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Exploring Reallocation's Apparent Weak Contribution to Growth
Nishida, Mitsukuni - 2015
Two recent meta-analyses use variants of the Baily, Hulten, and Campbell (1992) (BHC) decompositions to ask whether recent robust growth in Aggregate Labor Productivity (ALP) across twenty-five countries is due to lower barriers to input reallocation. They find weak gains from measured...
Persistent link: https://www.econbiz.de/10013012453
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Are Ideas Getting Harder to Find?
Bloom, Nicholas - 2017
In many growth models, economic growth arises from people creating ideas, and the long-run growth rate is the product of two terms: the effective number of researchers and their research productivity. We present a wide range of evidence from various industries, products, and firms showing that...
Persistent link: https://www.econbiz.de/10012948079
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House Valuations and Economic Growth : Some International Evidence
Aizenman, Joshua - 2016
This paper evaluates the relation between house prices and economic growth. Using a dataset that covers house prices for 19 countries from the first quarter of 1975 to the third quarter of 2013. We find that house price appreciations are positively associated with economic growth, while the...
Persistent link: https://www.econbiz.de/10012982021
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Asiaphoria Meets Regression to the Mean
Pritchett, Lant - 2014
Consensus forecasts for the global economy over the medium and long term predict the world's economic gravity will …
Persistent link: https://www.econbiz.de/10013045644
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The Global Spatial Distribution of Economic Activity : Nature, History, and the Role of Trade
Henderson, J. Vernon - 2016
characteristics into two groups, those primarily important for agriculture and those primarily important for trade, we find that the … agriculture variables have relatively more explanatory power in countries that developed early and the trade variables have … agriculture today. We explain this apparent puzzle in a model in which two technological shocks occur, one increasing agricultural …
Persistent link: https://www.econbiz.de/10012994896
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Growth and Childbearing in the Short- and Long-Run
Chatterjee, Shoumitro - 2017
aggregate income change is mixed. We analyze economic growth and fertility change in the developing world over six decades …
Persistent link: https://www.econbiz.de/10012966598
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International Financial Integration and Economic Growth
Edison, Hali J.; Levine, Ross; Ricci, Luca A.; Sløk, … - 2022
This paper uses new data and new econometric techniques to investigate the impact of international financial integration on economic growth and also to assess whether this relationship depends on the level of economic development, financial development, legal system development, government...
Persistent link: https://www.econbiz.de/10013308338
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Capital Goods Imports and Long-Run Growth
Lee, Jong-Wha - 2021
This paper presents an endogenous growth model of an open economy in which the growth rate of income is higher if foreign capital goods are used relatively more than domestic capital goods for the production of capital stock. Empirical results, using cross country data for the period 1960-85,...
Persistent link: https://www.econbiz.de/10013225824
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Borders and Growth
Spolaore, Enrico; Wacziarg, Romain T. - 2021
negative effect through reduced openness vis-...-vis the rest of the world. We estimate the growth effects that would have …
Persistent link: https://www.econbiz.de/10013240303
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The Effect of Health on Economic Growth : Theory and Evidence
Bloom, David E.; Canning, David; Sevilla, Jaypee - 2021
Macroeconomists acknowledge the contribution of human capital to economic growth, but their empirical studies define human capital solely in terms of schooling. In this paper, we extend production function models of economic growth to account for two additional variables that microeconomists...
Persistent link: https://www.econbiz.de/10013240309