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Addressing the Pandemic's Medium-Term Fallout in Australia and New Zealand
Bannister, Geoffrey J.; Finger, Harald; Kido, Yosuke; … - 2021
another important aspect of the pandemic: its fallout on medium-term potential output through scarring. Taking Australia and …
Persistent link: https://www.econbiz.de/10013250089
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When will New Zealand catch up with Australia?
Le, Trinh - East Asian Bureau of Economic Research (EABER) - 2008
New Zealands average income, defined as GDP per capita, is now three quarters that of Australia and even lower than in … Australias poorest state, Tasmania. Over the last seven years, New Zealand has grown slightly faster than Australia, but at these … rates, it would still take 140 years to close the trans-Tasman income gap. To catch up with Australia in five to 10 years …
Persistent link: https://www.econbiz.de/10009365494
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Natural disasters and macroeconomic performance
Strulik, Holger; Trimborn, Timo - 2016
Recent empirical research has shown that output and GDP per capita in the aftermath of natural disasters are not necessarily lower than before the event. In many cases, both are not significantly affected and, surprisingly, sometimes they are found to respond positively to natural disasters....
Persistent link: https://www.econbiz.de/10011534396
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Natural disasters and macroeconomic performance : the role of residential investment
Strulik, Holger; Trimborn, Timo - 2014 - First Version: March 2014. This Version: September 2014
Recent empirical research has shown that income per capita in the aftermath of natural disasters is not necessarily lower than before the event. In many cases, income is not significantly affected and surprisingly, can even respond positively to natural disasters. Here, we propose a simple...
Persistent link: https://www.econbiz.de/10010429129
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Natural disasters and macroeconomic performance : the role of residential investment
Strulik, Holger; Trimborn, Timo - 2014
Recent empirical research has shown that income per capita in the aftermath of natural disasters is not necessarily lower than before the event. Income remains in many cases not significantly affected or, perhaps even more surprisingly, it responds positively to natural disasters. Here, we...
Persistent link: https://www.econbiz.de/10010255055
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The neoclassical growth of China
Fernández-Villaverde, Jesús; Ohanian, Lee E.; Yao, Wen - 2023
This paper studies China's four-fold increase in per capita GDP relative to the U.S. between 1995 and 2019. First, we argue that China's growth pattern is very similar to that of several other East Asia economies that initially grew very quickly. Second, we show that a minimalist...
Persistent link: https://www.econbiz.de/10014293308
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Le bénéfice de la santé. Un apport des théories de la croissance endogène
Aghion, Philippe; Howitt, Peter; Murtin, Fabrice - In: Revue de l'OFCE n° 112 (2010) 1, pp. 87-108
This paper revisits the relationship between health and growth in light of modern endogenous growth theory. We propose a unified framework that encompasses the growth effects of both, the accumulation and the level of health. Based on cross-country regressions where we instrument for both...
Persistent link: https://www.econbiz.de/10008615377
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Life Expectancy, Labor Supply, and Long-Run Growth: Reconciling Theory and Evidence
Strulik, Holger; Werner, Katharina - Wirtschaftswissenschaftliche Fakultät, Leibniz … - 2012
We set up a three-period overlapping generation model in which young individuals allocate their time to schooling and work, healthy middle aged individuals allocate their time to leisure and work and their income to consumption and savings for retirement, and old age individuals live off their...
Persistent link: https://www.econbiz.de/10010769243
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Balance-constrained growth rates: generalizing Thirlwall’s law
Bajo-Rubio, Oscar - Asociación Española de Economía y Finanzas … - 2012
In this paper, we show how the concept of balance of payments-constrained growth rate developed by Thirlwall (1979) can be generalized as the growth rate constrained by the balance between any two economic variables. In particular, we derive two new concepts: the government balance-constrained...
Persistent link: https://www.econbiz.de/10010856698
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Federal Regulation and Aggregate Economic Growth
Dawson, John W.; Seater, John J. - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2010
We introduce a new time series measure of the extent of federal regulation in the U.S. and use it to investigate the relationship between federal regulation and macroeconomic performance. We find that regulation has statistically and economically significant effects on aggregate output and the...
Persistent link: https://www.econbiz.de/10011123982