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In this paper we use a transparent statistical methodology - synthetic control methods - to implement data-driven comparative studies about the impact of autocratic transition on real per capita GDP. The applied methodology compares the growth of countries that experienced a transition to...
Persistent link: https://www.econbiz.de/10010266104
In this paper we use a transparent statistical methodology – synthetic control methods – to implement data-driven comparative studies about the impact of autocratic transition on real per capita GDP. The applied methodology compares the growth of countries that experienced a transition to...
Persistent link: https://www.econbiz.de/10013147271
estimation of this relationship at the mean employing longitudinal data, with the typical finding supporting the inverted U shape …. Conditional mean estimation, however, can mask heterogeneities present at higher and/or lower quantiles of the emissions … fixed effects models to the estimation of the income-pollution relationship on U.S. state-level data on NOx (nitrogen oxide …
Persistent link: https://www.econbiz.de/10013095652
Coups and regime transitions are events that typically are intended to change the basic institutional framework of a country. Which specific policies change and the consequences of these changes nevertheless remains largely unknown. Change after a coup or transition implies that some form of...
Persistent link: https://www.econbiz.de/10012021629
This study looks at some non-conventional determinants of economic growth, with the help of the newly developed economic freedom index datasets of the Heritage Foundation/Wall Street Journal(HF/WSJ), which is a cumulative index derived from several sub-indices (trade freedom index, financial...
Persistent link: https://www.econbiz.de/10011448023
This paper is the first attempt to directly explore the long-run nonlinearity of the shadow economy. Using a dataset of 158 countries over the period from 1996 to 2015, our results reveal a robust U-shaped relationship between the shadow economy size and GDP per capita. Our results imply that...
Persistent link: https://www.econbiz.de/10012022432
Are natural resources a blessing or a curse? Bravo-Ortega and De Gregorio present a model in which natural resources have a positive effect on the level of income and a negative effect on its growth rate. The positive and permanent effect on income implies a welfare gain. There is a growth...
Persistent link: https://www.econbiz.de/10014067584
The ratio of money demand to GDP may increase with portfolio demand, monetization, and a deeper division of labor. Using a cross-section approach to money demand for 126 countries this study shows that the share of agriculture, life expectancy at birth, openness, and trust in the banking system...
Persistent link: https://www.econbiz.de/10009424483
Persistent link: https://www.econbiz.de/10001913835
disasters ; instrumental variable estimation ; panel econometrics …
Persistent link: https://www.econbiz.de/10009240715