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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 … biased and inconsistent estimate of the volatility-growth link. Our simulations show that this effect is large. Once the … equation must include relevant control variables to estimate the volatility-growth link. …

Persistent link: https://www.econbiz.de/10010341161

Emergency aid 2.0 : conference paper

Fuchs, Andreas; Klann, Nils-Hendrik - 2013 - This version: December 2012. Work in progress

Does the proliferation of aid donors lead to visible changes in the world of foreign assistance? Aid provided by low- and middle-income countries, autocratic regimes and donors operating outside the Development Assistance Committee (DAC) of the OECD is gaining in importance. This article uses...

Persistent link: https://www.econbiz.de/10010340003

Geopolitics, aid and growth : conference paper

Dreher, Axel; Eichenauer, Vera; Gehring, Kai - 2014

We investigate the effects of short-term political motivations on the effectiveness of foreign aid. Donor countries political motives might reduce the effectiveness of conditionality, channel aid to inferior projects, reduce the aid bureaucracy s effort, and change the power structure in the...

Persistent link: https://www.econbiz.de/10010487721

Oppressive governments, US closeness, and anti-US terrorism : conference paper

Gries, Thomas; Meierrieks, Daniel; Redlin, Margarete - 2014 - (Draft version, do not cite: 2014-02-28)

Since the 9/11 attacks more attention has been given to the question why the United States is a major target for transnational terrorism. What conditions motivate these terrorist activities? Are there specific characteristics in the terrorists home countries that provide a breeding ground for...

Persistent link: https://www.econbiz.de/10010489839

Risk of rare disasters, Euler equation errors and the performance of the C-CAPM : conference paper

Posch, Olaf; Schrimpf, Andreas - 2013

This paper shows that the consumption-based asset pricing model (C-CAPM) with low-probability disaster risk rationalizes large pricing errors, i.e., Euler equation errors. This result is remarkable, since Lettau and Ludvigson (2009) show that leading asset pricing models cannot explain sizeable...

Persistent link: https://www.econbiz.de/10010338284

Growth and welfare effects of health care in knowledge based economies : conference paper

Kuhn, Michael; Prettner, Klaus - 2013

We study the effects of a labor-intensive health care sector within an R&D-driven growth model with overlapping generations. Health care increases longevity and labor participation/productivity. We examine under which conditions expanding health care enhances growth and welfare. Even if the...

Persistent link: https://www.econbiz.de/10010338973

Structural change and the Kaldor facts in a growth model with relative price effects and non-Gorman preferences : conference paper

Boppart, Timo - 2013

Growth is associated with (i) shifts in the sectoral structure of the economy, (ii) changes in relative prices and (iii) the Kaldor facts. Moreover, (iv) cross-sectional data shows systematic differences in the expenditure structure across income groups. This paper presents a growth model which...

Persistent link: https://www.econbiz.de/10010342236

Capital- and labor-augmenting technical change in the neoclassical growth model : conference paper

Irmen, Andreas; Tabakovic, Amer - 2014 - Preliminary and incomplete, This version: March 1, 2014

The determinants of the direction of technical change and the implications for economic growth are studied in the one-sector neoclassical growth model of Ramsey (1928), Cass (1965), and Koopmans (1965) extended to allow for endogenous capital- and labor-augmenting technical change. For this...

Persistent link: https://www.econbiz.de/10010490615

Job polarization and structural change : conference paper

Bárány, Zsófia L.; Siegel, Christian - 2014

Job polarization is a widely documented phenomenon in developed countries since the 1980s: employment has been shifting from middle to low- and high-income workers, while average wage growth has been slower for middle-income workers than at both extremes. We document 1) that polarization has...

Persistent link: https://www.econbiz.de/10010482521

Human capital, basic research, and applied research : three dimensions of human knowledge and their differential growth effects ; conference paper

Prettner, Klaus; Werner, Katharina - 2014

We analyze the di fferential growth e ffects of basic research, applied research, and embodied human capital accumulation in an R&D-based growth model with endogenous fertility and endogenous education. In line with the empirical evidence, our model allows for i) a negative association between...

Persistent link: https://www.econbiz.de/10010485995

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