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The democracy and economic growth nexus : do FDI and government spending matter? : evidence from the Arab world
Bougharriou, Nouha; Benayed, Walid; Gabsi, Foued Badr - 2019
The purpose of the paper is to examine the direct and indirect links between democracy and economic growth. To do so …–2013. This study focuses on two particular channels through which democracy affects growth, namely FDI inflows and public … consumption expenditure. The results show that there is no clear relationship between democracy and economic growth in the Arab …
Persistent link: https://www.econbiz.de/10011983284
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Normalized CES supply-side system approach : how to replicate Klump, McAdam, and Willman (2007)
Daniels, Gerald Eric <Jr.>; Kakar, Venoo - 2018
This paper lays out a replication plan for the influential paper by Klump et al. (Factor Substitution and Factor-augmenting Technical Progress in the United States: a Normalized Supply-side System Approach 2007) on using a normalized CES supply-side system approach to estimate the value of the...
Persistent link: https://www.econbiz.de/10011812682
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Uncertainty and capacity constraints : reconsidering the aggregate production function
Gracia, Eduard - 2011
The CobbDouglas function is today one of the most widely adopted assumptions in economic modeling, yet both its theoretical and empirical bases have long been under question. This paper builds an alternative function on very different (albeit also neoclassical) microfoundations aimed at both...
Persistent link: https://www.econbiz.de/10009382957
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Boats and tides and "trickle down" theories : what economists presume about wellbeing when they employ stochastic process theory in modeling behavior
Anderson, Gordon - 2012
Aphorisms that “rising tides raise all boats” or that material advances of the rich eventually “trickle down” to the poor are really maxims regarding the nature of stochastic processes that underlay the income/wellbeing paths of groups of individuals. This paper looks at the implications...
Persistent link: https://www.econbiz.de/10009665370
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Democracy and taxation
Balamatsias, Pavlos - 2018
research by assuming that democracy is not an exogenous variable. Instead, he uses the theory of Huntington (The third wave … 1993 to 2012. His explanatory variable is a dichotomous democracy measure, but he alters his analysis from previous …: Democratization in the late twentieth century, 1991) and the methodology of Acemoglu et al. (Democracy does cause growth, 2014) about …
Persistent link: https://www.econbiz.de/10011843034
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Do economic and financial integration stimulate economic growth? : a critical survey
Ehigiamusoe, Kizito Uyi; Hooi Hooi Lean - 2019
The recent vote by Britain to quit European Union (EU) and the political pressures in some member countries to exit EU necessitates a critical evaluation of the long-run economic benefits of economic integration or union to member countries. Consequently, this paper examines recent empirical...
Persistent link: https://www.econbiz.de/10011955400
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Identifying global and national output and fiscal policy shocks using a GVAR
Chudik, Alexander; Pesaran, M. Hashem; Mohaddes, Kamiar - 2018
Persistent link: https://www.econbiz.de/10012672302
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The new growth theories and their empirics after twenty years
Capolupo, Rosa (contributor) - 2009
In this work the author updates the reviews on endogenous growth theories in order to explore whether recent empirical studies have become more supportive of their main predictions. Among the core topics studied in the growth econometric framework, namely convergence, identification of growth...
Persistent link: https://www.econbiz.de/10003812708
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The export-productivity link for Brazilian manufacturing firms
Cirera, Xavier; Lederman, Daniel; Mañez Castillejo, Juan A. - 2015
This paper explores the link between exports and total factor productivity (TFP) in Brazilian manufacturing firms over the period 2000–2008. The Brazilian experience is instructive as it is a case of an economy that expanded aggregate exports significantly, but with stagnant aggregate TFP...
Persistent link: https://www.econbiz.de/10011299228
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Can you teach an old dog new tricks? : new evidence on the impact of tenure on productivity
Gagliardi, Nicola; Grinza, Elena; Rycx, François - 2021
Persistent link: https://www.econbiz.de/10012658869