Showing 1 - 10 of 363
This paper examines the causal relationship between energy efficiency and economic growth based on panel data for 56 … high- and middle-income countries from 1978 to 2012. Using a panel vector autoregression approach, the study finds evidence … of a long-run Granger causality from economic growth to lower energy intensity for all countries. The study also finds …
Persistent link: https://www.econbiz.de/10012954323
This paper examines the growth patterns of emerging Europe and the Commonwealth of Independent States (CIS) countries …
Persistent link: https://www.econbiz.de/10012976091
unemployment. In the Commonwealth of Independent States (CIS) it has led to hidden unemployment (underemployment and low … contrast, in the CIS for most workers unemployment is not an affordable option. They either stick to their old, unproductive …, underemployment in the CIS is a mirror image of unemployment in the European transition economies. Accordingly, the high employment …
Persistent link: https://www.econbiz.de/10012748060
weak exogeneity in panel cointegration models. The test has a limiting Gumbel distribution that is obtained by first … letting the time dimension of the panel go to infinity and then letting its cross-sectional dimension go to infinity.The paper …
Persistent link: https://www.econbiz.de/10012972704
Despite sustained output growth since 1997, low-income Commonwealth of Independent States (CIS) countries (CIS-7) have … growth. The author addresses the causes of this phenomenon in the CIS-7. He argues that the lack of job creation is explained …
Persistent link: https://www.econbiz.de/10012748041
Access to debt relief under the Highly Indebted Poor Country Initiative enhanced the growth performance across Sub-Saharan Africa, especially in the subset of debt-ridden low-income countries. Over the past few years, these Completion Point countries have enjoyed significantly higher investments...
Persistent link: https://www.econbiz.de/10012975535
This paper assesses the extent to which debt overhang poses a constraint to economic activity in Emerging Europe, as the region emerges from the recent financial and economic crisis. At the macroeconomic level, it finds that the external imbalance problem for Emerging Europe has been in most...
Persistent link: https://www.econbiz.de/10012975793
Nigeria's oil boom has not brought an end to perennial stagnation in the non-oil economy. Is this the unavoidable consequence of the resource boom or have misguided policies contributed? This paper indicates that the extreme volatility of expenditure rather than Dutch Disease effects are behind...
Persistent link: https://www.econbiz.de/10012747716
This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical. An estimate of the relationship between trade and...
Persistent link: https://www.econbiz.de/10012937557
labeled as "jobless growth." For the first time for Morocco, this paper uses quarterly panel data to investigate the question …
Persistent link: https://www.econbiz.de/10012973446