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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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Variance and Skewness in Density Predictions : A World GDP Growth Forecast Assessment
Mendez Ramos, Fabian - 2019
The paper introduces a Bayesian cross-entropy forecast (BCEF) procedure to assess the variance and skewness in density forecasting. The methodology decomposes the variance and skewness of the predictive distribution accounting for the shares of selected risk factors. The method assigns...
Persistent link: https://www.econbiz.de/10012901276
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Policy Implications of Non-Linear Effects of Tax Changes on Output
Gunter, Samara - 2019
An earlier paper titled "Non-linear effects of tax changes on output: The role of the initial level of taxation," estimated tax multipliers using (i) a novel dataset on value-added taxes for 51 countries (21 industrial and 30 developing) for the period 1970-2014, and (ii) the so-called narrative...
Persistent link: https://www.econbiz.de/10012893919
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The Global Trade Slowdown : Cyclical or Structural?
Constantinescu, Cristina - 2018
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
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Effects of Income Inequality on Aggregate Output
Brueckner, Markus - 2017
This paper estimates the effect of income inequality on real gross domestic product per capita using a panel of 104 countries during the period 1970?2010. The empirical analysis addresses endogeneity issues by using instrumental variables estimation and controlling for country and time fixed...
Persistent link: https://www.econbiz.de/10012971546
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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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Potential Growth : Outlook and Options for the Russian Federation
Okawa, Yoki - 2018
the baseline scenario, Russia's potential growth is expected to continue its gradual downward trend, from 1.5 percent in … Russia's potential growth rate to 3.0 percent by 2028. Under the assumptions discussed in the paper, pension reform … increase in Russia's potential growth rate. Potential growth is found to be most sensitive to changes in total factor …
Persistent link: https://www.econbiz.de/10012907090