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The human development index as isoelastic GDP : evidence from China and Pakistan
Bechtel, Gordon G. - In: Economies : open access journal 6 (2018) 2, pp. 1-9
Gross domestic product (GDP) is shown to possess three new desiderata. First, GDP is almost perfectly correlated over time with the first principal component of its three classical indicators. Second, this principal component is in a class of weighted indexes ancillary to GDP. Each ancillary...
Persistent link: https://www.econbiz.de/10011854775
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Terms-of-Trade Changes, Real GDP, and Real Value Added in the Open Economy : Reassessing Hong Kong's Growth Performance
Kohli, Ulrich - 2007
Real GDP tends to underestimate the increase in real domestic value added, real GDI, and welfare when the terms of trade improve. An improvement in the terms of trade is similar to a technological progress. The national accounts treat the two phenomena very unevenly, however, with a change in...
Persistent link: https://www.econbiz.de/10012729381
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Democracy and economic growth : optimal level and transmission channels
Mo, Pak Hung - In: Frontiers of economics in China : selected publications … 10 (2015) 1, pp. 85-112
Persistent link: https://www.econbiz.de/10010518676
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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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Growth Without Governance
Kaufmann, Daniel; Kraay, Aart - 2004
It is well known that there is a strong positive correlation between per capita incomes and the quality of governance across countries. Kaufmann and Kraay propose an empirical strategy that allows separation of this correlation into (1) a strong positive causal effect running from better...
Persistent link: https://www.econbiz.de/10014114375
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The relationship between economic growth and democracy : alternative representations of technological change
Kim, Nam-Seok; Heshmati, Almas - 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/10012114598
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The political U : new evidence on democracy and income
Campos, Nauro; Coricelli, Fabrizio; Frigerio, Marco - 2022
This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960 … support. These findings are robust to, among others, using night-lights instead of GDP, different democracy measures and …
Persistent link: https://www.econbiz.de/10013412764
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The political u : new evidence on democracy and income
Coricelli, Fabrizio; Campos, Nauro; Frigerio, Marco - 2022 - v. 2
Persistent link: https://www.econbiz.de/10013382158
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The aggregation problem : implications for ecological and biophysical economics
Fix, Blair - 2019
This article discusses the aggregation problem and its implications for ecological economics. The aggregation problem consists of a simple dilemma: when adding heterogeneous phenomena together, the observer must choose the unit of analysis. The dilemma is that this choice affects the resulting...
Persistent link: https://www.econbiz.de/10012053632
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The Impact of Formal and Informal Institutions on Per Capita Income
Dobler, Constanze - 2010
Despite the many approaches of neoclassical and endogenous growth theory, economists still face problems explaining the reasons for income differences between countries. Institutional economics and the deep determinants of growth literature try to depart from pure economic facts to examine...
Persistent link: https://www.econbiz.de/10013141261