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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

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

Social capability, history and the economies of Communist and post-Communist states

Iliev, Peter; Putterman, Louis - 2005

transition to a market economy. Our findings are generally affirmative, with an interesting pattern for the Eurasian socialist …

Persistent link: https://www.econbiz.de/10010318883

Early starts, reversals and catchup in the process of economic development

Chanda, Areendam; Putterman, Louis - 2004

Early states like China, India, Italy and Greece have been experiencing more rapid economic growth in recent decades than have later-comers to agriculture and statehood like New Guinea, the Congo, and Uruguay. We show that more rapid growth by early starters has been the norm in economic...

Persistent link: https://www.econbiz.de/10010318983

From welfare to farewell: The European social-ecological state beyond economic growth

Laurent, Éloi - 2021

This working paper is intended to shed light on a pressing issue: the apparent growth-dependency of European welfare states at a time of weak growth prospects and strong criticisms of growth. Indeed, while the notion of going beyond GDP growth is gaining momentum in the European Union, as...

Persistent link: https://www.econbiz.de/10014565948

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

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

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

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

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