The article reviews announced fiscal stimulus packages in 43 countries. In March 2009, the total announced for stimulus plans is US$ 2.18 trillion, or 3.5% of world's GDP, mostly in higher income economies. The majority of these recovery packages contain measures to stimulate firms, consumers,...

There is no significant relationship between the improvement in happiness and the long term rate of growth of GDP per capita. This is true for three groups of countries analyzed separately - 17 developed, 9 developing, and 11 transition - and also for the 37 countries taken together. Time series...

This paper provides new evidences about the determinants of institutional quality. Given the shortcomings of governance indicators, we first discuss the criteria employed to judge institutional quality. Then, we identify the factors that, according to these criteria, shape the quality of...

Acemoglu, Johnson, Robinson, and Yared (2008) document that the cross-country correlation between income per capita and democracy disappears once including country fixed effects. This paper tests the hypothesis that the effect of income on democracy might differ systematically across countries....

Does higher income cause democracy? Accounting for the dynamic nature and highpersistence of income and democracy, we find a statistically significant positive relationbetween income and democracy for a postwar period sample of up to 150 countries. Ourresults are robust across different model...

Im ifo Schnelldienst sollen einige bedeutende Industrie- und Schwellenländer anhand wichtiger Globalisierungsindikatoren vorgestellt werden. Die Analyse beschränkt sich auf die Jahre ab 2001 bis zum aktuellen Rand. Die Reihe beginnt mit diesem Beitrag zu Deutschland.

Im ifo Schnelldienst sollen einige bedeutende Industrie- und Schwellenländer anhand wichtiger Globalisierungsindikatoren vorgestellt werden. Die Analyse beschränkt sich auf die Jahre ab 2001 bis zum aktuellen Rand. Die Reihe beginnt mit diesem Beitrag zu Deutschland.

Starting with the significant differences between the European Union member states regarding the implementation of the sustainable development goals stipulated by the United Nations and the transition from the fossil fuel economy to the one based on the principles of bio-economics, the article...

This volume was prepared by Benedikt Heid while he was working at the ifo Institute and the University of Bayreuth. It was completed in December 2013 and accepted as a doctoral thesis by the Department of Economics at the Ludwig-Maximilians-Universität München. It includes six self-contained...

Schumpeter's concept of creative destruction as the engine of capitalist development is well-known. However, that the destructive part of creative destruction is a social cost and therefore biases our estimate of the impact of the innovation on NNP and on welfare is hardly acknowledged, with the...