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The relationship between economic growth and democracy : alternative representations of technological change
Heshmati, Almas; Kim, Nam-Seok - 2017
This study investigates the relationship between economic growth and democracy by estimating a nation's production … shifters model enabled this study to find possible known channels between economic growth and democracy. Empirical results … based on a panel data of 144 countries observed for 1980-2014 show that democracy had a robust positive impact on economic …
Persistent link: https://www.econbiz.de/10011704213
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A general model of technical change with an application to the OECD countries
Heshmati, Almas; Kumbhakar, Subal - 2011
In the neoclassical production functions model technical change (TC) is assumed to be exogenous and it is specified as a function of time. However, some exogenous external factors other than time can also affect the rate of TC. In this paper we model TC via a combination of time trend (purely...
Persistent link: https://www.econbiz.de/10009425734
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The impact of financial factors on the output gap and estimates of potential output growth
Felipe, Jesus; Sotocinal, Noli; Bayudan-Dacuycuy, Connie - 2015
The literature on the finance-growth nexus highlights the importance of the financial cycle for the estimation of …
Persistent link: https://www.econbiz.de/10011346261
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The Impact of Financial Factors on the Output Gap and Estimates of Potential Output Growth
Felipe, Jesus - 2015
The literature on the finance-growth nexus highlights the importance of the financial cycle for the estimation of …
Persistent link: https://www.econbiz.de/10013009417
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Transition to democracy, real wages and productivity: the Turkish experience
Taymaz, Erol; Voyvoda, Ebru; Yılmaz, Kamil - 2021
democracy in 1987 and test whether wages under democracy causes productivity. The Turkish experience provides almost an … that undergo an orderly transition from autocracy to democracy may achieve rapid productivity gains. …
Persistent link: https://www.econbiz.de/10012597043
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Estimation of technical change and TFP growth based on observable technology shifters
Heshmati, Almas; Rashidghalam, Masoomeh - 2016
This paper models and estimates total factor productivity (TFP) growth parametrically. The model is a generalization of the traditional production model where technology is represented by a time trend. TFP growth is decomposed into unobservable technical change, scale economies and observable...
Persistent link: https://www.econbiz.de/10011595871
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Estimation of technical change and TFP growth based on observable technology shifters
Heshmati, Almas; Rashidghalam, Masoomeh - 2017
This paper models and estimates total factor productivity (TFP) growth parametrically. The model is a generalization of the traditional production model where technology is represented by a time trend. TFP growth is decomposed into unobservable technical change, scale economies and observable...
Persistent link: https://www.econbiz.de/10012098960
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Aggregation versus heterogeneity in cross-country growth empirics
Eberhardt, Markus; Teal, Francis J. - 2011
aggregation and empirical misspecification, relying on both theory and empirical evidence. Using data for a stylised aggregate …
Persistent link: https://www.econbiz.de/10009419804
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Diffusion of technology and convergence of income among countries
Oz, Sumru - 2014 - Preliminary version; April 9, 2014
Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic mechanism of per capita income convergence among countries....
Persistent link: https://www.econbiz.de/10010251655
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Estimation of Cross-Country Differences in Industry Production Functions
Harrigan, James - 2007
International trade economists typically assume that there are no cross-country differences in industry total factor productivity (TFP). In contrast, this paper finds large and persistent TFP differences across a group of industrialized countries in the 1980s. The paper calculates TFP indices,...
Persistent link: https://www.econbiz.de/10012732403