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What Type of Finance Matters for Growth? Bayesian Model Averaging Evidence

Hasan, Iftekhar - 2017

This paper examines the effect of finance on long-term economic growth using Bayesian model averaging to address model uncertainty in cross-country growth regressions. The literature largely focuses on financial indicators that assess the financial depth of banks and stock markets. These...

Persistent link: https://www.econbiz.de/10012969486

Weak Instruments in Growth Regressions : Implications for Recent Cross-Country Evidence on Inequality and Growth

Kraay, Aart - 2017

This paper revisits four recent cross-country empirical studies on the effects of inequality on growth. All four studies report strongly significant negative effects, using the popular system generalized method of moments estimator that is frequently used in cross-country growth empirics. This...

Persistent link: https://www.econbiz.de/10012970632

Ethiopia?S Growth Acceleration and How to Sustain It?Insights from a Cross-Country Regression Model

Moller, Lars Christian - 2017

Ethiopia has experienced a growth acceleration over the past decade on the back of an economic strategy emphasizing public infrastructure investment and supported by heterodox macro-financial policies. To analyze the country?s growth performance during 2000?13, the paper employs a neoclassical...

Persistent link: https://www.econbiz.de/10012971637

On the Effect of Prior Assumptions in Bayesian Model Averaging with Applications to Growth Regression

Ley, Eduardo - 2016

This paper examines the problem of variable selection in linear regression models. Bayesian model averaging has become an important tool in empirical settings with large numbers of potential regressors and relatively limited numbers of observations. The paper analyzes the effect of a variety of...

Persistent link: https://www.econbiz.de/10012747733

Jointness in Bayesian Variable Selection with Applications to Growth Regression

Ley, Eduardo - 2016

The authors present a measure of jointness to explore dependence among regressors in the context of Bayesian model selection. The jointness measure they propose equals the posterior odds ratio between those models that include a set of variables and the models that only include proper subsets....

Persistent link: https://www.econbiz.de/10012747914

Agriculture Public Spending and Growth in Indonesia

Blanco Armas, Enrique - 2017

This paper analyzes the trends and evolution of public spending in the agriculture sector in Indonesia, as well as the … public spending on fertilizer subsidies had the opposite effect. The composition of spending patterns in Indonesia over the … findings about the impact of overall public spending on growth, with a particular focus on Indonesia, followed by an analysis …

Persistent link: https://www.econbiz.de/10012975437

Policy Challenges for Emerging and Developing Economies : Lessons from the Past Decade

Ruch, Franz Ulrich - 2020

The 2009 global recession demonstrated, once again, the importance of crisis prevention as well as the critical need for preserving policy room so that emerging market and developing economies (EMDEs) can act when their economies are hit by shocks. And now, with the global growth outlook still...

Persistent link: https://www.econbiz.de/10012839626

New Evidence on the Cyclicality of Fiscal Policy

Carneiro, Francisco - 2017

This paper presents new evidence on the patterns of cyclicality in the fiscal policy stance of developing and industrialized countries over a period of more than three decades covering 180 countries during 1980?2012. First, the paper considers issues of robustness in the choice of the proxy for...

Persistent link: https://www.econbiz.de/10012971636

Entrepreneurship, Public Policy, and Cities

Lerner, Josh - 2017

Since the 2008-09 global financial crises, interest among policy makers in promoting innovative, ventures has exploded. The emerging great hubs of entrepreneurial activity, like Bangalore, Dubai, Shanghai, Silicon Valley, Singapore, and Tel Aviv, bear the unmistakable stamp of the public sector....

Persistent link: https://www.econbiz.de/10012973210

Solow in Transition : Macro and Micro Determinants of Savings in Armenia

Coulibaly, Souleymane - 2017

This paper analyzes and reconciles macro and micro evidence on savings and factors that affect savings, as well as possible policy implications. At the aggregate level, the main question is how savings are affected by growth and macroeconomic policies and variables (fiscal policy, exchange rate,...

Persistent link: https://www.econbiz.de/10012974165

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