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This paper uses panel data for 116 countries over the period 1995-2016 to investigate the heterogeneity of the debt-growth nexus across countries and the factors underlying it. In the first step, the grouped fixed effects (GFE) estimator proposed by Bonhomme and Manresa (2015) is used to...
Persistent link: https://www.econbiz.de/10012024045
The objective of this paper is to examine whether the threshold beyond which public debt may have a detrimental effect on economic growth changes across euro area countries during the 1961-2015 period. In contrast with previous studies, we do not use panel estimation techniques, but implement a...
Persistent link: https://www.econbiz.de/10012959846
This paper uses panel data for 116 countries over the period 1995-2016 to investigate the heterogeneity of the debt-growth nexus across countries and the factors underlying it. In the first step, the grouped fixed effects (GFE) estimator proposed by Bonhomme and Manresa (2015) is used to...
Persistent link: https://www.econbiz.de/10012867325
In Q3 2020, the pace of economic recovery in many countries turned out to be higher than expected. However, this growth only in part offset the deep recession that had been observed in Q2. In the majority of countries, output is well below its pre-crisis levels. The “second wave” of the...
Persistent link: https://www.econbiz.de/10013248365
We build a simple theoretical model to understand why developing and transition economieshave increasingly applied anti …
Persistent link: https://www.econbiz.de/10011342572
This paper deals with the experience gained in the area of poverty reduction and private sector development in Georgia. The Economic Development and Poverty Reduction Programme approved by the President of Georgia in 2003 has never been implemented because the Georgian Government had neither the...
Persistent link: https://www.econbiz.de/10013097190
also widely feared that it exacerbates unemployment especially in transition and development economies. This paper proposes … model explains how privatization affects employment in transition and developing economies through different, and often … intuitively appealing explanation for the job gains and losses caused by privatization in China during its transition. The model …
Persistent link: https://www.econbiz.de/10013066765
We build a simple theoretical model to understand why developing and transition economies have increasingly applied …
Persistent link: https://www.econbiz.de/10013318881
Persistent link: https://www.econbiz.de/10010219484
This research seeks to identify the factors that account for the variation in development levels across nations by focusing on the institutional components of development, especially the effects of financial market development on economic and political development. I argue that financial market...
Persistent link: https://www.econbiz.de/10009475007