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Newer need not be better : evaluating the Penn World Tables and the World Development Indicators using nighttime lights
Pinkovskiy, Maxim; Sala-i-Martin, Xavier - 2016
Nighttime lights data are a measure of economic activity whose measurement error is plausibly independent of the errors … of most conventional indicators. Therefore, we can use nighttime lights as an independent benchmark to assess existing … revisions of the PWT do not necessarily dominate their predecessors in terms of explaining nighttime lights (and thus, of …
Persistent link: https://www.econbiz.de/10011484020
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Newer Need Not Be Better : Evaluating the Penn World Tables and the World Development Indicators Using Nighttime Lights
Pinkovskiy, Maxim - 2017
Nighttime lights data are a measure of economic activity whose measurement error is plausibly independent of the errors … of most conventional indicators. Therefore, we can use nighttime lights as an independent benchmark to assess existing … revisions of the PWT do not necessarily dominate their predecessors in terms of explaining nighttime lights (and thus, of …
Persistent link: https://www.econbiz.de/10012969092
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Verlässlichkeit der EU-Methode zur Schätzung des Produktionspotenzials in Deutschland
Henzel, Steffen; Thürwächter, Claire - In: ifo Schnelldienst 68 (2015) 18, pp. 18-24
Seit 2012 steht die Produktionslücke im Zentrum der Regelbindung der Fiskalpolitik in der Europäischen Union im Rahmen des Fiskalpakts. Die Schätzwerte für die Produktionslücke legen den finanzpolitischen Spielraum fest, unter dem sich die Mitgliedsländer verschulden dürfen. Der Artikel...
Persistent link: https://www.econbiz.de/10011693869
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Regional inequality, convergence, and its determinants : a view from outer space
Lessmann, Christian; Seidel, André - 2015 - This version: 16.04.2015
This paper provides a new data set of regional income inequalities within countries based on satellite nighttime light data. We first empirically study the relationship between luminosity data and regional incomes for those countries where regional income data are available. We subsequently use...
Persistent link: https://www.econbiz.de/10010515477
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Regional Inequality, Convergence, and its Determinants - A View from Outer Space
Lessmann, Christian - 2015
This paper provides a new data set of regional income inequalities within countries based on satellite nighttime light data. We first empirically study the relationship between luminosity data and regional incomes for those countries where regional income data are available. We subsequently use...
Persistent link: https://www.econbiz.de/10013023191
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Economic convergence and structural change in the new member states of the European Union : convergence in volumes, prices and the share of services, with implications for wage con...
Obláth, Gábor; Palócz, Éva; Popper, Dávid; … - 2015
We analyze four interrelated aspects of economic convergence and their linkages over the period 1999-2013, drawing on the experiences of 26 member states of the European Union, with special focus on the ten Central and East-European new members (the EU10). These aspects are (1) real economic,...
Persistent link: https://www.econbiz.de/10011333487
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Real Convergence in the Euro Area : A Long-Term Perspective
Diaz del Hoyo, Juan Luis - 2017
In the euro area, there is mixed evidence that the GDP per capita of lower-income economies has been catching up with …
Persistent link: https://www.econbiz.de/10012941989
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Does Investment in Schooling Raise National Income? Evidence from Cross-Country Studies
Breton, Theodore R. - 2014
The economics literature identifies three effects of schooling on national income; the direct effect on the earnings of the workers who receive the schooling and the external effects on workers' earnings and on physical capital due to schooling's spillover effect on the productivity of these...
Persistent link: https://www.econbiz.de/10013067883
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The Illusions of Calculating Total Factor Productivity and Testing Growth Models : From Cobb–Douglas to Solow and Romer
Felipe, Jesus - 2020
This paper shows that because growth models in the tradition of Solow's and Romer's are framed in terms of production functions, they are equally subject to a criticism developed by, among others, Phelps Brown (1957), Simon (1979a), and Samuelson (1979). These authors argued that production...
Persistent link: https://www.econbiz.de/10012835343
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The Illusions of Calculating Total Factor Productivity and Testing Growth Models : From Cobb-Douglas to Solow and to Romer
Felipe, Jesus - 2019
This paper shows that because growth models in the tradition of Solow's and Romer's are framed in terms of production functions, they are equally subject to a criticism developed by, among others, Phelps Brown (1957), Simon (1979a), and Samuelson (1979). These authors argued that production...
Persistent link: https://www.econbiz.de/10012871740