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Aging, Output Per Capita and Secular Stagnation
Eggertsson, Gauti B. - 2018
This paper re-examines the relationship between population aging and economic growth. We confirm previous research such as Cutler, Poterba, Sheiner, and Summers (1990) and Acemoglu and Restrepo (2017) that show positive correlation between measures of population aging and per-capita output...
Persistent link: https://www.econbiz.de/10012480557
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Subjective Well-Being, Income, Economic Development and Growth
Sacks, Daniel W. - 2010
most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is …
Persistent link: https://www.econbiz.de/10012462215
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Culture, Institutions and the Wealth of Nations
Gorodnichenko, Yuriy - 2010
We construct an endogenous growth model that includes a cultural variable along the dimension of individualism-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with innovation in an individualist culture. This cultural...
Persistent link: https://www.econbiz.de/10012462288
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Growth Accounting
Hulten, Charles R. - 2009
across time and across the world. Growth accounting is the principal quantitative tool for understanding this phenomenon, and …
Persistent link: https://www.econbiz.de/10012463309
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Measuring Economic Growth from Outer Space
Henderson, J. Vernon - 2009
GDP growth is often measured poorly for countries and rarely measured at all for cities or subnational regions. We propose a readily available proxy: satellite data on lights at night. We develop a statistical framework that uses lights growth to augment existing income growth measures, under...
Persistent link: https://www.econbiz.de/10012463450
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The Two Waves of Service Sector Growth
Eichengreen, Barry - 2009
The positive association between the service sector share of output and per capita income is one of the best-known regularities in all of growth and development economics. Yet there is less than complete agreement on the nature of that association. Here we identify two waves of service sector...
Persistent link: https://www.econbiz.de/10012463681
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Understanding PPPs and PPP-based national accounts
Deaton, Angus - 2008
, 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 is also covered in the PPP accounts produced by the OECD and the …; version 7.0 of the Penn World Table will soon incorporate these results. The 2005 ICP, like earlier rounds, involved …
Persistent link: https://www.econbiz.de/10012464148
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Economic Growth and Subjective Well-Being : Reassessing the Easterlin Paradox
Stevenson, Betsey - 2008
The "Easterlin paradox" suggests that there is no link between a society's economic development and its average level of happiness. We re-assess this paradox analyzing multiple rich datasets spanning many decades. Using recent data on a broader array of countries, we establish a clear positive...
Persistent link: https://www.econbiz.de/10012464364
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Occupational Choice and Development
Eeckhout, Jan - 2007
The rise in world trade since 1970 has raised international mobility of labor services. We study the effect of such a … globalization of the world's labor markets. We find that when people can choose between wage work and managerial work, the output …
Persistent link: https://www.econbiz.de/10012464960
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Reevaluating the Modernization Hypothesis
Acemoglu, Daron - 2007
explain diverging development paths within the former colonial world …
Persistent link: https://www.econbiz.de/10012465318