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New macro empirical evidence is provided to assess the relative importance of object and idea gaps in explaining the world income distribution dynamics over a benchmark period 1960-1985. Results are then extended through 1995. Formal statistical hypothesis tests allow us to discriminate between...
Persistent link: https://www.econbiz.de/10011596202
Incomes per capita have grown dramatically over the past two centuries, but the increase has been unevenly spread across time and across the world. Growth accounting is the principal quantitative tool for understanding this phenomenon, and for assessing the prospects for further increases in...
Persistent link: https://www.econbiz.de/10014025148
This study analyses which individual and institutional factors (causally) influence individuals in their educational career and in their choice for an occupation. Chapter 2 explores consequences of parental separation for cognitive skill development of children. In the year before parental...
Persistent link: https://www.econbiz.de/10011918288
The main objective of this study is to investigate the effect of interest rate, inflation rate, and GDP on real … the integration order of the variables. Acointegration analysis with four variables (economic growth, interest rate, GDP … rate. Finally regression used to test GDP, interest rate, and inflation rate together; results have shown that current GDP …
Persistent link: https://www.econbiz.de/10009755676
predicting unobserved true income). In particular, we find that the PWT 7.1 chain-based GDP series substantially outperforms the … of their price survey. We conclude that GDP series based on unadjusted domestic growth rates alone predict growth rates …
Persistent link: https://www.econbiz.de/10011484020
unit root in real GDP. The tests identify structural breaks at the start of the Black Death (1348) and the Wars of the … Roses (1457). The tests conclude that real GDP was otherwise trend stationary. Positive trend growth after 1457 suggests …
Persistent link: https://www.econbiz.de/10013306630
Does culture have a causal effect on economic development? The data on European regions suggest that it does. Culture is measured by indicators of individual values and beliefs, such as trust and respect for others, and confidence in individual self-determination. To isolate the exogenous...
Persistent link: https://www.econbiz.de/10013318438
This paper examines the role of religious denomination for human capital formation. We employ a unique data set which covers, inter alia, information on numerous measures of school inputs in 169 Swiss districts for the years 1871/72, 1881/82 and 1894/95, marks from pedagogical examinations of...
Persistent link: https://www.econbiz.de/10013316560
This paper examines the role of religious denomination for human capital formation. We employ a unique data set which covers, inter alia, information on numerous measures of school inputs in 169 Swiss districts for the years 1871/72, 1881/82 and 1894/95, marks from pedagogical examinations of...
Persistent link: https://www.econbiz.de/10013324833