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Cities exist because of the productivity gains arising from clustering production and workers, a process called agglomeration. How important is agglomeration for aggregate growth? This paper constructs a dynamic stochastic general equilibrium model of cities and uses it to estimate the effect of...
Persistent link: https://www.econbiz.de/10013134020
I examine whether action-based fiscal consolidations are exogenous to contemporaneous GDP growth. Based on the narrative record, these fiscal consolidations had the primary objective to reduce a budget deficit. I find that temperature changes, the GDP growth rate of trading partners, and an...
Persistent link: https://www.econbiz.de/10013220168
The authors construct a dynamic general equilibrium model of cities and use it to estimate the effect of local agglomeration on per capita consumption growth. Agglomeration affects growth through the density of economic activity: higher production per unit of land raises local productivity....
Persistent link: https://www.econbiz.de/10008660588
Cities exist because of the productivity gains arising from clustering production and workers, a process called agglomeration. How important is agglomeration for aggregate growth? This paper constructs a dynamic stochastic general equilibrium model of cities and uses it to estimate the effect of...
Persistent link: https://www.econbiz.de/10014198993
Most developing and underdeveloped countries beside Sudan suffer from the low levels of income in addition to the low savings that are result from the lack of sophisticated savings channels. Hence, the investment depends on the individual's abilities on self savings, where the investment is...
Persistent link: https://www.econbiz.de/10014180024
Development aid does not always exert the desired positive effect on economic growth in recipient countries and it is even feared that it may reduce total factor productivity (TFP) and may discourage recipient countries ́efforts. This study seeks to contribute to the research on aid...
Persistent link: https://www.econbiz.de/10011383601
This paper examines the impact of terrorism on economic growth and capital formation using data for 152 countries from 1970 to 2003.During the past thirty-five years, the world has witnessed nearly twenty thousand terrorist incidents. The increasingly global scope of terrorism has raised...
Persistent link: https://www.econbiz.de/10014059225
) according to the achieved level of environmental performance in agriculture and climate change in 2020. The data used for this … statistical analysis were employed. The study focuses on Climate change and Agriculture, two factors of the Ecosystem Vitality … between the two environmental policy areas, agriculture and climate change. Also, the cluster analysis showed that most of the …
Persistent link: https://www.econbiz.de/10014281867
This paper provides evidence regarding gains to agricultural market liberalization in China. We empirically identify the different effects that incentive reforms and gradual market liberalization have on China's agricultural economy during its transition period. We find that average gains within...
Persistent link: https://www.econbiz.de/10014109448
Global food markets demand the adoption of food standards by small-scale farmers in developing countries when they enter international markets. While a conventional certification with GlobalGAP can be a market entry condition for conventional food, especially for horticultural products, organic...
Persistent link: https://www.econbiz.de/10009771195