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Human capital and economic development : a macroeconomic assessment
Gundlach, Erich - 1996
Despite abundant microeconomic level evidence, the role of human capital in economic development has not been well documented at the macroeconomic level. Up to now, many empirical macro studies lack a consistent theoretical foundation. In addition, the wide range of published results seems to...
Persistent link: https://www.econbiz.de/10011472072
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Are long-run output growth rates falling?
Li, Mengheng; Mendieta-Muñoz, Ivan - 2018
-varying parameter models that incorporate both stochastic volatility and a Heckman-type two-step estimation procedure that deals with …
Persistent link: https://www.econbiz.de/10011823990
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On the estimation of the volatility-growth link : conference paper
Launov, Andrey; Posch, Olaf; Wälde, Klaus - 2013
It is common practice to estimate the volatility-growth link by specifying a standard growth equation such that the variance of the error term appears as an explanatory variable in this growth equation. The variance in turn is modelled by a second equation. Hardly any of existing applications of...
Persistent link: https://www.econbiz.de/10010341161
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Chapter 4 The new empirics of economic growth
Durlauf, Steven N.; Quah, Danny T. - In: Handbook of macroeconomics : volume 1, part A, (pp. 235-308). 1999
We provide an overview of recent empirical research on patterns of cross-country growth. The new empirical regularities considered differ from earlier ones, e.g., the well-known Kaldor stylized facts. The new research no longer makes production function accounting a central part of the analysis....
Persistent link: https://www.econbiz.de/10014024246
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Human capital and economic development : a macroeconomic assessment
Gundlach, Erich - 1996
Persistent link: https://www.econbiz.de/10013261255
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Estimation of Growth in Fund Models
Kardaras, Constantinos; Keun Koo, Hyeng; Ruf, Johannes - 2022
-optimal portfolio only involves investment in the aforementioned funds. The loss of growth due to estimation error in fund models under … local frequentist estimation is determined entirely by the number of funds. Furthermore, under a general filtering framework … for Bayesian estimation, the loss of growth increases as the investment universe does. A shrinkage method that targets …
Persistent link: https://www.econbiz.de/10013403340
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Consumption Externalities and Growth : Theory and Evidence for the United States
Petach, Luke - 2018
We study a series of growth models in which households' preferences display `jealousy' or `external habits': a negative dependence on average consumption. We argue that accounting for consumption externalities in growth models requires consideration of both their static and dynamic effects. In a...
Persistent link: https://www.econbiz.de/10012932544
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Debt-led growth and its financial fragility : an investigation into the dynamics of a supermultiplier model
Avritzer, Joana David - In: PSL quarterly review 75 (2022) 302, pp. 241-262
This paper discusses the financial sustainability of demand-led growth models. We assume a supermultiplier growth model in which household consumption is the autonomous component of demand that drives growth and discuss the financial sustainability of such dynamics of growth from the perspective...
Persistent link: https://www.econbiz.de/10014230824
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Non-nested tests of a GDP-augmented Fama–French model versus a conditional Fama–French model in the Australian stock market
Faff, Robert W.; Gharghori, Philip; Nguyen, Annette - In: International review of economics & finance : IREF 29 (2014), pp. 627-638
Persistent link: https://www.econbiz.de/10010432291
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Expected Investment Growth and the Cross Section of Stock Returns
Li, Jun - 2018
We propose a measure of corporate investment plans, namely, the expected investment growth (EIG). We document a robust finding that firms with high EIG have larger future investment growth and earn significantly higher returns than firms with low EIG, which cannot be fully explained by leading...
Persistent link: https://www.econbiz.de/10012935108