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Sectoral Energy- and Labour-Productivity Convergence

Mulder, Peter; de Groot, Henri L.F. - 2004

This paper provides an empirical analysis of energy- and labour-productivity convergence at a detailed sectoral level … for 14 OECD countries, covering the period 1970-1997. A fã-convergence analysis shows that the development of cross …-country variation in productivity performance depends on the level of aggregation. Both patterns of convergence as well as divergence …

Persistent link: https://www.econbiz.de/10010325188

International Comparisons of Sectoral Energy- and Labour-Productivity Performance: Stylised Facts and Decomposition of Trends

Mulder, Peter; de Groot, Henri L.F. - 2004

This paper addresses the interplay between economic growth, energy use, change in sectoral composition and technological change, by exploring trends in energy- and labour productivity development for 14 OECD countries and four sectors over the period 1970-1997. A cross-country decomposition...

Persistent link: https://www.econbiz.de/10010325213

Decoupling Economic Growth and Energy Use. An Empirical Cross-Country Analysis for 10 Manufacturing Sectors

Mulder, Peter; de Groot, Henri L.F. - 2004

This paper provides an empirical analysis of decoupling economic growth and energy use and its various determinants by exploring trends in energy- and labour productivity across 10 manufacturing sectors and 14 OECD countries for the period 1970-1997. We explicitly aim to trace back aggregate...

Persistent link: https://www.econbiz.de/10010325244

Global Aging and Economic Convergence: A Real Option or Still a Case of Science Fiction?

van Dalen, Hendrik P. - 2007

How does global aging affect the convergence in global economic development? Both the developing and developed world …

Persistent link: https://www.econbiz.de/10010325303

Structural Change and Convergence of Energy Intensity across OECD Countries, 1970-2005

Mulder, Peter; de Groot, Henri L.F. - 2012

aggregate energy intensity dynamics. A convergence analysis reveals that only after 1995 cross-country variation in aggregate … convergence in Services. Moreover, we find evidence for the hypothesis that across sectors lagging countries are catching-up with … leading countries, with rates of convergence on average being higher in Services than in Manufacturing. Aggregate convergence …

Persistent link: https://www.econbiz.de/10010326376

Economic Growth and the Volatility of Foreign Aid

Chervin, Michal; van Wijnbergen, Sweder - 2010

Foreign aid’s effectiveness in promoting economic growth remains mired in controversy.We examine the impact of the volatility of aid on economic growth, controlling for the level of aid. A four-year panel analysis is conducted encompassing 155 countries over the period 1966-2001. We find that...

Persistent link: https://www.econbiz.de/10010325781

Financial Fragility and the Fiscal Multiplier

van Wijnbergen, Sweder; van der Kwaak, Christiaan - 2014

We investigate the effectiveness of `Keynesian' fiscal stimuli when government deficits and debt rollovers are (possibly partially) financed by balance sheet constrained financial intermediaries. Because financial intermediaries operate under a leverage constraint, deficit financing of fiscal...

Persistent link: https://www.econbiz.de/10010328321

New Evidence on Fungibility at the Aggregate Level

Marc, Lukasz - 2012

This study examines the fungibility of foreign aid and makes three contributions to the existing literature. Firstly, fungibility of aid at the aggregate level is reexamined on a richer panel dataset of 91 developing countries for 1980-2009, taking into account endogeneity of aid and...

Persistent link: https://www.econbiz.de/10010326166

Long Term Government Debt, Financial Fragility and Sovereign Default Risk

van der Kwaak, Christiaan; van Wijnbergen, Sweder - 2013

We analyze the interaction between bank rescues, financial fragility and sovereign debt discounts. We construct a model that contains balance sheet constrained financial intermediaries financing both capital expenditure of intermediate goods producers and government deficits. The financial...

Persistent link: https://www.econbiz.de/10010326285

Financial Fragility, Sovereign Default Risk and the Limits to Commercial Bank Bail-outs

van Wijnbergen, Sweder; van der Kwaak, Christiaan - 2013

We analyse the poisonous interaction between bank rescues, financial fragility and sovereign debt discounts. In our model balance sheet constrained financial intermediaries finance both capital expenditure of intermediate goods producers and government deficits. The financial intermediaries face...

Persistent link: https://www.econbiz.de/10010326315