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If someone lives in an economically depressed place, they were probably born there. The presence of people with local ties – a preference to live in their birthplace – leads to smaller migration responses. Smaller migration responses to wage declines lead to lower real incomes and make real...
Persistent link: https://www.econbiz.de/10012182408
median real GDP growth falls abruptly. Our work is the first to formally test for threshold effects in the relationship … between public debt and median real GDP growth. The null hypothesis of no threshold effect is rejected at the 5 percent … threshold for economic growth may exist around a relatively small debt-to-GDP ratio of 30 percent. Empirical results are more …
Persistent link: https://www.econbiz.de/10010403485
This survey reviews the recent research on trust, institutions and growth. It discusses the various measures of trust … and documents the substantial heterogeneity of trust across space and time. The conceptual mechanisms and the methods … employed to identify the causal impact of trust on economic performance are reviewed. We document the mechanisms of …
Persistent link: https://www.econbiz.de/10009763283
Persistent link: https://www.econbiz.de/10010413101
Scandinavian, and British models. The role of trust in securing micro and macro flexibility also receives attention, leading to the …
Persistent link: https://www.econbiz.de/10011408196
The paper extends Breggren et al. (2008, EE) on "trust and growth: a shaky relationship" by incorporating recent … developments in the trust-growth literature and using a robust methodological underpinning that accounts for the presence of … documented positive trust-growth nexus is broadly confirmed. Secondly, when initial levels of growth come into play in …
Persistent link: https://www.econbiz.de/10011409952
The paper extends Breggren et al. (2008, EE) on "trust and growth: a shaky relationship" by incorporating recent … developments in the trust-growth literature and using a robust methodological underpinning that accounts for the presence of … documented positive trust-growth nexus is broadly confirmed. Second, when initial levels of growth come into play in determining …
Persistent link: https://www.econbiz.de/10011794974
This paper analyzes the intertemporal variation of trust on economic growth. Constructing a unique global country panel … between trust and growth. 2 Thisrelationship corroborates earlier panel data results but challenges findings that posit a … general positive relationship between trust and growth. Only a minority of global economies can attain a position close to or …
Persistent link: https://www.econbiz.de/10014446570
Some harm reduction strategies encourage individuals to switch from a harmful addictive good to a less harmful addictive good. This approach is controversial, with advocates claiming it helps switching to a less harmful substance, and opponents claiming it may lead to new substance abuse. This...
Persistent link: https://www.econbiz.de/10013541771
Persistent link: https://www.econbiz.de/10010484341