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his empirical study consists of an econometric test of the complementary effect of trade and education on long run growth. The tests are perfomed using a mixed specification built on the Benhabib and Spiegel [7] model and include an estimator of trade openness. Regressions are run on a long term...
Persistent link: https://www.econbiz.de/10005630748
Summary This paper analyses the speed and patterns of economic convergence in the new EU Member States of Central and Eastern Europe during transition and the first years of EU membership. After a brief discussion of measurement and data issues, the paper provides stylised facts on growth and...
Persistent link: https://www.econbiz.de/10010820196
Within the causal structure of economic development, we can distinguish between short-term and long-term causal links. In particular, this study examines long-term short-term causal relations in economic development. We construct a balanced panel for 72 countries over the period from 1980 to...
Persistent link: https://www.econbiz.de/10011124120
The paper focuses on the long-term determinants of economic development and demographic transition and identifies the causal structure governing the triad of high income, high human development and low fertility rates defined as the “developed lifestyle”. We construct a balanced panel for 72...
Persistent link: https://www.econbiz.de/10011065341
We look at two emerging economies, Brazil and China, and propose an evaluation of their recent development in terms of growth performance and the evolution of income inequality. Our analysis therefore seems to be related to the well-known Kuznets-curve and theory. The latter, however, populates...
Persistent link: https://www.econbiz.de/10011201321
In this paper I emphasize the contribution of technical change towards productivity growth in explaining the relative East Germany-West Germany performance during the post-world war II era 1955-95.
Persistent link: https://www.econbiz.de/10005209384
Recent empirical research has suggested that there is a robust causal relationship running from equipment investment to economic groth. The stutus of this association as a "stylised fact" is examined. The data indicate that other forms of investment also have strong associations with economic...
Persistent link: https://www.econbiz.de/10005777141
This paper discusses links between policy settings, institutions and economic growth in OECD countries on the basis of cross-country time-series regressions. The econometric approach allows short-term adjustments and convergence speeds to vary across countries, imposing restrictions only on the...
Persistent link: https://www.econbiz.de/10005046257
This paper analyses the policy and institutional determinants of long-run economic growth for a sample of OECD and non-OECD countries, with two objectives. First, it assesses the extent to which the main findings from growth regressions covering industrial countries are robust to a larger sample...
Persistent link: https://www.econbiz.de/10008838315
We investigate, both theoretically and quantitatively, a previously unexplored link between adult mortality and growth. Our mechanism allocates a central role to individuals as carriers of useful ideas and to personal contact as an important means of passing on the useful ideas to future...
Persistent link: https://www.econbiz.de/10011123978