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Defense literature is still in need of a theoretical framework in the neoclassical sense, in regard to empirical research on the relationship between defense spending and economic growth. In this respect, Dunne, Smith and Willenbockel (2005), although not without technical problems, represented...
Persistent link: https://www.econbiz.de/10011807212
This paper studies migration decisions of very poor households in an environment with a high level of violence. By … matching detailed retrospective data on violence levels in Colombian rural municipalities with a household survey collected for … problems of the sample and the key issue of endogeneity of violence. The main results show that high levels of violence …
Persistent link: https://www.econbiz.de/10010275745
This study examines the convergence in military expenditure and economic growth for a panel of 35 African countries between 1990 and 2015. We employ the Phillips and Sul methodology to achieve our objective. Overall, the results at Africa level reveal no evidence of convergence in military...
Persistent link: https://www.econbiz.de/10014001398
Higher education is in the position to save Europe by rendering a substantial contribution to sustainable economic growth. For that purpose higher education must strengthen its innovative power in entrepreneurship education and by focusing research more on societal problems, while being better...
Persistent link: https://www.econbiz.de/10010331415
This paper evaluates the effects of the North American Free Trade Agreement on the economic growth of Mexico, the United States and Canada by means of an augmented Solow growth model. Such a model is estimated with panel data through two econometric methods: 1) the Arellano-Bond dynamic panel...
Persistent link: https://www.econbiz.de/10012217600
The processes of economic convergence observed in many developing countries are characterized by reduction of economic differences on the between-country level, which are accompanied by growing internal economic inequalities. This may stem from the fact that in catching-up countries, a more...
Persistent link: https://www.econbiz.de/10012232611
The goal of this research paper is to empirically assess the potential effects of macroeconomic determinants of economic growth and to determine the impact of income inequality on economic growth in the long-run in ten former socialist countries from Central and Eastern Europe (CEE) which are...
Persistent link: https://www.econbiz.de/10011725049
In this paper, we present international comparisons of potential output growth among several economies —Canada, the euro area, France, Germany, Italy, Japan, the Netherlands, the United Kingdom, and the United States— for the period 1991-2004. The main estimates rely on a structural approach...
Persistent link: https://www.econbiz.de/10011604874
Colombia from the Great Integrated Household Survey 2010 (GISH), by the National Administrative Department of Statistics (DANE …
Persistent link: https://www.econbiz.de/10014494536
Although many U.S. state policies presume that human capital is important for state economic development, there is little research linking better education to state incomes. In a complement to international studies of income differences, we investigate the extent to which quality-adjusted...
Persistent link: https://www.econbiz.de/10011307079