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Are Unemployment Rates in OECD Countries Stationary? Evidence from Univariate and Panel Unit Root Tests

Khraief, Naceur; Shahbaz, Muhammad; Heshmati, Almas; … - 2015

This paper revisits the dynamics of unemployment rate for 29 OECD countries over the period of 1980-2013. Numerous … empirical studies of the dynamics of unemployment rate are carried out within a linear framework. However, unemployment rate can … time series exhibits nonlinear behaviour. Our empirical findings provide significant evidence in favour of unemployment …

Persistent link: https://www.econbiz.de/10011420751

A Survey of the Role of Fiscal Policy in Addressing Income Inequality, Poverty Reduction and Inclusive Growth

Heshmati, Almas; Kim, Jungsuk - 2014

A growing concern on widening income gap between the rich and the poor, the policy mismatch in tackling the relative poverty and income inequality have invited increasing volumes of research focusing on the nexus between equity and efficient growth. Developed countries have experienced the...

Persistent link: https://www.econbiz.de/10010352313

Returns to Skills around the World: Evidence from PIAAC

Hanushek, Eric A.; Schwerdt, Guido; Wiederhold, Simon; … - 2013

Existing estimates of the labor-market returns to human capital give a distorted picture of the role of skills across different economies. International comparisons of earnings analyses rely almost exclusively on school attainment measures of human capital, and evidence incorporating direct...

Persistent link: https://www.econbiz.de/10010329001

Human Capital Quality and Aggregate Income Differences: Development Accounting for U.S. States

Hanushek, Eric A.; Ruhose, Jens; Woessmann, Ludger - 2015

Although many U.S. state policies presume that human capital is important for state economic development, there is little research linking better education to state incomes. In a complement to international studies of income differences, we investigate the extent to which quality-adjusted...

Persistent link: https://www.econbiz.de/10011307361

Economic Gains for U.S. States from Educational Reform

Hanushek, Eric A.; Ruhose, Jens; Woessmann, Ludger - 2015

There is limited existing evidence justifying the economic case for state education policy. Using newly-developed measures of the human capital of each state that allow for internal migration and foreign immigration, we estimate growth regressions that incorporate worker skills. We find that...

Persistent link: https://www.econbiz.de/10011420726

The Effect of Renewable Energy Development on Carbon Emission Reduction: An Empirical Analysis for the EU-15 Countries

Abolhosseini, Shahrouz; Heshmati, Almas; Altmann, Jörn - 2014

The increased concerns about climate change have made renewable energy sources an important topic of research. Several scholars have applied different methodologies to examine the relationships between energy consumption and economic growth of individual and groups of countries and to analyze...

Persistent link: https://www.econbiz.de/10010333273

Coping with Change: International Differences in the Returns to Skills

Hanushek, Eric A.; Schwerdt, Guido; Wiederhold, Simon; … - 2016

Expanded international data from the PIAAC survey of adult skills allow us to analyze potential sources of the cross-country variation of comparably estimated labor-market returns to skills in a more diverse set of 32 countries. Returns to skills are systematically larger in countries that have...

Persistent link: https://www.econbiz.de/10011559677

Analysis of pay inequality and its impacts on growth and performance in the Korean manufacturing industry

Kim, Yunhee; Lee, Jeong-dong; Heshmati, Almas - 2008

This paper examines the relationship between pay inequality, economic growth, and performance in Korea. Pay inequality is estimated by using Theil's index to identify the factors determining the level of pay inequality, and establish its relationship with economic growth and performance. For the...

Persistent link: https://www.econbiz.de/10010268960

International trade and its effects on economic growth in China

Sun, Peng; Heshmati, Almas - 2010

International trade, as a major factor of openness, has made an increasingly significant contribution to economic growth. Chinese international trade has experienced rapid expansion together with its dramatic economic growth which has made the country to target the world as its market. This...

Persistent link: https://www.econbiz.de/10010274572

Global Universal Basic Skills: Current Deficits and Implications for World Development

Gust, Sarah; Hanushek, Eric A.; Woessmann, Ludger - 2022

How far is the world away from ensuring that every child obtains the basic skills needed to be internationally competitive? And what would accomplishing this mean for world development? Based on the micro data of international and regional achievement tests, we map achievement onto a common...

Persistent link: https://www.econbiz.de/10013470411