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Convergence and Modernization Revisited
Barro, Robert J. - 2012
In an 80-country panel since the 1960s, the convergence rate for per capita GDP is around 1.7% per year. This "beta … "iron-law" rate of 2%. In the post-1960s panel, estimation without country fixed effects supports the modernization … long-term panel with country fixed effects also supports modernization, in the sense of positive effects of per capita GDP …
Persistent link: https://www.econbiz.de/10012460366
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Global Patterns of Income and Health : Facts, Interpretations, and Policies
Deaton, Angus - 2006
health, there is more inequality in the world than if we consider income alone. Such international inequalities in life …
Persistent link: https://www.econbiz.de/10012465925
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Stock Markets, Banks, and Growth : Panel Evidence
Beck, Thorsten - 2002
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
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Inappropriate Pooling of Wealthy and Poor Countries in Empirical FDI Studies
Blonigen, Bruce A. - 2004
This paper examines the question of whether less-developed countries' (LDCs') experiences with foreign direct … empirical FDI studies that typically do not distinguish between LDCs and DCs in their analysis. First, we find that the … underlying factors that determine the location of FDI activity across countries vary systematically across LDCs and DCs in a way …
Persistent link: https://www.econbiz.de/10012468315
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Democracy Does Cause Growth
Acemoglu, Daron; Robinson, James A.; Restrepo, Pascual; … - 2014
We provide evidence that democracy has a significant and robust positive effect on GDP. Our empirical strategy relies on a dichotomous measure of democracy coded from several sources to reduce measurement error and controls for country fixed effects and the rich dynamics of GDP, which otherwise...
Persistent link: https://www.econbiz.de/10012458660
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Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and Inequality
Dabla-Norris, Era - 2015
We develop a micro-founded general equilibrium model with heterogeneous agents and three dimensions of financial inclusion: access (determined by a participation cost), depth (determined by a borrowing constraint), and intermediation efficiency (determined by a monitoring cost). We find that the...
Persistent link: https://www.econbiz.de/10012457845
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Mismatch and Assimilation
Wang, Ping - 2018
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
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The Value of Luminosity Data as a Proxy for Economic Statistics
Chen, Xi - 2010
One of the pervasive issues in social and environmental research has been to improve the quality of socioeconomic data in developing countries. Because of the shortcoming of standard data sources, the present study examines luminosity (measures of nighttime lights) as a proxy for standard...
Persistent link: https://www.econbiz.de/10012462340
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Climate Change and Economic Growth : Evidence from the Last Half Century
Dell, Melissa - 2008
climatic changes on economic activity throughout the world. We find three primary results. First, higher temperatures …
Persistent link: https://www.econbiz.de/10012464514
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On the Determinants of Mortality Reductions in the Developing World
Soares, Rodrigo R. - 2007
This paper presents and critically discusses a vast array of evidence on the determinants of mortality reductions in developing countries. We argue that increases in life expectancy between 1960 and 2000 were largely independent from improvements in income and nutrition. We then characterize the...
Persistent link: https://www.econbiz.de/10012465819