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Product Variety and Economic Growth : Empirical Evidence for the Oecd Countries

Funke, Michael - 2000

direct measures of product variety calculated from 6-digit OECD export and import data. Although the issue is still far from …

Persistent link: https://www.econbiz.de/10014399925

Effective trade costs and the current account : an empirical analysis

Boz, Emine; Li, Nan; Zhang, Hongrui - 2019

A view receiving increased support is that the height of trade costs in prime export sectors has a strong effect on …

Persistent link: https://www.econbiz.de/10012001519

Reexamining the national savings-investment nexus across time and countries

David, Antonio C.; Gonçalves, Carlos Eduardo Soares; … - 2020

Domestic savings and investment are positively correlated across countries and through time, as Feldstein-Horioka (FH … relationship is causal: an exogenous rise in savings increases investment. This result holds in the full sample of countries and … not total investment directly. Specifically, we use the share of adults in the [35-49] years of age bracket as an …

Persistent link: https://www.econbiz.de/10012299319

Developing Countries and the Feldstein-Horioka Puzzle

Wacziarg, Romain - 1998

The previous literature points to a high correlation between domestic rates of investment and savings among OECD … investment on the rate of domestic savings is statistically insignificant most of the time and generally smaller than 0.3 for any …

Persistent link: https://www.econbiz.de/10014400839

The Feldstein-Horioka Test of International Capital Mobility : Is it Feasible?

Jansen, W. J. - 1996

Feldstein and Horioka (1980) argued that the correlation of saving and investment in a cross-section of countries may … investment should be cointegrated over time. Simulations show that the cross-section regressions used in the literature will …

Persistent link: https://www.econbiz.de/10014398034

What determines government spending multipliers?

Corsetti, Giancarlo; Meier, André; Müller, Gernot J. - 2012

This paper studies how the effects of government spending vary with the economic environment. Using a panel of OECD countries, we identify fiscal shocks as residuals from an estimated spending rule and trace their macroeconomic impact under different conditions regarding the exchange rate...

Persistent link: https://www.econbiz.de/10009618568

A fiscal job? : an analysis of fiscal policy and the labor market

Bova, Elva; Kolerus, Christina Elisabeth; Tapsoba, … - 2014

Persistent link: https://www.econbiz.de/10010479423

Does fiscal policy affect interest rates? : evidence from a factor-augmented panel

Dell'Erba, Salvatore; Sola, Sergio - 2013

This paper reconsiders the effects of fiscal policy on long-term interest rates employing a Factor Augmented Panel (FAP) to control for the presence of common unobservable factors. We construct a real-time dataset of macroeconomic and fiscal variables for a panel of OECD countries for the period...

Persistent link: https://www.econbiz.de/10012667561

Non-linearities in fiscal policy : the role of debt

Fotiou, Alexandra - 2020

Empirical evidence shows that fiscal multipliers depend on the state of the cycle, the nature of fiscal policy and the level of debt. In other words, evidence points to non-linearities in the effects of fiscal policy. This paper provides a framework to examine the role of the level of government...

Persistent link: https://www.econbiz.de/10012392585

Assessing Fiscal Sustainability : A Cross Country Comparison

Croce, Enzo - 2003

To monitor fiscal sustainability, this paper proposes a recursive algorithm derived from the law of motion of the debt-to-GDP ratio, subject to a government reaction function that links convergence to the targeted debt ratio with primary fiscal surpluses. Based on quarterly estimates of this...

Persistent link: https://www.econbiz.de/10014400141