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When will New Zealand catch up with Australia?
Le, Trinh - East Asian Bureau of Economic Research (EABER) - 2008
New Zealands average income, defined as GDP per capita, is now three quarters that of Australia and even lower than in … Australias poorest state, Tasmania. Over the last seven years, New Zealand has grown slightly faster than Australia, but at these … rates, it would still take 140 years to close the trans-Tasman income gap. To catch up with Australia in five to 10 years …
Persistent link: https://www.econbiz.de/10009365494
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Natural disasters and macroeconomic performance : the role of residential investment
Strulik, Holger; Trimborn, Timo - 2014
Recent empirical research has shown that income per capita in the aftermath of natural disasters is not necessarily lower than before the event. Income remains in many cases not significantly affected or, perhaps even more surprisingly, it responds positively to natural disasters. Here, we...
Persistent link: https://www.econbiz.de/10010255055
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Natural disasters and macroeconomic performance
Strulik, Holger; Trimborn, Timo - 2016
Recent empirical research has shown that output and GDP per capita in the aftermath of natural disasters are not necessarily lower than before the event. In many cases, both are not significantly affected and, surprisingly, sometimes they are found to respond positively to natural disasters....
Persistent link: https://www.econbiz.de/10011534396
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Natural disasters and macroeconomic performance : the role of residential investment
Strulik, Holger; Trimborn, Timo - 2014 - First Version: March 2014. This Version: September 2014
Recent empirical research has shown that income per capita in the aftermath of natural disasters is not necessarily lower than before the event. In many cases, income is not significantly affected and surprisingly, can even respond positively to natural disasters. Here, we propose a simple...
Persistent link: https://www.econbiz.de/10010429129
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The neoclassical growth of China
Fernández-Villaverde, Jesús; Ohanian, Lee E.; Yao, Wen - 2023
This paper studies China's four-fold increase in per capita GDP relative to the U.S. between 1995 and 2019. First, we argue that China's growth pattern is very similar to that of several other East Asia economies that initially grew very quickly. Second, we show that a minimalist...
Persistent link: https://www.econbiz.de/10014293308
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Life Expectancy, Labor Supply, and Long-Run Growth: Reconciling Theory and Evidence
Strulik, Holger; Werner, Katharina - 2012
We set up a three-period overlapping generation model in which young individuals allocate their time to schooling and work, healthy middle aged individuals allocate their time to leisure and work and their income to consumption and savings for retirement, and old age individuals live off their...
Persistent link: https://www.econbiz.de/10010294422
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Modern Infectious Diseases: Macroeconomic Impacts and Policy Responses
Bloom, David E.; Kuhn, Michael; Prettner, Klaus - 2020
We discuss and review literature on the macroeconomic effects of epidemics and pandemics since the late 20th century. First, we cover the role of health in driving economic growth and well-being and discuss standard frameworks for assessing the economic burden of infectious diseases. Second, we...
Persistent link: https://www.econbiz.de/10012322424
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The Neoclassical Growth of China
Fernández-Villaverde, Jesús; Ohanian, Lee; Yao, Wen - 2023
This paper studies China's four-fold increase in per capita GDP relative to the U.S. between 1995 and 2019. First, we argue that China's growth pattern is very similar to that of several other East Asia economies that initially grew very quickly. Second, we show that a minimalist...
Persistent link: https://www.econbiz.de/10014377473
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Natural disasters and macroeconomic performance: The role of residential investment
Strulik, Holger; Trimborn, Timo - 2014
Recent empirical research has shown that income per capita in the aftermath of natural disasters is not necessarily lower than before the event. In many cases, income is not significantly affected and surprisingly, can even respond positively to natural disasters. Here, we propose a simple...
Persistent link: https://www.econbiz.de/10010427140
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Natural disasters and macroeconomic performance
Strulik, Holger; Trimborn, Timo - 2016
Recent empirical research has shown that output and GDP per capita in the aftermath of natural disasters are not necessarily lower than before the event. In many cases, both are not significantly affected and, surprisingly, sometimes they are found to respond positively to natural disasters....
Persistent link: https://www.econbiz.de/10011535117