Showing 1 - 10 of 1,821
and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one …
Persistent link: https://www.econbiz.de/10010262571
We construct an endogenous growth model that includes a cultural variable along the dimension of individualism … 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
We investigate whether a causal interpretation of the robust association between cognitive skills and economic growth …-country distribution. Extensive sensitivity analyses of cross-country growth regressions generate remarkably stable results across … specifications, time periods, and country samples. In addressing causality, we find, first, significant growth effects of cognitive …
Persistent link: https://www.econbiz.de/10010274179
China has achieved impressive growth over the last three decades. However, there has been debate over the sources of … the growth, and the role of the intensive versus extensive margin. Growth accounting exercises at the aggregate level … have been doubts about the contribution of TFP improvements to growth. For the period between 1978 and 1998, Young (2003 …
Persistent link: https://www.econbiz.de/10010269571
and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one …
Persistent link: https://www.econbiz.de/10005703840
for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the … presumed growth benefits of financial integration. Indeed, a new literature proposes that the indirect benefits of financial …
Persistent link: https://www.econbiz.de/10010269032
growth models estimated across world regions, these low levels of cognitive skills can account for the poor growth …Economic development in Latin America has trailed most other world regions over the past four decades despite its … comparable income data. Our growth analysis using these data confirms the significant effects of cognitive skills on intra …
Persistent link: https://www.econbiz.de/10010274178
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
The perpetual inventory method used for the construction of education data per country leads to systematic measurement error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the education level between census data and observations...
Persistent link: https://www.econbiz.de/10010276810
We analyze the association between inequality and growth across 72 labor market regions in Sweden 1990-2006. Highly … accurate measures of growth and inequality (gini, Q3, p9075, p5010) are derived from population register data. The regional set …th and 75th percentiles enhances regional growth. This result no longer holds when we take into account changes in …
Persistent link: https://www.econbiz.de/10010278526