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We use more than one century of Argentine and Mexican data to estimate the structural parameters of a small-open-economy real-business-cycle model driven by nonstationary productivity shocks. We find that the RBC model does a poor job at explaining business cycles in emerging countries. We then...
Persistent link: https://www.econbiz.de/10012466032
This paper analyzes the structural relationship between policies that distort resource allocation and long-ten growth. It first reviews briefly the Solow model in which steady-state growth depends only on exogenous technological change. Policy distortions do affect the rate of growth in the...
Persistent link: https://www.econbiz.de/10012475823
-average temperatures and the incidence of civil war in Africa (Burke et al. 2009). These findings have recently been challenged by Buhaug …
Persistent link: https://www.econbiz.de/10012462216
The conventional wisdom that Africa is not reducing poverty is wrong. Using the methodology of Pinkovskiy and Sala …
Persistent link: https://www.econbiz.de/10012462876
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
This paper explores whether one of the most important U.S. policies towards Africa of the past few decades achieved its …
Persistent link: https://www.econbiz.de/10012465432
Africa and Latin America secured their independence from European colonial rule a century and half apart: most of Latin … America after 1820 and most of Africa after 1960. Despite the distance in time and space, they share important similarities … about a half-century (lost decades). The parallels suggest that Africa might be exiting from a period of post …
Persistent link: https://www.econbiz.de/10012466051
Using country- and region-level data, I investigate the effect of HIV/AIDS on fertility in Africa during 1985 …
Persistent link: https://www.econbiz.de/10012466487
The dismal growth performance of Africa is the worst economic tragedy of the XXth century. We document the evolution of … rates Africa would have enjoyed if these key determinants had taken OECD rather than African values. Expensive investment …
Persistent link: https://www.econbiz.de/10012468832
prominent in Africa today, but do or can Africans respond to them with the same elasticity as in the days of 'free' migration …? Our new estimates of net migration and labor market performance for the countries of sub-Saharan Africa suggest that …. In Africa today, economic growth has faltered, its economies have fallen further behind the high-wage OECD leaders, and …
Persistent link: https://www.econbiz.de/10012470605