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growth through capital accumulation. This paper contributes to this literature. As opposed to the previous studies, which …. Saving and GDP are estimated in bivariate vector autoregressive or vector error-correction models for Sweden, UK, and USA …
Persistent link: https://www.econbiz.de/10010321740
This paper uses a large cross-country survey of business firms to assess their influence on government policies. It is … legislation are viewed as impeding firm growth decreases with political influence and, independently, with a country's level of …
Persistent link: https://www.econbiz.de/10010278305
combining annual and nationally representative household survey data with detailed information on income tax declarations … cent to 34.4 per cent. Despite strong average income growth, the poorest 50 per cent only made moderate gains, which came … income of the bottom that matters more than its growth. We show that the role of the personal income tax in regulating …
Persistent link: https://www.econbiz.de/10012030391
We use U.S. county-level data to estimate convergence rates for 22 individual states. We find significant heterogeneity. E.g., the California estimate is 19.9 percent and the New York estimate is 3.3 percent. Convergence rates are essentially uncorrelated with income levels.
Persistent link: https://www.econbiz.de/10010335973
We use US county level data (3,058 observations) from 1970 to 1998 to explore the relationship between economic growth …, state and local government employments are all negatively associated with economic growth. We find no evidence that … those who justify government activities in terms of equity concerns - perhaps even trading off economic growth for equity …
Persistent link: https://www.econbiz.de/10010336011
A growing body of recent macroeconomic evidence suggests that volatility is detrimental to economic growth. The … channels through which volatility affects growth, however, are less clear; substantive evidence based on disaggregate data is … productive industries, thereby affecting economic growth. Empirical support for this relationship is based on a detailed dataset …
Persistent link: https://www.econbiz.de/10010278247
impact of these shocks on economic growth. This paper reviews the literature on macroeconomic vulnerability and finds that …
Persistent link: https://www.econbiz.de/10010293290
This paper challenges the conventional view according to which disinflations in LAC-even from low and moderate peaks-have been carried out at no cost to output. After suggesting a new methodology that allows for long-lived effects and inflation inertia when measuring costs of disinflations,...
Persistent link: https://www.econbiz.de/10010293509
We conduct an extensive robustness analysis of the relationship between trust and growth for a later time period (the … results. We find that the trust-growth relationship is less robust with respect to empirical specification and to countries in … compared with many other growth-regression variables. …
Persistent link: https://www.econbiz.de/10010321616
A highly skilled immigration can be growth enhancing if the positive contribution of the imported brains to the host … growth depleting if the latter effect dominates. …
Persistent link: https://www.econbiz.de/10010336021