(GDP) provide mixed evidence and have generated much debate. We show that to get a clear picture of decoupling it is … real GDP) that often obscures the trend relationship between emissions and real GDP. We show that, once the cyclical … between trend emissions and trend GDP, and for both production- and consumption-based emissions …

-income countries). Using dynamic panel GMM estimators, we find that a reallocation involving a rise in education spending has a …

(Bernanke 2007, Plosser 2007). We test this claim using panel data on sectoral growth for 22 manufacturing industries for 36 …

This paper uses panel data for 19 OECD countries and finds support for the hypothesis that a greater degree of product … variety relative to the United States helps to explain relative per capita GDP levels. The empirical work relies upon some …

individual countries' densities into a world aggregate while preserving the non-i.i.d. nature of the global GDP growth …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 …

-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 …

the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods … from 1960 to 2004, we find that higher degrees of political instability are associated with lower growth rates of GDP per …