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Social capital, innovation and growth: evidence from Europe
Akçomak, I. Semih; ter Weel, Bas - 2008
This paper investigates the interplay between social capital, innovation and per capita income growth in the European … Union. We model and identify innovation as an important mechanism that transforms social capital into higher income levels …. In an empirical investigation of 102 European regions in the period 1990-2002, we show that higher innovation performance …
Persistent link: https://www.econbiz.de/10010277206
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A Pair-Wise Approach to Testing for Output and Growth Convergence
Pesaran, Mohammad Hashem - 2004
to output series in the Penn World Tables over 1950-2000, as well as to Maddion?s historical series over 1870 …
Persistent link: https://www.econbiz.de/10010276183
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Subjective Well-Being and Income: Is There Any Evidence of Satiation?
Stevenson, Betsey; Wolfers, Justin - 2013
Many scholars have argued that once basic needs have been met, higher income is no longer associated with higher in subjective well-being. We assess the validity of this claim in comparisons of both rich and poor countries, and also of rich and poor people within a country. Analyzing multiple...
Persistent link: https://www.econbiz.de/10010319466
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Culture, institutions and the wealth of nations
Gorodnichenko, Yuriy; Roland, Gerard - 2010
-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 effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …
Persistent link: https://www.econbiz.de/10010274699
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International capital market integration, educational choice and economic growth
Egger, Hartmut; Egger, Peter; Falkinger, Josef; … - 2005
This paper examines the impact of capital market integration (CMI) on higher education and economic growth. We take into account that participation in higher education is non-compulsory and depends on individual choice. Integration increases (decreases) the incentives to participate in higher...
Persistent link: https://www.econbiz.de/10010267663
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Economic growth and subjective well-being: reassessing the easterlin paradox
Stevenson, Betsey; Wolfers, Justin - 2008
The Easterlin paradox suggests that there is no link between a society's economic development and its average level of happiness. We re-assess this paradox analyzing multiple rich datasets spanning many decades. Using recent data on a broader array of countries, we establish a clear positive...
Persistent link: https://www.econbiz.de/10010268822
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Happiness and growth the world over: time series evidence on the happiness-income paradox
Easterlin, Richard A.; Angelescu, Laura - 2009
There is no significant relationship between the improvement in happiness and the long term rate of growth of GDP per capita. This is true for three groups of countries analyzed separately - 17 developed, 9 developing, and 11 transition - and also for the 37 countries taken together. Time series...
Persistent link: https://www.econbiz.de/10010269194
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Do output contractions trigger democratic change?
Burke, Paul J.; Leigh, Andrew - 2010
Does faster economic growth increase pressure for democratic change, or reduce it? Using data for 154 countries for the period 1963-2007, we examine the short-run relationship between economic growth and moves toward and away from greater democracy. To address the potential endogeneity of...
Persistent link: https://www.econbiz.de/10010269675
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Does conflict disrupt growth? Evidence of the relationship between political instability and national economic performance
Polachek, Solomon W.; Sevastianova, Daria - 2010
Current empirical growth models limit the determinants of country growth to geographic, economic, and institutional variables. This study draws on conflict variables from the Correlates of War (COW) project to ask a critical question: How do different types of conflict affect country growth...
Persistent link: https://www.econbiz.de/10010269690
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Do better schools lead to more growth? Cognitive skills, economic outcomes, and causation
Hanushek, Eric Alan; Woessmann, Ludger - 2009
We investigate whether a causal interpretation of the robust association between cognitive skills and economic growth is appropriate and whether cross-country evidence supports a case for the economic benefits of effective school policy. We develop a new common metric that allows tracking...
Persistent link: https://www.econbiz.de/10010274179