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Does Openness to International Financial Flows Contribute to Productivity Growth?
Kose, M. Ayhan; Prasad, Eswar S.; Terrones, Marco E. - 2021
productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output … growth, far less attention has been paid to its effects on productivity growth. This paper provides a comprehensive analysis … of the relationship between financial openness and total factor productivity (TFP) growth using an extensive dataset that …
Persistent link: https://www.econbiz.de/10013325040
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Migration Policy, African Population Growth and Global Inequality
Mountford, Andrew - 2014
According to recent UN projections more than 50 percent of the growth in world population over the next half century will be due to population growth in Africa. Given this, any policy that influences African demography will have a significant impact on the world distribution of income. In this...
Persistent link: https://www.econbiz.de/10013050612
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Unemployment and Productivity Growth : An Empirical Analysis within the Augmented Solow Model
Pannenberg, Markus; Bräuninger, Michael - 2021
unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the … traditional Solow model, unemployment has neither an influence on long-run productivity growth nor on the long-run level of … productivity. However, if human capital matters, unemployment has a long-run effect on the level of productivity. Moreover, if we …
Persistent link: https://www.econbiz.de/10013321303
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Economic Growth and Political Integration : Estimating the Benefits from Membership in the European Union Using the Synthetic Counterfactuals Method
Campos, Nauro F. - 2014
counterfactuals method, we estimate how GDP per capita and labour productivity would have behaved for the countries that joined the …
Persistent link: https://www.econbiz.de/10013054567
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Quantifying Optimal Growth Policy
Grossmann, Volker - 2010
The optimal mix of growth policies is derived within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and takes into account transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct...
Persistent link: https://www.econbiz.de/10013141717
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The Unemployment Impact of Product and Labour Market Regulation : Evidence from European Countries
Piton, Céline - 2018
This paper provides robust estimates of the impact of both product and labour market regulations on unemployment using data for 24 European countries over the period 1998-2013. Controlling for country-fixed effects, endogeneity and a large set of covariates, results show that product market...
Persistent link: https://www.econbiz.de/10012915739
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Happiness, Growth, and Public Policy
Easterlin, Richard A. - 2013
If society's goal is to increase people's feelings of well-being, economic growth in itself will not do the job. Full employment and a generous and comprehensive social safety net do increase happiness. Such policies are arguably affordable not only in higher income nations but also in countries...
Persistent link: https://www.econbiz.de/10013085480
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Australia : The Miracle Economy
Junankar, P. N. Raja - 2013
Most of the countries of the OECD are still suffering from the Global Financial Crisis (GFC) (or as the Americans call it the Great Recession), but the Australian economy appears to be powering ahead. It is a miracle economy! Unlike most of the OECD countries, Australia did not even have a...
Persistent link: https://www.econbiz.de/10013077340
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An Empirical Growth Model for Major Oil Exporters
Esfahani, Hadi Salehi - 2012
This paper develops a long-run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the "Dutch disease" and the "resource curse", which primarily focuses on...
Persistent link: https://www.econbiz.de/10013107701
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An Empirical Study of the Relationships Between CO2 Emissions, Economic Growth and Openness
Choi, Eunho - 2014
This paper investigates the existence of the environmental Kuznets curve (EKC) for carbon dioxide (CO2) emissions and its causal relationships with economic growth and openness by using time series data (1971-2006) from China (an emerging market), Korea (a newly industrialized country), and...
Persistent link: https://www.econbiz.de/10013069032