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We provide a comprehensive analysis of the relationship between greenhouse gas (GHG) emissions and GDP in China using … both aggregate and provincial data. The Kuznets elasticity is about 0.6 for China, higher than that in advanced countries … as China has become richer. Further evidence of this comes from provincial data: richer provinces tend to have smaller …
Persistent link: https://www.econbiz.de/10011848267
This paper focuses on the emergence of the economic agency role of government and its relationship with cooperation and economic management. It distinguishes emergence under war, domination or capitulation, perfect cooperation, and strategic bargaining. Good governance is a consequence of...
Persistent link: https://www.econbiz.de/10014403247
This paper presents estimates of the size of the shadow economy in 76 developing, transition, and OECD countries, which are derived by combining figures from different estimation methods. We describe and discuss the strengths and weaknesses of the different estimation methods. We find that the...
Persistent link: https://www.econbiz.de/10014399609
This paper discusses issues to be considered in designing “second generation” reforms. These reforms should focus on improving the capacity of the public sector to implement economic policies. The paper contrasts these reforms with those known as first generation reforms, which essentially...
Persistent link: https://www.econbiz.de/10014399913
This paper seeks to illuminate the uncertainty in official GDP per capita measures using auxiliary data. Using satellite-recorded nighttime lights as an additional measurement of true GDP per capita, we provide a statistical framework, in which the error in official GDP per capita may depend on...
Persistent link: https://www.econbiz.de/10012019789
This paper takes stock of the global economic recovery a decade after the 2008 financial crisis. Output losses after the crisis appear to be persistent, irrespective of whether a country suffered a banking crisis in 2007-08. Sluggish investment was a key channel through which these losses...
Persistent link: https://www.econbiz.de/10012019853
Persistent link: https://www.econbiz.de/10009486254
What are the relative roles of macroeconomic variables, structural policies, and initial conditions in explaining the time path of output in transition and the large observed differences in output performance across transition economies? Using a sample of 26 countries, this paper follows a...
Persistent link: https://www.econbiz.de/10014400551
This paper analyzes the sources of Mexico''s economic growth since the 1960s and compares various decompositions of historical growth into its trend and cyclical components. The role of the implied output gaps in the inflationary process is then assessed. Looking ahead, the paper presents...
Persistent link: https://www.econbiz.de/10014400927
This paper compares the output gap estimates for Mongolia based on a number of different methods. Special attention is paid to the substantial role of mining in the Mongolian economy. We find that a Blanchard and Quah-type joint model of output and inflation provides a more robust estimate of...
Persistent link: https://www.econbiz.de/10014401317