Books reviewed: Peter Nolan, China at the Crossroads Hubert Strauss, Demand and Supply of Aggregate Exports of Goods and Services: Multivariate Cointegration Analyses for the United States, Canada, and Germany Horst Siebert (ed.), Macroeconomic Policies in the World Economy James R. Markusen,...

Purpose – Penn World Tables (PWT) data on output measured at international prices are the data most frequently used in cross-country growth regressions. These data are subject to revision, and the amendments can be substantial for a minority of countries, although negligible for most. The...

We expand Hanushek and Kimko's (2000) analysis of the relationship between schooling quality, as measured by scores in international tests, and growth. We take account of another fifteen years of growth and approximately twice as many test score results. We treat the data first as a panel,...

We use Synthetic Control Methodology to estimate the output loss in Tunisia as a result of the "Arab spring". Our results suggest that each Tunisian citizen lost, on average, an estimated US$ 600 (5.5 percent of GDP), US$ 574 (5.1 percent of GDP) and US$ 735 (6.4 percent of GDP) in 2011, 2012...

We expand Hanushek and Kimko’s (2000) analysis of the relationship between schooling quality, as measured by scores in international tests, and growth. We take account of another fifteen years of growth and approximately twice as many test score results. We treat the data first as a panel,...