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From its inception, the Penn World Tables (PWT), building on the International Comparisons Program (ICP)of the United …
Persistent link: https://www.econbiz.de/10012747809
surveys on expectations and implied statistics of predictive models. The BCEF procedure is applied to produce world GDP growth …
Persistent link: https://www.econbiz.de/10012901276
presents comparable estimates, as well as a database, that use the same specification, estimation procedure, and similar data … definition of the dependent variable, the set of control variables, the sample definition, and the estimation method for all …
Persistent link: https://www.econbiz.de/10012972785
The co-dependence between assets tends to increase when the market declines. This paper develops a correlation measure … focusing on market declines using the expected shortfall (ES), referred to as the ES-implied correlation, to improve the … existing value at risk (VaR)-implied correlation. Simulations which define period-by-period true correlations show that the ES …
Persistent link: https://www.econbiz.de/10012894654
statistically significant correlation with GDP per capita. Among the lower-income group, greater dependence on nonrenewable natural …
Persistent link: https://www.econbiz.de/10012967897
The World Bank has used an income classification to group countries for analytical purposes for many years. Since the … the World Bank's international extreme poverty line in middle income countries than in low income countries. These changes … in the world economy, along with a rapid increase in the user base of World Bank data, suggest that a review of the …
Persistent link: https://www.econbiz.de/10012969901
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
GDP correlation, either directly through bilateral trade, or indirectly when two countries trade with similar partners …
Persistent link: https://www.econbiz.de/10012857746
The authors examine empirically how domestic structural characteristics related to openness and product- and factor-market flexibility influence the impact that terms-of-trade shocks can have on aggregate output. For this purpose, they apply an econometric methodology based on semi-structural...
Persistent link: https://www.econbiz.de/10012747888
some of the limitations of randomized trials and other quantitative impact evaluation methods; it also explores the …
Persistent link: https://www.econbiz.de/10012976624