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What Makes Growth Sustained?
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
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New Evidence on Fiscal Adjustment and Growth in Transition Economies.
Simone, Alejandro - 2006
Intro -- Contents -- I. INTRODUCTION -- II. EMPIRICAL METHODOLOGY AND SAMPLE -- III. GROWTH AND FISCAL ADJUSTMENT IN TRANSITION COUNTRIES: SOME STYLIZED FACTS -- IV. ECONOMETRIC MODEL RESULTS -- V. QUALITATIVE ANALYSIS OF COUNTRY EXPERIENCES -- VI. CONCLUSIONS -- References.
Persistent link: https://www.econbiz.de/10012691096
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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
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Political Institutions and Output Collapses
Imam, Patrick - 2023
Major output collapses are costly and frequent in the developing world. Using cross-country data, we classify five … states. We find that growth is more likely to be sustained under democracy than under autocracy; output collapses are more …
Persistent link: https://www.econbiz.de/10015059959
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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
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Convergence in Emerging Europe
Vamvakidis, Athanasios - 2008
The emerging European economies have been converging rapidly towards the more advanced European economies in recent years. However, large external imbalances in parts of the region have raised questions about sustainability and concerns about vulnerabilities. Empirical evidence in this paper...
Persistent link: https://www.econbiz.de/10012677624
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Breaking the curse of Sisyphus : an empirical analysis of post-conflict economic transitions
Cevik, Serhan; Rahmati, Mohammad - 2013
world during the period 1960?2010, using a dynamic panel estimation approach based on the system-generalized method of …
Persistent link: https://www.econbiz.de/10009706767
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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
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The Elusive Quest for Inclusive Growth : Growth, Poverty, and Inequality in Asia
Balakrishnan, Ravi - 2013
This paper assesses how pro-poor and inclusive Asia's recent growth has been, and what factors have been driving these outcomes. It finds that while poverty has fallen across the region over the last two decades, inequality has increased, dampening the impact of growth on poverty reduction. As a...
Persistent link: https://www.econbiz.de/10014409435
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Innocent bystanders? : monetary policy and inequality in the U.S.
Coibion, Olivier; Gorodnichenko, Yuriy; Küng, Lorenz; … - 2012
We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures....
Persistent link: https://www.econbiz.de/10009621686