This paper surveys the theoretical and empirical literature on the relationship between taxation and public expenditure … and economic growth. Particular attention is paid to the effect of taxation and government expenditure on the supply and …

elasticities on a sample of 72 countries for real GDP and 28 countries for oil GDP over 6 years, I derive oil and non-oil GDP … growth for Yemen. I show that real GDP contracted by a cumulative 24 percent over 2015-17 against 50 percent according to …

In this paper we propose a novel approach to obtain the predictive density of global GDP growth. It hinges upon a … bottom-up probabilistic model that estimates and combines single countries' predictive GDP growth densities, taking into … individual countries' densities into a world aggregate while preserving the non-i.i.d. nature of the global GDP growth …

-shaped relationship between the shadow economy size and GDP per capita. Our results imply that the shadow economy tends to increase when …

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 the country's statistical capacity and the relationship between …

This paper investigates the sensitivity of Latin American GDP growth to external developments using a Bayesian VAR … Latin American variables. It finds that 50 to 60 percent of the variation in Latin American GDP growth is accounted for by …