Showing 1 - 10 of 365
Housing prices diverge from construction prices after 1997 in four major countries. Besides, TFP differences between construction and the general economy account for the evolution of construction prices in the U.S. and Germany, but not in the U.K. and Spain
Persistent link: https://www.econbiz.de/10013117819
This paper takes stock of the global economic recovery a decade after the 2008 financial crisis. Output losses after the crisis appear to be persistent, irrespective of whether a country suffered a banking crisis in 2007-08. Sluggish investment was a key channel through which these losses...
Persistent link: https://www.econbiz.de/10012869286
This paper seeks to illuminate the uncertainty in official GDP per capita measuresusing auxiliary data. Using satellite-recorded nighttime lights as an additional measurementof true GDP per capita, we provide a statistical framework, in which the error inofficial GDP per capita may depend on the...
Persistent link: https://www.econbiz.de/10012869295
Using a dynamic factor model that allows for changes in both the long-run growth rate of output and the volatility of business cycles, we document a significant decline in long-run output growth in the United States. Our evidence supports the view that most of this slowdown occurred prior to the...
Persistent link: https://www.econbiz.de/10012994838
Monthly economic indicators support policy analysis of current economic developments and forecasting. This paper presents an overview of the data and statistical requirements to develop those indicators taking into account resource constraints that LIC typically face. We review statistical...
Persistent link: https://www.econbiz.de/10012831610
Contrary to the views expressed by some commentators, the methodology adopted for measuring growth in gross value added in Indian manufacturing in India’s national accounts is quite reliable. There are no reasons to believe that there is a mismeasurement of the manufacturing sector’s gross...
Persistent link: https://www.econbiz.de/10014254571
This study examines the relationship between Financial Sector Development and Economic Growth in Ghana using time series data from 1980-2009. The study investigates empirically the impact of financial sector development on economic growth in Ghana using the Granger Causality Test, the Johansen...
Persistent link: https://www.econbiz.de/10014126296
The islands of Cyprus and Malta have been considered as similar economically to other South-Eastern European states, despite the lack of historical evidence to prove it. The paper uses recently complied primary sector output estimates for the interwar period (1921 – 1938) to evaluate that the...
Persistent link: https://www.econbiz.de/10014080435
The informal sector (IS) plays a significant role in developing countries viz. the provision of employment, income and supplying ignored markets. However, working and employment conditions within the sector are still poor. Its expansion and changing structures have thus drawn the attention of...
Persistent link: https://www.econbiz.de/10010293528
The informal sector (IS) plays a significant role in developing countries viz. the provision of employment, income and supplying ignored markets. However, working and employment conditions within the sector are still poor. Its expansion and changing structures have thus drawn the attention of...
Persistent link: https://www.econbiz.de/10008905233