Showing 1 - 10 of 157
Persistent link: https://www.econbiz.de/10003966429
Persistent link: https://www.econbiz.de/10009790554
We estimate an empirical model of consumption disasters using a new panel data set on personal consumer expenditure for … consumption of about 30%, but that roughly half of this decline is reversed in a subsequent recovery. Uncertainty about … consumption growth increases dramatically during disasters. Our estimated model generates a sizable equity premium from disaster …
Persistent link: https://www.econbiz.de/10013094829
welfare cost of aggregate consumption uncertainty. In the baseline simulation, the welfare cost of disaster risk is large …
Persistent link: https://www.econbiz.de/10005050113
In 1997-98, five east Asian countries -- Indonesia, Malaysia, South Korea, the Philippines, and Thailand -- experienced sharp currency and banking crises. The contraction of real GDP was severe in relation to the previous history and in comparison with five east Asian countries that were less...
Persistent link: https://www.econbiz.de/10005830262
Economic and political developments affect religiosity, and the extent of religious participation and beliefs influence economic performance and political institutions. We study these two directions of causation in a broad cross-country panel that includes survey information over the last 20...
Persistent link: https://www.econbiz.de/10005778665
Empirical research on the determinants of economic growth has typically neglected the influence of religion. To fill this gap, we use international survey data on religiosity for a broad panel of countries to investigate the effects of church attendance and religious beliefs on economic growth....
Persistent link: https://www.econbiz.de/10005575101
Research on economic growth has exploded in the past decade. Hundreds of empirical studies on economic growth across countries have highlighted the correlation between growth and a variety of variables. Determinants of Economic Growth, based on Robert Barro's Lionel Robbins Memorial Lectures,...
Persistent link: https://www.econbiz.de/10004973010
This graduate level text on economic growth surveys neoclassical and more recent growth theories, stressing their empirical implications and the relation of theory to data and evidence. The authors have undertaken a major revision for the long-awaited second edition of this widely used text, the...
Persistent link: https://www.econbiz.de/10004973169
Persistent link: https://www.econbiz.de/10003874371