Showing 1 - 10 of 1,396
Using the Kilts Nielsen Consumer Panel (KNCP), this paper documents new stylized facts on expenditure and income growth …. Next, I document that movers' income growth displays higher variance than non-movers', both before and after moving. Movers …' expenditure growth also exhibits higher variance than non-movers' before and after the move. These findings suggest that movers …
Persistent link: https://www.econbiz.de/10013321905
As non-financial corporate sector savings tend to increase globally, its effect on the current account balance assumes particular significance for macrofinancial stability. This study investigates the relationship between current account balance and (non-financial) corporate savings for a panel...
Persistent link: https://www.econbiz.de/10014236744
This paper investigates the effect of child dependency on the economy and external imbalances under an asymmetric demographic and productivity transition within a lifecycle model. It embeds dependent children within a two-country model with lifecycle features to examine child dependency’s...
Persistent link: https://www.econbiz.de/10013295892
Societies see growing support for populist politicians who advocate an end to globalization. Our behavioral economics model links impatience to voters' appraisals of an income shock due to globalization that is associated with short-run costs and delayed gains. The model shows that impatient...
Persistent link: https://www.econbiz.de/10012826005
Societies see growing support for populist politicians who advocate an end to globalization. Our behavioral economics model links impatience to voters’ appraisals of an income shock due to globalization that is associated with short-run costs and delayed gains. The model shows that impatient...
Persistent link: https://www.econbiz.de/10012258291
Cross-country growth regressions have in recent years become a major growth industry. The most common purpose of this … work has been to investigate the determinants of economic growth. But it is also possible to use the existing growth data … to determine the extent to which policy choices help or hinder growth. This paper generates estimates of the net …
Persistent link: https://www.econbiz.de/10010332290
In this paper we used the procedures developed in the Kumar and Russell (2002) growth-accounting study to examine cross …-country growth during the 1990's. Using a data set comprising developed, newly industrialized, developing and transitional economies …, we decomposed the growth of output per worker into components attributable to technological catch-up, technological …
Persistent link: https://www.econbiz.de/10010264980
After a decade of research on the relationship between institutions and growth, scholars in this field seem to be … divided. Economic institutions perform well in growth regressions and a body of literature argues that this supports the key … literature describes are the more stable political institutions, and these have been found to play no role in empirical growth …
Persistent link: https://www.econbiz.de/10010274856
This paper examines growth successes and failures across countries and notes the latter’s perplexing predominance among … investigation that brings forth evidence on the importance of natural resource endowment type on growth or, more appropriately, lack … growth than a resource endowment that is agricultural. The robustness of this result is tested across a number of growth …
Persistent link: https://www.econbiz.de/10010279017
addition to conventional factors of production to output growth, and thus it should be accounted for in total factor … productivity growth (TFPG) measurement and deducted from the .residual. A theoretical framework of growth accounting methodology … from a panel of 23 OECD countries, we show that emissions. growth have a statistically significant contribution to the …
Persistent link: https://www.econbiz.de/10010312301