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negatively and independently from the effect of life expectancy. There is no correlation with GDP. Econometric analysis of the …
Persistent link: https://www.econbiz.de/10011476047
In this brief, we provide a back-of-the-envelope estimate of the impact of current mitigation measures on the 2020 GDP …. Furthermore, our granular dataset is broken down at the level of industrial activity within counties, which allows us to make GDP … forecasts at the county level.We estimate that the real GDP growth rate will decline 5 percent for each month of partial …
Persistent link: https://www.econbiz.de/10012837601
This article introduces original annual average years of schooling measures for each state from 1840 to 2000. The paper also combines original data on real state per-worker output with existing data to provide a more comprehensive series of real state output per worker from 1840 to 2000. These...
Persistent link: https://www.econbiz.de/10013032858
Following Bai (2004) and Bai and Ng (2004) we estimate a common factor representation of a panel of output series for India, disaggregated by 15 states and 14 broad industry groups. We find that a single common "V-Factor" accounts for a large part of the significant shift in the cross-sectional...
Persistent link: https://www.econbiz.de/10003809921
This paper exploits the unexpected decline of deaths from cardiovascular diseases since the 1970s as a large positive health shock that affected predominantly old-age mortality; i.e., the fourth stage of the epidemiological transition. Using a differences-in-differences estimation strategy, we...
Persistent link: https://www.econbiz.de/10011349461
We set up a simple overlapping generation model that allows us to distinguish between life expectancy and active life expectancy. We show that individuals optimally adjust to a longer active life by educating more and, if the labor supply elasticity is high enough, by supplying less labor. When...
Persistent link: https://www.econbiz.de/10009619090
) entrepreneurship and economic growth.This paper revisits each of these relationships using US state-level real GDP per capita, the …
Persistent link: https://www.econbiz.de/10013093550
We distinguish between U.S. aid and non-U.S. aid and study the effects on growth in recipient countries. Our analysis exploits time variation in aid due to changes in the supply of U.S. aid and cross-sectional variation in a country's tendency to receive any U.S. aid. We find that U.S. aid has a...
Persistent link: https://www.econbiz.de/10012961022
In this paper we examine strategies of business incubation in the following countries: the USA, Germany and Russia using both a comparative theoretical analysis of different performance criteria of business incubators and interviewing experts who work directly with startup companies. We find...
Persistent link: https://www.econbiz.de/10012933617
The macroeconomic experience of the last decade stressed the importance of jointly studying the growth and business cycle fluctuations behavior of the economy. To analyze this issue, we embed a model of Schumpeterian growth into an estimated medium-scale DSGE model. Results from a Bayesian...
Persistent link: https://www.econbiz.de/10012054578