Showing 1 - 10 of 37
'growth intertia effect'. A backward economy with a financing regime with centralized decision-making may catch up rapidly … when the convergence effect and the growth inertia effect are in the same direction. However, this regime leads to large …
Persistent link: https://www.econbiz.de/10010928613
growth inertia effect.’ A backward economy with a financing regime with centralized decision-making may catch up rapidly when … the convergence effect and the growth inertia effect are in the same direction. However, this regime leads to large …
Persistent link: https://www.econbiz.de/10010745283
The non-negativity constraint on inventories imposed on the rational expectations theory of speculative storage implies that the conditional mean and variance of commodity prices are non-linear in lagged prices and have a kink at a threshold point. In this paper, the structural parameters of...
Persistent link: https://www.econbiz.de/10010928703
We use new data to examine the effects of giant oilfield discoveries around the world since 1946. On average, these discoveries increase per capita oil production and oil exports by up to 50 percent. But these giant oilfield discoveries also have a dark side: they increase the incidence of...
Persistent link: https://www.econbiz.de/10010745904
We use new data to examine the effects of giant oilfield discoveries around the world since 1946. On average, these discoveries increase per capita oil production and oil exports by up to 50 percent. But these giant oilfield discoveries also have a dark side: they increase the incidence of...
Persistent link: https://www.econbiz.de/10010746045
The paper provides a quantitative analysis of the armed confrontation that took place in Greece between the Communist Party and the Centre-Right Government during 1946-1949. Using monthly data for battle casualties a dynamic Lotka-Volterra framework is estimated, pointing to the existence of a...
Persistent link: https://www.econbiz.de/10011126480
, education, and skills for consumption (rather than production) - can importantly affect patterns of economic growth and …
Persistent link: https://www.econbiz.de/10010884693
This paper develops a model of economic growth and activity locating endogenously on a 3- dimensional featureless … global geography. The same economic forces influence simultaneously growth, convergence, and spatial agglomeration and … converges towards egalitarian growth. Equality is stable but spatial inequality is needed to attain it. …
Persistent link: https://www.econbiz.de/10010884745
This paper investigates the relationship between growth and inequality from a demographic point of view. In an extended … rate on the equilibrium growth rate as well as on the income distribution. We show that the relationship between growth and …
Persistent link: https://www.econbiz.de/10010928630
personal characteristics, country and year fixed effects, more freedom and economic growth both reduce revolutionary support …. To reduce support by the same amount requires adding 14 percentage points on to the GDP growth rate. Being Muslim in a …
Persistent link: https://www.econbiz.de/10010928706