The topic of convergence is at the heart of a wide-ranging debate in the growth literature. Empirical studies of convergence differ widely in their theoretical backgrounds, empirical specifications and in their treatment of cross-sectional heterogeneity. Despite these differences, a rate of...

Most evidence for the resource curse comes from cross-country growth regressions suffers from a bias originating from the high and ever-evolving volatility in commodity prices. This paper addresses these issues by providing new cross-country empirical evidence for the effect of resources in...

Brunnschweiler and Bulte (2008) provide cross-country evidence that the resource curse is a 'red herring' once one corrects for endogeneity of resource exports and allows resource abundance affect growth. Their results show that resource exports are no longer significant while the value of...

La vulnérabilité économique est le risque pour un pays de voir son développement entravé par des chocs naturels ou externes (Guillaumont, 2008, 2009). L'intérêt porté à la vulnérabilité économique des pays en développement est devenu plus important depuis les années 1990. Cette...

Monitoring of structural change in Least Developed Countries (LDCs) requires examination of the changes in their structural economic vulnerability. This cannot be done by comparing the level of the Economic Vulnerability Index (EVI) that is calculated for each triennial review of the list of...

Das Statistische Bundesamt weist seit der großen Revision 2005 in den Volkswirtschaftlichen Gesamtrechnungen (VGR) die Entwicklung des realen Bruttoinlandsprodukts und seiner Komponenten auf Vorjahrespreisbasis aus. Durch Verkettung (»Chain-Linking«) werden die zunächst unvergleichbaren...

This paper examines Adam Smith’s concept of an Invisible Hand of the market in light of the underlying assumptions for the theory to hold. Furthermore, the study focuses on Total Factor Productivity as a measure of efficiency of resource allocation, employs growth accounting in Bulgaria...

Intensive growth, structural change and expanding informality has characterized many developing and emerging economies in recent decades. Yet most empirical investigations into the relationship between structural change and productivity growth overlook informality. This paper includes the...

Eine international vergleichbare Quantifizierung der wirtschaftlichen Effekte der Digitalisierung wird seit Jahren von einer Arbeitsgruppe der OECD entwickelt und abgestimmt. Eine Umsetzung dieses Ansatzes findet ihre Grenzen in den eingeschränkt verfügbaren Daten. Eine auf dem OECD-Vorschlag...

Most evidence for the resource curse comes from cross-country growth regressions suffers from a bias originating from the high and ever-evolving volatility in commodity prices. This paper addresses these issues by providing new cross-country empirical evidence for the effect of resources in...