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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
Penn World Tables (PWT) and of the World Development Indicators (WDI) better estimate true income per capita. We find that … constant-price series in both PWT 8.0 and PWT 8.1, the two most recent vintages of the PWT. We additionally find that the World … Development Indicators are as good, and often better, measures of unobserved true income as any recent vintages of the Penn World …
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
Penn World Tables (PWT) and of the World Development Indicators (WDI) better estimate true income per capita. We find that … constant-price series in both PWT 8.0 and PWT 8.1, the two most recent vintages of the PWT. We additionally find that the World … Development Indicators are as good, and often better, measures of unobserved true income as any recent vintages of the Penn World …
Persistent link: https://www.econbiz.de/10012969092
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Do natural resources depress income per capita?
Arezki, Rabah; Ploeg, Frederick van der - 2010
Most evidence for the resource curse comes from cross-country growth regressions suffers from a bias originating from the high and ever-evolving volatility in commodity prices. This paper addresses these issues by providing new cross-country empirical evidence for the effect of resources in...
Persistent link: https://www.econbiz.de/10003969214
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Space and growth
Abreu, Maria; Groot, Henri L. F. de; Florax, Raymond J. … - 2004
This paper reviews the empirical literature on growth and convergence that has addressed the importance of spatial factors. An important distinction in this literature is the one between absolute and relative location. The literature on absolute location predominantly uses non-spatial...
Persistent link: https://www.econbiz.de/10011342567
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The Relative Richness of the Poor? Natural Resources, Human Capital, and Economic Growth
Bravo-Ortega, Claudio; de Gregorio, Jose - 2005
Are natural resources a blessing or a curse? Bravo-Ortega and De Gregorio present a model in which natural resources have a positive effect on the level of income and a negative effect on its growth rate. The positive and permanent effect on income implies a welfare gain. There is a growth...
Persistent link: https://www.econbiz.de/10014067584
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Tracing empirical trails of Schumpeterian development
Peneder, Michael - 2004
Schumpeterian development is characterised by the simultaneous interplay of growth and qualitative transformations of the economic system. At the sectoral level, such qualitative transformations become manifest as variations in the sectoral composition of production. Following the implementation...
Persistent link: https://www.econbiz.de/10011494555
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Growth miracles and failures in a Markov switching classification model of growth
Kerekes, Monika - 2009
Acknowledging the fact that the growth experience of countries is seldom well described by the average growth rate, this paper aims at identifying countries that are similar in terms of their growth process, thus emphasizing the dynamics of growth rates. To that end, the growth experience of...
Persistent link: https://www.econbiz.de/10003876023
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The Economic Effects of Human Rights
Blume, Lorenz; Voigt, Stefan - 2006
Economists are often skeptical concerning the economic effects of various forms of human rights: it has been argued that basic human rights can make the legal system less efficient but also that extensive social rights are incompatible with market economies. It is argued here that basic human...
Persistent link: https://www.econbiz.de/10014067383
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Tracing empirical trails of Schumpeterian development
Peneder, Michael - 2004
Persistent link: https://www.econbiz.de/10002209124
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The complex relationship between international tourism demand and economic growth : an analysis on Central and Eastern European economies
Bădulescu, Alina; Bădulescu, Daniel; Simuț, Ramona - In: Amfiteatru economic : an economic and business research … 20 (2018) 12, pp. 935-950
Tourism is widely considered as driver for economic growth, and the "tourism-led-growth hypothesis" is often … investigated in the literature. However, there is very limited literature examining how economic growth impacts tourism, an impact … economic growth on the number of international tourism arrivals and also on the international tourism receipts during 1995 …
Persistent link: https://www.econbiz.de/10014474884