Narrow search
Showing 1 - 10 of 8,305
Cover Image
Sustainability and the Measurement of Wealth
Arrow, Kenneth J. - 2010
We develop a consistent and comprehensive theoretical framework for assessing whether economic growth is compatible with sustaining well-being over time. The framework focuses on whether a comprehensive measure of wealth - one that accounts for natural capital and human capital as well as...
Persistent link: https://www.econbiz.de/10012462059
Cover Image
The Political Resource Curse
Brollo, Fernanda - 2010
politicians, both with theory and data. The theory is based on a version of the career concerns model of political agency with … implications of the theory and identify the causal effect of larger federal transfers on political corruption and the observed … features of political candidates at the municipal level. In accordance with the predictions of the theory, we find that larger …
Persistent link: https://www.econbiz.de/10012462947
Cover Image
Natural Resource Abundance and Economic Growth
Sachs, Jeffrey D. - 1995
One of the surprising features of modern economic growth is that economies with abundant natural resources have tended to grow less rapidly than natural-resource-scarce economies. In this paper we show that economies with a high ratio of natural resource exports to GDP in 1971 (the base year)...
Persistent link: https://www.econbiz.de/10012473469
Cover Image
Some Theoretical Connections Among Wealth, Income, Sustainability, and Accounting
Weitzman, Martin L. - 2016
In theory, and under some quite strong assumptions, there exists an important rigorous quantitative relationship among …-fold quantitative relationship in an ultra-simplified setting. I identify some basic applications of this simplified economic theory of …
Persistent link: https://www.econbiz.de/10012456614
Cover Image
On the Unstable Relationship between Exchange Rates and Macroeconomic Fundamentals
Bacchetta, Philippe - 2009
It is well known from anecdotal, survey and econometric evidence that the relationship between the exchange rate and macro fundamentals is highly unstable. This could be explained when structural parameters are known and very volatile, neither of which seems plausible. Instead we argue that...
Persistent link: https://www.econbiz.de/10012463641
Cover Image
Recent Developments in Macroeocnomics
Fischer, Stanley - 1987
This paper surveys much of modern macroeconomics. The focus is on the core macroeconomic issue, of the reasons for macroeconomic fluctuations and sometimes persistent unemployment. To provide continuity and perspective on how promising research leads of the past turned out, the paper starts by...
Persistent link: https://www.econbiz.de/10012476594
Cover Image
Macroeconomics, Aging and Growth
Lee, Ronald - 2016
Inevitable population aging and slower population growth will affect the economies of all nations in ways influenced by cultural values, institutional arrangements, and economic incentives. One outcome will be a tendency toward increased capital intensity, higher wages, and lower returns on...
Persistent link: https://www.econbiz.de/10012456365
Cover Image
Financial Frictions and Trade Dynamics
Bergin, Paul - 2018
This paper demonstrates theoretically that a financial shock can have very persistent effects on international trade. Motivation is taken from the aftermath of the dramatic trade collapse in 2008-9, which despite a substantial recovery, has left a persistently slower growth rate in trade. We...
Persistent link: https://www.econbiz.de/10012453213
Cover Image
The Global Spatial Distribution of Economic Activity : Nature, History, and the Role of Trade
Henderson, J. Vernon - 2016
We study the distribution of economic activity, as proxied by lights at night, across 250,000 grid cells of average area 560 square kilometers. We first document that nearly half of the variation can be explained by a parsimonious set of physical geography attributes. A full set of country...
Persistent link: https://www.econbiz.de/10012456530
Cover Image
Growth and Risk : A View from International Trade
Krishna, Pravin; Levchenko, Andrei A.; Ma, Lin; … - National Bureau of Economic Research - 2023
) bilateral exports to the United States. The patterns in the data are consistent with the theory. The mean and the variance of …
Persistent link: https://www.econbiz.de/10014226112