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Global trends in numeracy 1820-1949 and its implications for long-run growth

Crayen, Dorothee; Baten, Jörg - 2008

This study is the first to explore long-run trends of numeracy for the 1820-1949 period in 165 countries, and its contribution to growth. Estimates of the long-run numeracy development of most countries in Asia, the Middle East, Africa, America, and Europe are presented, using age-heaping...

Persistent link: https://www.econbiz.de/10010264304

Cyclical fiscal policy, output volatility, and economic growth

Badinger, Harald - 2008

This paper provides a comprehensive empirical assessment of the relation between the cyclicality of fiscal policy, output volatility, and economic growth, using a large cross-section of 88 countries over the period 1960 to 2004. Identification of the effects of (endogenous) cyclical fiscal...

Persistent link: https://www.econbiz.de/10010264336

Too many cooks?: committees in monetary policy

Berger, Helge; Nitsch, Volker - 2008

How many people should decide about monetary policy? In this paper, we take an empirical perspective on this issue, analyzing the relationship between the number of monetary policy decision-makers and monetary policy outcomes. Using a new data set that characterizes Monetary Policy Committees...

Persistent link: https://www.econbiz.de/10010264342

Does membership in international organizations increase governments' credibility?: testing the effects of delegating powers

Dreher, Axel; Voigt, Stefan - 2008

international organizations. Credibility is an important asset because it determines the real interest rate and is expected to have … an important impact on investment and growth. It is hypothesized that the degree of delegation to international … for international delegation. On the basis of panel data for up to 136 countries and the time period from 1984 to 2004 …

Persistent link: https://www.econbiz.de/10010264350

Corruption, seigniorage and growth: theory and evidence

Blackburn, Keith; Neanidis, Kyriakos C.; Haque, M. Emranul - 2008

This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance transmission channel. At the theoretical level, we develop a simple dynamic general equilibrium model in which financial intermediaries make portfolio decisions on behalf of...

Persistent link: https://www.econbiz.de/10010264401

The (economic) effects of lay participation in courts: a cross-country analysis

Voigt, Stefan - 2008

Legal philosophers like Montesquieu, Hegel and Tocqueville have argued that lay participation in judicial decision-making would have benefits reaching far beyond the realm of the legal system narrowly understood. From an economic point of view, lay participation in judicial decision-making can...

Persistent link: https://www.econbiz.de/10010264411

The global joint distribution of income and health

Wu, Ximing; Savvides, Andreas; Stengos, Thanasis - 2008

We investigate the evolution of global welfare in two dimensions: income per capita and life expectancy. First, we estimate the marginal distributions of income and life expectancy separately. More importantly, in contrast to previous univariate approaches, we consider income and life expectancy...

Persistent link: https://www.econbiz.de/10010264413

On international equity weights and national decision making on climate change

Anthoff, David; Tol, Richard S. J. - 2008

Estimates of the marginal damage costs of carbon dioxide emissions require the aggregation of monetised impacts of climate change over people with different incomes and in different jurisdictions. Implicitly or explicitly, such estimates assume a social welfare function and hence a particular...

Persistent link: https://www.econbiz.de/10010264417

Economic growth and subjective well-being: reassessing the Easterlin paradox

Stevenson, Betsey; Wolfers, Justin - 2008

The Easterlin paradox" suggests that there is no link between a society's economic development and its average level of happiness. We re-assess this paradox analyzing multiple rich datasets spanning many decades. Using recent data on a broader array of countries, we establish a clear positive...

Persistent link: https://www.econbiz.de/10010264434

The marginal product of capital: a persistent international puzzle

Chirinko, Robert S.; Mallick, Debdulal - 2008

in measurement, the international MPK puzzle persists. We show that the measurement of MPKs in their framework is … eliminate the MPK differential remains a persistent international puzzle. We examine the quantitative importance of financial …

Persistent link: https://www.econbiz.de/10010264438