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PPP-based national accounts have become an important part of the database for macroeconomists, development economists, and economic historians. Frequently used global data come from the Penn World Table (PWT) and the World Bank's World Development Indicators; a substantial fraction of the world...
Persistent link: https://www.econbiz.de/10012758136
This paper combines tax, survey, and national accounts data to estimate the distribution of national income in the United States since 1913. Our distributional national accounts capture 100% of national income, allowing us to compute growth rates for each quantile of the income distribution...
Persistent link: https://www.econbiz.de/10012966935
In an 80-country panel since the 1960s, the convergence rate for per capita GDP is around 1.7% per year. This "beta … frame-34 countries with GDP data starting between 1870 and 1896-estimation with country fixed effects is more appropriate … "iron-law" rate of 2%. In the post-1960s panel, estimation without country fixed effects supports the modernization …
Persistent link: https://www.econbiz.de/10013101830
GDP growth is often measured poorly for countries and rarely measured at all for cities or subnational regions. We …
Persistent link: https://www.econbiz.de/10013151806
Concerns about the quality of China's official GDP statistics have been a perennial question in understanding its …
Persistent link: https://www.econbiz.de/10012958590
the proximate effect of health on GDP per capita. I employ avariety of methods to construct estimates of the return to … preferred estimate, eliminating health differences among countries would reduce the variance oflog GDP per worker by 9.9 percent …, and reduce the ratio of GDP per worker at the 90th percentileto GDP per worker at the 10th percentile from 20.5 to 17 …
Persistent link: https://www.econbiz.de/10012762437
This paper presents a framework to understand and measure the effects of political borders on economic growth and per capita income levels. We present a model providing a theoretical foundation to estimate empirically the effects of political borders on growth. In our model, political...
Persistent link: https://www.econbiz.de/10013240303
This paper revisits and critically reevaluates the widely-accepted modernization hypothesis which claims that per capita income causes the creation and the consolidation of democracy. We argue that existing studies find support for this hypothesis because they fail to control for the presence of...
Persistent link: https://www.econbiz.de/10013224429
between income level and pollution). The new specification enables us to draw conclusions from fixed effects estimation. In …
Persistent link: https://www.econbiz.de/10013228239
, real world exports plunged 17 percent while GDP fell 5 percent. This paper examines whether deteriorations in bank health …A striking feature of many financial crises is the collapse of exports relative to output. In the 2008 financial crisis … can help explain the large drops in exports relative to output in the recent crisis. Our paper is the first to establish a …
Persistent link: https://www.econbiz.de/10013149988