Showing 1 - 10 of 5,080
This paper examines the question of whether less-developed countries' (LDCs') experiences with foreign direct investment (FDI) systematically different from those of developed countries (DCs). We do this by examining three types of empirical FDI studies that typically do not distinguish between...
Persistent link: https://www.econbiz.de/10012468315
The literature on aid and growth has not found a convincing instrumental variable to identify the causal effects of aid. This paper exploits an instrumental variable based on the fact that since 1987, eligibility for aid from the International Development Association (IDA) has been based partly...
Persistent link: https://www.econbiz.de/10012456511
This study presents a general methodology for fitting multiple time series models to panel data. The basic statistical … panel data, and it identifies those instances in which procedures found in the time series literature cannot be directly … applied to analyze longitudinal data. Data analysis techniques in the tine series literature are adapted for panel data …
Persistent link: https://www.econbiz.de/10012478475
This paper investigates the impact of stock markets and banks on economic growth using a panel data set for the period …
Persistent link: https://www.econbiz.de/10012469631
"iron-law" rate of 2%. In the post-1960s panel, estimation without country fixed effects supports the modernization …In an 80-country panel since the 1960s, the convergence rate for per capita GDP is around 1.7% per year. This "beta … frame-34 countries with GDP data starting between 1870 and 1896-estimation with country fixed effects is more appropriate …
Persistent link: https://www.econbiz.de/10012460366
We examine the effects of aid on growth--in cross-sectional and panel data--after correcting for the bias that aid …
Persistent link: https://www.econbiz.de/10012467166
We explore the role of sectoral debt dynamics in shaping business cycles in a sample of 52 Emerging Market Economies (EMEs) and Frontier Market Economies (FMEs) from 2005 to 2021. Higher household debt levels and growth are associated with significantly slower GDP growth in more developed EMEs...
Persistent link: https://www.econbiz.de/10014486174
well-being of their citizens. International advisors typically suggest developed-world solutions as a remedy. We argue that …. Our results are in line with stylized facts from a panel of 58 countries between 1990 and 2022. Through counterfactual …
Persistent link: https://www.econbiz.de/10014447264
Income disparity across countries has been large and widening over time. We develop a tractable model where factor requirements in production technology do not necessarily match a country's factor input profile. Appropriate assimilation of frontier technologies balances such multi-dimensional...
Persistent link: https://www.econbiz.de/10012480613
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