Showing 51 - 60 of 157,963
The authors examine empirically how domestic structural characteristics related to openness and product- and factor-market flexibility influence the impact that terms-of-trade shocks can have on aggregate output. For this purpose, they apply an econometric methodology based on semi-structural...
Persistent link: https://www.econbiz.de/10004989864
The authors document the vast expansion of schooling over the past several decades, as well as convergence in schooling measures across countries. They make the observation that poor countries today have higher average education levels than countries at the same level of economic development had...
Persistent link: https://www.econbiz.de/10004989876
least three different perspectives. A macroeconomic approach that relies on cross-country data on poverty, inequality, and … approach, in particular, builds on the observation that growth, changes in poverty, and changes in inequality are simply …
Persistent link: https://www.econbiz.de/10008641484
better place to weather such a severe crisis. The impact on poverty would be considerably lower, inequality would not change …
Persistent link: https://www.econbiz.de/10010829493
error distributions. The application presented in this paper is the small area estimation of poverty and inequality …, although this denotes by no means the only application. Monte-Carlo simulations show that estimates of poverty and inequality …
Persistent link: https://www.econbiz.de/10010829511
This paper employs a simple cross-country panel framework to assess the determinants of growth in Ghana's gross domestic product over the past four decades. A set of standard covariates is used to explain growth rates. Natural resource variables are included because the effects of natural...
Persistent link: https://www.econbiz.de/10010829662
The literature on aid and growth has not found a convincing instrumental variable to identify the causal effects of aid. This paper exploits an instrumental variable based on the fact that since 1987, eligibility for aid from the International Development Association (IDA) has been based partly...
Persistent link: https://www.econbiz.de/10010829787
Indonesia experienced rapid growth and the expansion of the formal financial sector during the last quarter of the 20th century. Although this tendency was reversed by the shock of the financial crisis that spread throughout Asia in 1997 and 1998, macroeconomic stability has since then been...
Persistent link: https://www.econbiz.de/10005128441
dataset and methodological approach for evaluating the global poverty and inequality effects of policy reforms. It finds that … mild, but exhibit a strong regional pattern. Inequality is likely to fall in regions such as Latin America, which are … characterized by high initial inequality, and rise in regions like South Asia, characterized by low initial inequality. …
Persistent link: https://www.econbiz.de/10005128481
Empirical studies on new growth theory have tended to ignore financial policy's role in development. The author provides evidence that the initial level of financial development is positively associated with a country's later GDP growth rate, after controlling for the effect of the starting...
Persistent link: https://www.econbiz.de/10005128506