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Volatility and growth: Governments are key

Jetter, Michael - In: European Journal of Political Economy 36 (2014) C, pp. 71-88

paper offers a solution to this disagreement, suggesting that volatility carries not only a positive direct effect, but also … effect of volatility is then ambiguous. The paper reveals the underlying endogeneity of government size in a balanced panel … a one standard deviation increase of volatility lowers growth by up to 0.52 percentage points in a democracy, but raises …

Persistent link: https://www.econbiz.de/10010939860

Economic growth in the Mid-Atlantic region: Conjectural estimates for 1720 to 1800

Rosenbloom, Joshua L.; Weiss, Thomas - In: Explorations in Economic History 51 (2014) C, pp. 41-59

extensive growth without a decline in living standards. To contemporaries this extensive growth and short-term volatility in …

Persistent link: https://www.econbiz.de/10010737802

The Norwegian productivity puzzle – not so puzzling after all?

Brasch, Thomas von - Statistisk Sentralbyrå, Government of Norway - 2015

The Norwegian productivity puzzle is rooted in three seemingly contradictory “facts”: First, Norway is one of the most productive OECD countries. Second, Norway has experienced high growth in productivity. Third, Norway has a relatively low level of R&D intensity. In this article, I show...

Persistent link: https://www.econbiz.de/10011165633

On the cyclical variability of economic growth in Italy, 1881–1913: a critical note

Sella, Lisa; Marchionatti, Roberto - In: Cliometrica, Journal of Historical Economics and … 6 (2012) 3, pp. 307-328

Since the 1950s, beginning with Gerschenkron’s classic article, a great number of studies have examined Italy’s economic growth in the post-Unification period; and the quantitative evidence has been much improved, particularly by Fenoaltea. However, the cyclical variability of the Italian...

Persistent link: https://www.econbiz.de/10010875696

Carbon dioxide emissions in the short run: The rate and sources of economic growth matter

Burke, Paul J.; Shahiduzzaman, Md; Stern, David I. - Crawford School of Public Policy, Australian National … - 2015

This paper investigates the short-run effects of economic growth on carbon dioxide emissions from the combustion of fossil fuels and the manufacture of cement for 189 countries over the period 1961–2010. Contrary to what has previously been reported, we conclude that there is no strong...

Persistent link: https://www.econbiz.de/10011265854

Los modelos DSGE: una respuesta de la discusión macroeconómica

Rendón, Álvaro Hurtado; González, Humberto Franco; … - UNIVERSIDAD EAFIT - 2011

Resumen:Los modelos de Equilibrio General Dinámico Estocástico (DSGE), parten de la teoría de equilibrio general aplicado que tiene influencia en la macroeconomía contemporánea. Su metodología explica los fenómenos económicos agregados, derivados de los principios microeconómicos y,...

Persistent link: https://www.econbiz.de/10010762835

Spatial Persistence of Demographic Shocks and Economic Growth

Azomahou, Théophile; Diebolt, Claude; Mishra, Tapas - Association Française de Cliométrie - AFC - 2007

This paper studies how the spatial effects of demographic system affects economic growth of different countries. Population growth shocks (whether in aggregate or in disaggregate form) in general have spatial movement that is deemed to contribute to economic growth fluctuations depending upon...

Persistent link: https://www.econbiz.de/10005609167

Intellectual property rights, technical progress and the volatility of economic growth

Chu, Angus C.; Leung, Charles K.Y.; Tang, Edward - In: Journal of Macroeconomics 34 (2012) 3, pp. 749-756

In this note, we analyze the effects of intellectual property rights on the volatility of economic growth. Our analysis … with a reduction in growth volatility beginning in the mid 1980s. To analyze this phenomenon, we develop an R … strength and R&D can lead to a significant reduction in growth volatility. We find a small but non-negligible effect that …

Persistent link: https://www.econbiz.de/10010595236

Growth-cycle nexus

Kodama, Masahiro - Institute of Developing Economies, Japan External Trade … - 2013

This research sheds light on the negative correlation between economic growth and business cycle in less developed economies. Whereas many previous studies explain the negative correlation from a viewpoint in which business cycle affects economic growth, we attempt to present a hypothesis based...

Persistent link: https://www.econbiz.de/10010625274

Analyzing Economic Growth From Structural Unobserved Component Modeling: The Case of Senegal

Ndiaye, Cheikh Tidiane; Bates, Samuel - Université Paris-Dauphine (Paris IX) - 2013

Using the structural unobserved component (UC) modeling, this study will analyze the Senegalese economic growth path after 5 decades of independence by focusing on the potential output, the GDP cycle, and the type of shocks on the GDP. Empirical evidence suggests that an inventory cycle mainly...

Persistent link: https://www.econbiz.de/10010717671