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Variance and Skewness in Density Predictions : A World GDP Growth Forecast Assessment
Mendez Ramos, Fabian - 2019
-- combining ex-post and ex-ante market information. The generated asymmetric density forecasts use information derived from … forecasts for three-year horizons using information spanning the period of October 2005-August 2015. The scores indicate that … the BCEF density forecasts are more accurate and reliable than some na?ve?symmetric and normal distributed confidence …
Persistent link: https://www.econbiz.de/10012901276
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Nonrenewable Resources, Income Inequality and Per Capita GDP : An Empirical Analysis
Scognamillo, Antonio - 2017
This analysis examines the relationship between nonrenewable resource dependence, economic growth and income inequality. It uses a two-equation system in which the Gini index and GDP per capita are the dependent variables and the stock of nonrenewable resources as a share of national wealth --...
Persistent link: https://www.econbiz.de/10012967897
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Economic Development as Opportunity Equalization
Roemer, John E. - 2017
Economic development should be conceived of as the degree to which an economy has implemented an efficient and just distribution of economic resources. The ubiquitous measure of GDP per capita reflects a utilitarian conception of justice, where individual utility is defined as personal income,...
Persistent link: https://www.econbiz.de/10012974166
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Economic Structure, Development Policy and Environmental Quality : An Empirical Analysis of Environmental Kuznets Curves with Chinese Municipal Data
He, Jie - 2017
In many cases, the relationship between environmental pollution and economic development can be generally depicted by an inverted U-shaped curve, or an environmental Kuznets curve, where pollution increases with income at the beginning and decreases after a certain level of income. However, what...
Persistent link: https://www.econbiz.de/10012975841
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Service Export Sophistication and Economic Growth
Mishra, Saurabh - 2017
Can increasing sophistication in service exports lead to economic growth? Although services were historically produced primarily for domestic consumption, they are gradually becoming more productive, tradable and unbundled. The authors construct an index of "service exports sophistication" to...
Persistent link: https://www.econbiz.de/10012976086
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"Finding the Tipping Point -- When Sovereign Debt Turns Bad"
Caner, Mehmet - 2017
Public debt has surged during the current global economic crisis and is expected to increase further. This development has raised concerns whether public debt is starting to hit levels where it might negatively affect economic growth. Does such a tipping point in public debt exist? How severe...
Persistent link: https://www.econbiz.de/10012976419
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Good, Bad, and Ugly Colonial Activities : Studying Development Across the Americas
Gallego, Francisco A. - 2010
Levels of economic development vary widely within countries in the Americas. This paper argues that part of this variation has its roots in the colonial era. Colonizers engaged in different economic activities in different regions of a country, depending on local conditions. Some activities were...
Persistent link: https://www.econbiz.de/10013135470
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The Potential Impact of COVID-19 on GDP and Trade : A Preliminary Assessment
Maliszewska, Maryla - 2020
The virus that triggered a localized shock in China is now delivering a significant global shock. This study simulates the potential impact of COVID-19 on gross domestic product and trade, using a standard global computable general equilibrium model. It models the shock as underutilization of...
Persistent link: https://www.econbiz.de/10012837348
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The World Bank's Classification of Countries by Income
Fantom, Neil James - 2017
The World Bank has used an income classification to group countries for analytical purposes for many years. Since the present income classification was first introduced 25 years ago there has been significant change in the global economic landscape. As real incomes have risen, the number of...
Persistent link: https://www.econbiz.de/10012969901
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Real-Time Macro Monitoring and Fiscal Policy
Ley, Eduardo - 2017
This paper considers the effects of inaccurate real-time output data on fiscal management, both with respect to budgetary planning and fiscal surveillance. As newer and better information becomes available, output data available in real time get revised and are likely to conflict with final...
Persistent link: https://www.econbiz.de/10012974718