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The Long-Run Effects of Tradeon Income and Income Growth
Brunner, Allan D. - 2003
This paper examines the dynamic relationship between trade and income. While most economists agree that increased trade … leads to an increase in average income, economic theory is ambiguous about the possible effects on the long-run growth rate … of the economy. Using a dynamic panel data model, the hypotheses of no long-run effects of trade on income and on income …
Persistent link: https://www.econbiz.de/10014404012
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Nonlinearity between the shadow economy and level of development
Wu, Dong; Schneider, Friedrich - 2019
This paper is the first attempt to directly explore the long-run nonlinear relationship between the shadow economy and level of development. Using a dataset of 158 countries over the period from 1996 to 2015, our results reveal a robust U-shaped relationship between the shadow economy size and...
Persistent link: https://www.econbiz.de/10012009455
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Aggregation of Economic Indicators Across Countries : Exchange Rate versus PPP Based GDP Weights
Schulze-Gattas, Marianne - 1992
Relative GDP shares are frequently used as weights in aggregations. In order to ensure that these weights reflect countries’ shares in real output, GDP data in national currencies should be converted into a common numeraire currency at purchasing power parity (PPP) rates. A review of the...
Persistent link: https://www.econbiz.de/10014398543
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How Can Burundi Raise its Growth Rate? : The Impact of Civil Conflicts and State Interventionon Burundi'S Growth Performance
Basdevant, Olivier - 2009
Over the last thirty years Burundi''s low economic growth has led to a significant decline in per capita GDP. The purpose of this paper is to shed light on supply-side constraints that prevented Burundi''s economy from growing faster. Lack of investment, civil conflict, economic inefficiencies,...
Persistent link: https://www.econbiz.de/10014404284
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Implications of Migrationon Income and Welfare of Nationals
Ueda, Kenichi - 2002
As labor has become more mobile in today''s world, it is important to understand the income and welfare of nationals … migration, and calculates them using New Zealand data. Growth performance measured by New Zealanders'' income has been clearly …
Persistent link: https://www.econbiz.de/10014399727
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Exploring the output effect of fiscal policy shocks in low income countries
Honda, Jiro; Miyamoto, Hiroaki; Taniguchi, Mina - 2020
What do we know about the output effects of fiscal policy in low income countries (LICs)? There are very few empirical … statistically significant output effect under floating exchange rate regimes. For the estimation of the output effects of fiscal …
Persistent link: https://www.econbiz.de/10012252736
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Neglected Heterogeneity and Dynamics in Cross-Country Savings Regressions
International Monetary Fund - 1999
rates in the industrial countries in the post-World War II period …
Persistent link: https://www.econbiz.de/10014400163
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Gdp Growth, Potential Output, and Output Gaps in Mexico
Faal, Ebrima - 2005
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
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Product Variety and Economic Growth : Empirical Evidence for the Oecd Countries
Funke, Michael - 2000
correlated with relative per capita income levels …
Persistent link: https://www.econbiz.de/10014399925
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Precautionary savings and global imbalances in world general equilibrium
Sandri, Damiano - 2011
Persistent link: https://www.econbiz.de/10009425659