This paper analyzes the growth experience of the Caribbean countries from a cross country...

Persistent link: https://www.econbiz.de/10009659894

Too much finance?

Arcand, Jean-Louis L.; Berkes, Enrico; Panizza, Ugo - 2012

This paper examines whether there is a threshold above which financial development no longer has a positive effect on economic growth. We use different empirical approaches to show that there can indeed be ""too much"" finance. In particular, our results suggest that finance starts having a...

Persistent link: https://www.econbiz.de/10009618521

Threshold effects of sovereign debt : evidence from the Caribbean

Greenidge, Kevin C. D.; Craigwell, Roland C.; Thomas, … - 2012

This paper addresses the issue of threshold effects between public debt and economic growth in the Caribbean. The main finding is that there exists a threshold debt to gross domestic product (GDP) ratio of 55-56 percent. Moreover, the debt dynamics begin changing well before this threshold is...

Persistent link: https://www.econbiz.de/10009618534

Public investment, growth, and debt sustainability : putting together the pieces

Buffie, Edward E.; Berg, Andrew; Pattillo, Catherine A.; … - 2012

We develop a model to study the macroeconomic effects of public investment surges in low-income countries, making explicit: (i) the investment-growth linkages; (ii) public external and domestic debt accumulation; (iii) the fiscal policy reactions necessary to ensure debt-sustainability; and (iv)...

Persistent link: https://www.econbiz.de/10009618586

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