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Interpreting productivity growth in the new economy : some agnostic notes

Gundlach, Erich - 2001

The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However, the size of the estimated growth rate of total...

Persistent link: https://www.econbiz.de/10011477079

Do real exchange rate appreciations matter for growth?

Bussière, Matthieu; Lopez, Claude; Tille, Cédric - 2014

While the impact of exchange rate changes on economic growth has long been an issue of key importance in international macroeconomics, it has received renewed attention in recent years, owing to weaker growth rates and the debate on "currency wars". However, in spite of its prevalence in the...

Persistent link: https://www.econbiz.de/10010348280

Poolability and the finance-growth nexus : a cautionary note

Schiavo, Stefano (contributor); Vaona, Andrea (contributor) - 2006

The present contribution tests whether countries can be pooled when studying the financegrowth nexus. Overall, our results point toward a ‘pragmatic’ positive answer, though considerable heterogeneity is present among developing countries.

Persistent link: https://www.econbiz.de/10003380206

Regional evidence on the finance-growth Nexus

Vaona, Andrea (contributor) - 2006

The Finance-Growth Nexus is a classical source of debate among economists. This contribution offers regional evidence on this issue in order to see if it can meet the data within a 140 years old economic union -- Italy -, in the ideal context for its main competitor - New Economic Geography -...

Persistent link: https://www.econbiz.de/10003347559

The primacy of institutions reconsidered : the effects of malaria prevalence in the empirics of development

Carstensen, Kai; Gundlach, Erich - 2005 - Revised, August 2005

Some recent empirical studies deny any direct performance effects of measures of geography and conclude that institutions trump all other potential determinants of development. For given effects of institutional quality, our empirical results indicate quantitatively important direct negative...

Persistent link: https://www.econbiz.de/10011415290

Low social mobility in Bolivia : causes and consequences for development

Andersen, Lykke E. - 2001

This paper investigates social mobility in Bolivia and discusses its implications for poverty reduction and long-run growth. Regressions based on household survey data show that social mobility is very low in Bolivia, even by Latin American standards. This is mainly caused by an inadequate...

Persistent link: https://www.econbiz.de/10011473897

The scope of government and its impact on economic growth in OECD countries

Heitger, Bernhard - 2001

?2000. The underlying idea is that government expenditures on public goods basically have a positive effect on growth, but this … growth effect tends to decline or even reverse when government is overdoing, e.g. by increasing expenditures in such a way … this hypothesis: Total government expenditures as well as expenditures by type indicate a significant negative impact on …

Persistent link: https://www.econbiz.de/10011474188

The "employment intensity" of growth in Europe

Döpke, Jörg - 2001

The paper elaborates on the employment intensity of growth. Previous evidence regarding this question is surveyed. Empirical results concerning Europe and selected other industrial countries reveal that the cyclical link between unemployment and growth is still stable in the nineties. However,...

Persistent link: https://www.econbiz.de/10011474618

Stock market wealth, private saving, and the current account in the United States : should we worry?

Strauß, Hubert - 1999

The paper investigates by means of cointegration analysis whether the recently observed low levels of private saving and the current account balance in the United States are worrisome in the sense that they cannot be sufficiently explained by determinants which performed well in the past. Stock...

Persistent link: https://www.econbiz.de/10011475984

Saudi Arabia's growth and financial spillovers to other GCC countries : an empirical analysis

Adedeji, Olumuyiwa S.; Shahid, Sohaib; Zhu, Ling - 2018

This paper examines real and financial linkages between Saudi Arabia and other GCC countries. Growth spillovers from Saudi Arabia to Bahrain are found to be sizeable and statistically significant, but those to other GCC countries are not found to be significant. Equity market movements in Saudi...

Persistent link: https://www.econbiz.de/10011978646