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Public Debt and Economic Growth : Further Evidence for the Euro Area

Gómez Puig, Marta - 2017

This paper empirically investigates the short and long-run impact of public debt on economic growth. We use annual data from both central and peripheral countries of the euro area (EA) for the 1961-2013 period and estimate a production function augmented with a debt stock term by applying the...

Persistent link: https://www.econbiz.de/10012947257

The welfare state and economic growth : econometric evidence from Germany

Reichel, Richard - In: Review of Economic Analysis : REA 14 (2022) 3, pp. 343-360

This paper attempts to analyze the growth effects of social security expenditures in Germany from a time series perspective. Therefore, a regression model based on standard determinants of growth is specified and estimated as a vector error correction model. Results show that there is a...

Persistent link: https://www.econbiz.de/10013554913

The Level and Growth Effects in Empirical Growth Models for the Nordic Countries : A Knowledge Economy Approach

Cooray, Arusha V. - 2012

We estimate the steady state growth rate for the Nordic countries using a “knowledge economy” approach. An endogenous growth framework is employed, in which total factor productivity is a function of human capital (measured by average years of education), trade openness, research and...

Persistent link: https://www.econbiz.de/10013102859

Testing the Easterlin Hypothesis with Panel Data : The Dynamic Relationship between Life Satisfaction and Economic Growth in Germany and in the UK

Pfaff, Tobias - 2014

a) long-term panel data and estimation with individual fixed effects, b) regional GDP per capita with a higher variation …. Using long-term panel data for Germany and the United Kingdom, we do not find robust evidence for a relationship between GDP …

Persistent link: https://www.econbiz.de/10013063878

Testing the easterlin hypothesis with panel data : the dynamic relationship between life satisfaction and economic growth in Germany and the UK

Pfaff, Tobias; Hirata, Johannes - 2013 - This version: February, 2013

Persistent link: https://www.econbiz.de/10009747819

Heterogeneity in the Debt-Growth Nexus : Evidence from EMU Countries

Gómez Puig, Marta - 2017

reforms that can increase their potential GDP. Moreover, as our results suggest that the harmful impact of debt on growth does …

Persistent link: https://www.econbiz.de/10012959846

Unraveling the Fortunates of the Fortunate : An Iterative Bayesian Model Averaging (IBMA) Approach

Eicher, Theo S. - 2007

We investigate country heterogeneity in cross-country growth regressions. In contrast to the previous literature that focuses on low-income countries, this study also highlights growth determinants in high-income (OECD) countries. We introduce Iterative Bayesian Model Averaging (IBMA) to address...

Persistent link: https://www.econbiz.de/10012777687

Is Dualism Still a Source of Convergence in Europe?

Paci, Raffaele; Pigliaru, Francesco - 1998

This paper aims at assessing whether dualistic mechanisms represent a significant component of the aggregate labor productivity convergence observed across the European regions in the 1980s. The potential of an explanation of convergence based in part, at least, on the existence of dualism in...

Persistent link: https://www.econbiz.de/10014073863

Political contributions and the price of credit risk : evidence from credit default swaps

Fang, Shunlan; Hanouna, Paul; Ovtchinnikov, Alexei V.; … - 2017

Firm political contributions are associated with lower credit default swap spreads for contributing firms. To address endogeneity, we employ novel instruments and use a set of exogenous events on campaign contribution restrictions: (a) the passage of the Bipartisan Campaign Reform Act (BCRA)...

Persistent link: https://www.econbiz.de/10011955864

Do large recessions reduce output permanently? : conference paper

Hosseinkouchack, Mehdi; Wolters, Maik H. - 2013

lower real GDP permanently or whether we can expect a rebound to earlier trend levels. Using a recent quantile … autoregression unit root test we check whether shocks to real GDP have permanent or temporary effects. In contrast to earlier studies … root hypothesis at the conditional mean of GDP, but also in the tails of the distribution where the lower tail corresponds …

Persistent link: https://www.econbiz.de/10010340611