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Infrastructure in a Structural Model of Economic Growth

Holtz-Eakin, Douglas - 1994

Researchers, commentators, and politicians have devoted steadily more attention to infrastructure in response to claims … between infrastructure and productivity growth remains controversial. In this regard, it is somewhat surprising that … infrastructure research has developed in isolation from the large literature on economic growth. We develop a neoclassical growth …

Persistent link: https://www.econbiz.de/10012474091

Forecasting Output and Inflation : The Role of Asset Prices

Stock, James H. - 2001

This paper examines old and new evidence on the predictive performance of asset prices for inflation and real output growth. We first review the large literature on this topic, focusing on the past dozen years. We then undertake an empirical analysis of quarterly data on up to 38 candidate...

Persistent link: https://www.econbiz.de/10012470546

Unit Roots, Postwar Slowdowns and Long-Run Growth : Evidence from Two Structural Breaks

Ben-David, Dan - 1998

This paper provides evidence on the unit root hypothesis and long-term growth by allowing for two structural breaks. We reject the unit root hypothesis for three-quarters of the countries approximately 50% more rejections than in models that allow for only one break. While about half of the...

Persistent link: https://www.econbiz.de/10012472411

Does Inflation Harm Economic Growth? Evidence for the OECD

Andres, Javier - 1997

The purpose of this paper is to study the correlation among growth and inflation at the OECD level, within the framework of the so-called convergence equations, and to discuss whether this correlation withstands a number of improvements in the empirical models, which try to address the most...

Persistent link: https://www.econbiz.de/10012472752

International R&D Spillovers, Trade and Productivity in Major OECD Countries

Nadiri, M. Ishaq - 1996

In this paper we: (1) estimate the effects of international R&D spillovers on total factor productivity growth of the seven largest industrialized countries (G-7); (2) analyze the effect of spillovers on the structure of production, i.e., the effects on factor demand such as labor and investment...

Persistent link: https://www.econbiz.de/10012473032

Globalization, Convergence and History

Williamson, Jeffrey G. - 1995

There were three epochs of growth experience after the mid 19th century for what is now called the OECD 'club'; the late 19th century, the middle years between 1914 and 1950, and the late 20th century. The late 19th and the late 20th century epochs were ones of overall fast growth and...

Persistent link: https://www.econbiz.de/10012473616

Cross-Country Evidence on the Link Between Volatility and Growth

Ramey, Garey - 1994

This paper presents empirical evidence against the standard dichotomy in macroeconomics that separates growth from the volatility of economic fluctuations. In a sample of 92 countries as well as a sample of OECD countries, we find that countries with higher volatility have lower growth. The...

Persistent link: https://www.econbiz.de/10012473940

International Growth Linkages : Evidence from Asia and the OECD

Helliwell, John F. - 1992

This paper first shows how the convergence model generally applicable to the OECD and in augmented form to global samples fails to reflect the post-1960 experience of the Asian economies, and then considers some of the factors explaining the differences. Investment rates in physical capital...

Persistent link: https://www.econbiz.de/10012474718

Industrial Relations and Economic Performance Grievances and Productivity

Ichniowski, Casey - 1984

This study documents a significant inverse relationship between grievance rates and productivity. It is argued in the theoretical model in the paper that this significant inverse relationship reflects greater discrepencies between reported and effective labor hours as grievance rates increase....

Persistent link: https://www.econbiz.de/10012477723

The Relationship Between Health and Growth : When Lucas Meets Nelson-Phelps

Aghion, Philippe - 2010

This paper revisits the relationship between health and growth in light of modern endogenous growth theory. We propose a unified framework that encompasses the growth effects of both the rate of improvement of health and the level of health. Based on cross-country regressions over the period...

Persistent link: https://www.econbiz.de/10012462837

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