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obsolete and make business service outsourcing via cross-border trade more feasible. Although the (service-led) growth … to trade commercial- and specialized business services on long-run growth by applying a dynamic panel data approach to … account for unobserved country specific effects and endogenous growth determinants. The system GMM estimates validate that a …
Persistent link: https://www.econbiz.de/10010291838
It is frequently suggested that export diversification contributes to an acceleration of growth in developing countries … international competition. Vertical diversification out of primary into manufactured exports is also associated with growth since … vertical export diversification are positively correlated with economic growth. Yet there have been remarkably few empirical …
Persistent link: https://www.econbiz.de/10010291858
of societal risk transfer mechanisms mitigating the effects disasters. Dynamic panel estimates using growth data from a …
Persistent link: https://www.econbiz.de/10010293431
We estimate the speed of income convergence for a sample of 196 European NUTS 2 regions over the period 1985-1999. So far there is no direct estimator available for dynamic panels with strong spatial dependencies. We propose a two-step procedure, which involves first spatial filtering of the...
Persistent link: https://www.econbiz.de/10010295552
between different diversification strategies and farm performance (farm growth rates). The results of fixed- and random … products increases growth rates whereas the opposite applies for diversification into unrelated products. Initial farm size has … a significant and negative impact on the rate of growth which implies ßconvergence of farm sizes. …
Persistent link: https://www.econbiz.de/10010297123
We conduct an extensive robustness analysis of the relationship between trust and growth for a later time period (the … results. We find that the trust-growth relationship is less robust with respect to empirical specification and to countries in … compared with many other growth-regression variables. …
Persistent link: https://www.econbiz.de/10010321616
firm growth, survival, size and age. While these studies have resulted in findings that aresufficiently consistent as to … therelationships between firm age and size on the one hand, and survival and growth on the other may, infact, not be the same in …. The resultssuggest that the most fundamental relationships between firm size, age, survival and growth arestrikingly …
Persistent link: https://www.econbiz.de/10010324693
Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...
Persistent link: https://www.econbiz.de/10010324788
There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post … remarkable long-running panel data set for rural households in Zimbabwe. We find that risk substantially reduces growth: in the …, the first micro-based estimate of the effect of shocks on growth. About two-thirds of the impact of risk is due to the ex …
Persistent link: https://www.econbiz.de/10010324821
. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyze the effects on inflation …
Persistent link: https://www.econbiz.de/10011604661