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Infinite dimensional VARs and factor models
Chudik, Alexander; Pesaran, Mohammad Hashem - 2007
dynamic systems. Restrictions on the coefficients of an unrestricted VAR are proposed that are binding only in a limit as the … number of endogenous variables tends to infinity. It is shown that under such restrictions, an infinite-dimensional VAR (or … IVAR) can be arbitrarily well characterized by a large number of finite-dimensional models in the spirit of the global VAR …
Persistent link: https://www.econbiz.de/10010276258
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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
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Regionalism in West Africa : Do Polar Countries Reap the Benefits? : A Role for Migration
Konseiga, Adama - 2005
In the present globalization era an increasing attention is paid to the ambiguous relationship between international migration, brain drain, and economic growth, but few papers analyzed the growth impact of skilled migration. The paper filled the research gap by building the first dataset on...
Persistent link: https://www.econbiz.de/10010262227
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International capital market integration, educational choice and economic growth
Egger, Hartmut; Egger, Peter; Falkinger, Josef; … - 2005
. Using foreign direct investment (FDI) as a measure for capital flows, we present empirical evidence which largely confirms … thereby fosters economic growth. We apply a structural estimation approach to fully track the endogenous mechanisms of the …
Persistent link: https://www.econbiz.de/10010267663
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Growth, volatility and political instability: non-linear time-series evidence for Argentina, 1896 - 2000
Campos, Nauro F.; Karanasos, Menelaos G. - 2007
What is the relationship between economic growth and its volatility? Does political instability affect growth directly or indirectly, through volatility? This paper tries to answer such questions using a power-ARCH framework with annual time series data for Argentina from 1896 to 2000. We show...
Persistent link: https://www.econbiz.de/10010268236
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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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Schooling, cognitive skills, and the Latin American growth puzzle
Hanushek, Eric Alan; Woessmann, Ludger - 2009
Economic development in Latin America has trailed most other world regions over the past four decades despite its relatively high initial development and school attainment levels. This puzzle can be resolved by considering the actual learning as expressed in tests of cognitive skills, on which...
Persistent link: https://www.econbiz.de/10010274178
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Democratization, violent social conflicts, and growth
Cervellati, Matteo; Sunde, Uwe - 2011
This paper investigates the empirical role of violent conflicts for the causal effect of democracy on economic growth. Exploiting within-country variation to identify the effect of democratization during the Third Wave, we find evidence that the effect of democratization is weaker than reported...
Persistent link: https://www.econbiz.de/10010278790
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Should easier access to international credit replace foreign aid?
Bandyopadhyay, Subhayu; Lahiri, Sajal; Younas, Javed - 2011
We examine the interaction between foreign aid and binding borrowing constraint for a recipient country. We also analyze how these two instruments affect economic growth via non-linear relationships. First of all, we develop a two-country, two-period trade-theoretic model to develop testable...
Persistent link: https://www.econbiz.de/10010282320