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Was Singapore extraordinary? A comparative view of Singapore's saving performance 1965-99
Hopf, Gregor - 2009
Singapore's sustained high saving performance was far from extraordinary once the country's particular circumstances are … econometrically controlled for. Singapore's saving performance should therefore not be regarded as a mere blip in economic history. As … extraordinary. Singapore was able to overcome its low initial saving performance much faster and much more strongly than could have …
Persistent link: https://www.econbiz.de/10010302748
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Steam as a General Purpose Technology: A Growth Accounting Perspective
Crafts, Nicholas F. R. - London School of Economics and Political Science - 2003
In recent years there has been an upsurge of interest among growth economists in General Purpose Technologies (GPTs). A GPT can be defined as "a technology that initially has much scope for improvement and evntually comes to be widely used, to have many uses, and to have many Hicksian and...
Persistent link: https://www.econbiz.de/10005870597
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Macroeconomic determinants of exit from aid-dependence
Hailu, Degol; Shiferaw, Admasu - 2012
This paper analyses macroeconomic aspects of exit from aid-dependence. By 'exit from aid', we mean substantial and enduring decline over time in Official Development Assistance (ODA) as a share of Gross Domestic Product (GDP). The relevant macroeconomic variables are identified by systematically...
Persistent link: https://www.econbiz.de/10010293266
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The impact of inflation targeting on unemployment in developing and emerging economies
Divino, Jose Angelo - 2009
Several countries around the world have adopted the inflation targeting regime for monetary policy. Despite the growing literature on the issue, it is not clear whether developing and emerging countries can improve their economic performance by adopting inflation targeting. This working paper...
Persistent link: https://www.econbiz.de/10010293308
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Solving consumption models with multiplicative habits
Carroll, Christopher D. - 2000
This paper provides derivations necessary for solving an optimal consumption problem with multiplicative habits and a CRRA 'outer' utility function either for a microeconomic problem with both labor income risk and rate-of-return risk or for a macroeoconomic representative agent model.
Persistent link: https://www.econbiz.de/10010293504
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The relationship between housing investment and economic growth in China: A panel analysis using quarterly provincial data
Chen, Jie; Zhu, Aiyong - 2008
In this paper we investigate the long-run and short-run relationship between housing investment and economic growth in China using the quarterly province-level panel data for the period 1999 q1 to 2007 q4. Recently developed econometric techniques for panel unit root testing and heterogeneous...
Persistent link: https://www.econbiz.de/10010321479
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Does Free Trade Really Reduce Growth? Further Testing Using the Economic Freedom Index
Berggren, Niclas; Jordahl, Henrik - 2003
While studies of the relationship between economic freedom and economic growth have shown it to be positive, significant and robust, it has rightly been argued that different areas of economic freedom may have quite different effects on growth. Along that line, Carlsson and Lundström (2002)...
Persistent link: https://www.econbiz.de/10010321548
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Desarrollo del mercado accionario y crecimiento económico: Alguna evidencia para la Argentina
Lanteri, Luis - 2013
's economy. Apply Granger causality and exogeneity tests based on VEC (vector error correction) models with monthly data covering …
Persistent link: https://www.econbiz.de/10010325080
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Heterogeneous convergence
Young, Andrew T.; Higgins, Matthew J.; Levy, Daniel - 2013
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
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Promiscuous elites and economic development
Brezis, Elise S. - 2012
This paper analyzes the interconnection between elites and its effects on economic growth. For decades, the bureaucratic elite has been joining the business elite after leaving office, and this in growing numbers. This relationship has been termed the revolving door in English, pantouflage in...
Persistent link: https://www.econbiz.de/10010335988