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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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Culture, Institutions and the Wealth of Nations
Gorodnichenko, Yuriy - 2010
We construct an endogenous growth model that includes a cultural variable along the dimension of individualism-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with innovation in an individualist culture. This cultural...
Persistent link: https://www.econbiz.de/10013137795
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Regional Convergence in Russia : Estimating a Neoclassical Growth Model
Lehmann, Hartmut - 2020
In this paper, we study convergence in per capita gross regional products across Russian regions in the period from 1996 to 2017. To this purpose, we estimate growth equations, which are directly derived from a neoclassical growth model, augmented with human capital and migration. To our...
Persistent link: https://www.econbiz.de/10012839051
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Spurring Economic Growth through Human Development : Research Results and Guidance for Policymakers
Bloom, David E. - 2020
Education, general health, and reproductive health are key indicators of human development. Investments in these domains can also promote economic growth. This paper argues for the importance of human development related investments based on i) a theoretical economic growth model with poverty...
Persistent link: https://www.econbiz.de/10012840892
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Trends in Hours and Economic Growth
Ngai, Rachel; Pissarides, Christopher A. - 2021
We study long-run trends in market hours of work and employment shifts across economic sectors driven by uneven TFP growth in market and home production. We focus on the substitutions between market and home production and on the structural transformation between agriculture, manufacturing and...
Persistent link: https://www.econbiz.de/10013317253
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Unemployment and Productivity Growth : An Empirical Analysis within the Augmented Solow Model
Pannenberg, Markus; Bräuninger, Michael - 2021
Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a generalised augmented Solow-type growth model, yields some answers to this question. In particular, we show that the impact of unemployment on productivity growth heavily depends...
Persistent link: https://www.econbiz.de/10013321303
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The Rise of the East and the Far East : German Labor Markets and Trade Integration
Dauth, Wolfgang - 2012
We analyze the effects of the unprecedented rise in trade between Germany and "the East" – China and Eastern Europe … and export exposure. We find that the rise of "the East" in the world economy caused substantial job losses in German … regions specialized in import-competing industries, both in manufacturing and beyond. Regions specialized in export …
Persistent link: https://www.econbiz.de/10013104067
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Evolving Wage Cyclicality in Latin America
Gambetti, Luca - 2017
Examines the evolution of the cyclicality of real wages and employment in four Latin American economies: Brazil, Chile …
Persistent link: https://www.econbiz.de/10012959063
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Export-Led Growth after Covid-19 : The Case of Portugal
Naudé, Wim; Cameron, Martin - 2021
particularly vulnerable. In this paper we consider the impact of the pandemic on the country's exports, arguing that an export …-led recovery is possible. The challenge is to identify viable export opportunities: one of the consequences of the COVID-19 … pandemic is to have closed and shrunk export opportunities globally. Despite this we show that there are still significant …
Persistent link: https://www.econbiz.de/10013314943
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Risk, Institutions and Growth : Why England and Not China?
Greif, Avner - 2011
model incorporating England's and China's distinct pre-modern risk-sharing institutions. The model predicts a transition in … England and not China even with equal levels of risk sharing. Under the clan-based Chinese institution, the relatively risk …
Persistent link: https://www.econbiz.de/10013127725