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of the world, or because of different factors altogether? To answer this question, we examine determinants of growth … spells in Africa and the rest of the world using Bayesian Mode Averaging techniques for proportional hazards models. We …
Persistent link: https://www.econbiz.de/10009622458
of the world, or because of different factors altogether? To answer this question, we examine determinants of growth … spells in Africa and the rest of the world using Bayesian Mode Averaging techniques for proportional hazards models. We … from those in the rest of the world. The majority of the identified robust determinants have a distinct impact in only one …
Persistent link: https://www.econbiz.de/10014395711
2007. A variancedecomposition shows that world GDP growth and government spending are the most importantfactors, explaining … impact on Colombian GDP growth of a substantial downturn in world GDP growthwould be non-negligible but still a mild decline …
Persistent link: https://www.econbiz.de/10014401643
This paper revisits the cross-country growth empirics debate using a novel Limited Information Bayesian Model Averaging framework to address model uncertainty in the context of a dynamic growth model in panel data with endogenous regressors. Our empirical findings suggest that once model...
Persistent link: https://www.econbiz.de/10014402072
This paper documents the determinants of real oil price in the global market based on SVAR model embedding transitory and permanent shocks on oil demand and supply as well as speculative disturbances. We find evidence of significant differences in the propagation mechanisms of transitory versus...
Persistent link: https://www.econbiz.de/10012251290
This is the fourth of a series of papers that are being written as part of a larger project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit to which economists have access for studying both own-country and cross-country linkages. In...
Persistent link: https://www.econbiz.de/10014402506
Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic growth, income distribution, and poverty. In this...
Persistent link: https://www.econbiz.de/10012612328
Not anytime soon. Using a novel dataset covering 127 countries and spanning two centuries, we find evidence for an energy Kuznets curve, with an initial decline of energy demand at low levels of per capita income followed by stages of acceleration and then saturation at high-income levels....
Persistent link: https://www.econbiz.de/10012392616
The past two decades have seen a rapid increase in interest in financial inclusion, both from policymakers and researchers. This paper surveys the main findings from the literature, documenting the trends over time and gaps that have arisen across regions, income levels, and gender, among...
Persistent link: https://www.econbiz.de/10012300650
We study the channels that theoretically transmit the effects of inequality to economic growth, unlike much of the existing literature that focuses on the direct linkage. The role of inequality in these transmission channels is difficult to pin down and varies with the particular inequality...
Persistent link: https://www.econbiz.de/10012301883