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Seven replies to the critiques of Modern Money Theory

Tymoigne, Éric - 2021

Modern Money Theory (MMT) has generated considerable scrutiny and discussions over the past decade. While it has gained some acceptance in the financial sector and among some politicians, it has come under strong criticisms from all sides of the academic spectrum and from conservative political...

Persistent link: https://www.econbiz.de/10012818360

Macroeconomic determinants of exit from aid-dependence

Hailu, Degol; Shiferaw, Admasu - 2012

maintaining moderate inflation, the rate of investment; aggressive effort at domestic resource mobilisation; and structural change …

Persistent link: https://www.econbiz.de/10010293266

Institutions and FDI: Evidence from developed and developing countries

Sabir, Samina; Rafique, Anum; Abbas, Kamran - In: Financial Innovation 5 (2019) 1, pp. 1-20

This study investigates the impact of institutional quality on Foreign Direct Investment (FDI) inflows using panel data … Generalized Method of Moments (GMM). The empirical results confirm that institutional quality has a positive impact on FDI in all … stability, regulatory quality, rule of law, and voice and accountability for FDI inflows are greater in developed countries than …

Persistent link: https://www.econbiz.de/10012602805

Human capital and macroeconomic growth: Austria and Germany 1960 - 1997. An update

Koman, Reinhard; Marin, Dalia - 1999

In an influential paper Mankiw, Romer, and Weil (1992) argue that the evidence on the international disparity in per-capita income levels and growth rates is consistent with a standard Solow model, once it has been augmented to include human capital as an accumulable factor. In a study on...

Persistent link: https://www.econbiz.de/10010291916

Weather and income: Lessons from the main European regions

García-León, David - 2015

Some recent papers by Dell et al. (2009) and Dell et al. (2012) (DJO) relating weather and economic outcomes, have delivered meaningful messages with clear implications to the effects of a changing climate. In a nutshell, the authors claim that a 1êC increase in global average temperatures...

Persistent link: https://www.econbiz.de/10011307270

Understanding Economic Growth in the Caribbean Region: A Conceptual and Methodological Study

Fuentes, J. Rodrigo; Melgarejo, Karl; Mercer-Blackman, … - 2015

A renewed interest in explaining growth in the Caribbean countries is motivated by the somewhat slow but uneven performance in the past decade: per capita GDP gaps in Caribbean countries have widened in relation to the United States, whereas standard theories would predict convergence. This...

Persistent link: https://www.econbiz.de/10011314214

Lights, camera...income!: Estimating poverty using national accounts, survey means, and lights

Pinkovskiy, Maxim; Sala-i-Martin, Xavier - 2014

In this paper, we try to understand whether measures of GDP per capita taken from the national accounts or measures of mean income or consumption derived from household surveys better proxy for true income per capita. We propose a data-driven method to assess the relative quality of GDP per...

Persistent link: https://www.econbiz.de/10011340979

Study on quality of public finances in support of growth in the mediterranean partner countries of the EU

De Wulf, Luc; Coutinho, Leonor; Sassanpour, Cyrus; … - 2010

Until the early 1990s, the discussions on fiscal policy primarily centered on the functions of economic stabilization, income redistribution and resource allocation. Long-term growth was not usually viewed as an end itself, and fiscal policy was often not sufficiently tailored to the different...

Persistent link: https://www.econbiz.de/10010326589

Another look at foreign aid

Ranis, Gustav - 2013

The foreign aid landscape has undergone a paradigm shift in the last few decades, with changes in the behaviour of 'traditional' donors and a new focus on selectivity in aid disbursement, as well as 'new' donors and South-South co-operation playing an increasingly important role. Amidst these...

Persistent link: https://www.econbiz.de/10010333709

Aid to Africa: The changing context

Addison, Tony; Singhal, Saurabh; Tarp, Finn - 2013

To continue its economic growth and create new and better livelihoods, Africa must transform the productive side of its economy. Ongoing globalization - in trade, finance, and technology - opens up new possibilities for structural transformation, but also new risks as Africa's integration with...

Persistent link: https://www.econbiz.de/10010343247

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