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We exploit the cross-country differences in economic freedom to examine the link between the quality of institutions and subjective well-being. Using Veenhoven's happiness dataset, the evidence suggests countries with better economic institutions and higher level of economic freedom, captured by...
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growth to augment existing income growth measures, under the assumption that measurement error in using observed light as an … indicator of income is uncorrelated with measurement error in national income accounts. For countries with good national income … official data. Lights data also allow for measurement of income growth in sub- and supranational regions. As an application, we …
Persistent link: https://www.econbiz.de/10012463450
In this paper we propose a new approach to international comparisons of real GDP measured from the output-side. The traditional Geary-Khamis system to measure real GDP from the expenditure-side is modified to include differences in the terms of trade between countries. It is shown that this...
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We analyze a model for N different measurements of a persistent latent time series when measurement errors are mean …
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activity. The relationship is identified by accounting for varying degrees of measurement errors in nighttime light data across …
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activity. The relationship is identified by accounting for varying degrees of measurement errors in nighttime light data across …
Persistent link: https://www.econbiz.de/10014082217
accounting for varying degrees of measurement errors in nighttime light data across countries. We estimate that the elasticity is …
Persistent link: https://www.econbiz.de/10014029970