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Irish GDP between the Famine and the First World War: Estimates Based on a Dynamic Factor Model
Andersson, Fredrik N. G.; Lennard, Jason - 2017
constructs new annual estimates of real GDP between 1842 and 1913 based on a novel two-stage econometric approach. Our results …
Persistent link: https://www.econbiz.de/10013208757
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Measuring the welfare gain from personal computers: A macroeconomic approach
Kopecky, Karen A.; Greenwood, Jeremy - 2011
The welfare gain to consumers from the introduction of personal computers is estimated here. A simple model of consumer demand is formulated that uses a slightly modified version of standard preferences. The modification permits marginal utility, and hence total utility, to be finite when the...
Persistent link: https://www.econbiz.de/10010292344
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Measuring economic growth from outer space
Henderson, Vernon; Storeygard, Adam; Weil, David N. - 2009
GDP growth is often measured poorly for countries and rarely measured at all for cities. We propose a readily available … proxy: satellite data on lights at night. Our statistical framework uses light growth to supplement existing income growth …
Persistent link: https://www.econbiz.de/10010284041
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How much does the UK invest in intangible assets? Mauro Giorgio Marrano and Jonathan Haskel
Marrano, Mauro Giorgio; Haskel, Jonathan - 2006
the US. Their work suggests private sector expenditure (investment) on intangibles is about 13% (11%) of US GDP 1998 … private sector spent, in 2004, about £127bn on intangibles, which is about 11% of UK GDP. The implied investment figure is … around £116bn (10% of GDP) which is about equal to UK investment in tangible assets. Of the £127bn expenditure, (in …
Persistent link: https://www.econbiz.de/10010284183
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What happened to the knowledge economy? ICT, intangible investment and Britain's productivity record revisited
Marrano, Mauro Giorgio; Haskel, Jonathan; Wallis, Gavin - 2007
as intermediate consumption. Thus they do not count as either GDP or investment. We ask how treating such spending as …
Persistent link: https://www.econbiz.de/10010284188
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Development and sector labor income shares
Schäfer, Daniel - 2024
The development accounting literature assumes that sector labor income shares and output per person across countries are not correlated. In this paper, I show that the data reject this assumption for a large set of countries. The labor shares in the manufacturing and the market-services sectors...
Persistent link: https://www.econbiz.de/10014540009
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Does the shadow economy raise observed aggregate efficiency? A cross-country comparison
Méon, Pierre-Guillaume; Schneider, Friedrich G.; … - 2006
We analyze how adding the shadow economy to official output figures affects technical efficiency. We find that this only slightly affects the ranking of efficiency scores, but increases average efficiency. Our results are robust to the functional form of the production technology and the...
Persistent link: https://www.econbiz.de/10010294534
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A global analysis of income distribution and capacity utilization interactions: The structuralist view
Vechsuruck, Tanadej - 2017
The demand and distributive regimes are estimated from 62 countries around the world based on the Structuralist Goodwin model. The distributive regime appears to be Marxian/profit-squeeze and the demand exhibits a weekly profit-led regime. The profitled demand regime and the profit-squeeze...
Persistent link: https://www.econbiz.de/10011882739
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Decentralizing aid with interested parties
Epstein, Gil S.; Gang, Ira N. - 2006
This paper analyzes the decentralization of decision-making in aid-giving in a theoretical rent-seeking framework. In this analysis the root donor establishes a necessary criterion for potential recipients: good governance. The potential recipients compete in hierarchal contests for funds. The...
Persistent link: https://www.econbiz.de/10010266336
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The hope for hysteresis in foreign aid
Epstein, Gil S.; Gang, Ira N. - 2006
We argue that a purpose of foreign aid is to whet the appetite of the recipient in order to bring about a long term commitment to what the donor perceives as a need, but which the recipient may rank lower down on his list of undertakings, or may be sufficiently resource constrained as to be...
Persistent link: https://www.econbiz.de/10010266355