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This article challenges recent findings that democracy has sizable effects on economic growth. As extensive political … paper focuses on this endogeneity concern. Using a worldwide survey of 165 country-specific democracy experts conducted for … these more exogenous democratizations strongly indicates that democracy does not cause growth. Consequently, the common …
Persistent link: https://www.econbiz.de/10011521223
-votes do not seem to depend on whether a proposal involves a tax or not. -- direct democracy ; environmental policy ; public …
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This paper provides new evidence on the effect of debt on economic growth through two alternative methodological approaches. On the one hand, by using a panel error correction model with a sample of 130 countries between 1980 and 2020, we found evidence of the existence of a range of debt-to-GDP...
Persistent link: https://www.econbiz.de/10014461312
The available evidence on the effects of aid on growth is notoriously mixed. We use a novel empirical methodology, a heterogeneous panel vector-autoregression model identified through factor analysis, to study the dynamic response of exports, imports, and per capita GDP growth to a global aid...
Persistent link: https://www.econbiz.de/10010247921
Can directed technical change be used to combat climate change? We construct new firm-level panel data on auto industry innovation distinguishing between "dirty" (internal combustion engine) and "clean" (e.g. electric and hybrid) patents across 80 countries over several decades. We show that...
Persistent link: https://www.econbiz.de/10009687266
This paper shows that using yields may not be informative of the relationship between farm size and productivity in the context of small-scale farming. This occurs because, in addition to productivity, yields pick up size-dependent market distortions and decreasing returns to scale. As a result,...
Persistent link: https://www.econbiz.de/10012665044
underwriting risks both domestically and internationally. -- Insurance ; Portfolio Theory ; International Diversification …
Persistent link: https://www.econbiz.de/10003354444