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Will Ghana’s oil production from 2011 accelerate progress toward middle-income status, or will it retard gains in living standards through a possible "resource curse"? This paper examines the likelihood of "resource curse" effects, drawing on a dataset of 150 low and middle income...
Persistent link: https://www.econbiz.de/10009019601
This paper considers the impact of the nutritional status on the growth rate of real GDP per capita. In particular, a panel of 114 countries’ Dietary Energy Supply (DES) per capita from 1961 to 1999 is combined with the latest release of real GDP per capita data from the World Bank (World...
Persistent link: https://www.econbiz.de/10005553376
Default prior choices fixing Zellner's g are predominant in the Bayesian Model Averaging literature, but tend to concentrate posterior mass on a tiny set of models. The paper demonstrates this supermodel effect and proposes to address it by a hyper-g prior, whose data-dependent shrinkage adapts...
Persistent link: https://www.econbiz.de/10008559278
The 2008-09 global economic crises have shown that no country is immune to external challenges. When policy controls are missing or not used efficiently, crises can reverse progress even in advanced economies. This unexpected outcome has increased concerns about the ability of governments in...
Persistent link: https://www.econbiz.de/10010829327
implications for our understanding of inequality, poverty, inclusivity of growth and development, world economic welfare, and the …
Persistent link: https://www.econbiz.de/10010516605
Persistent link: https://www.econbiz.de/10011341757
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, and application and allocation of R&D subsidies, estimate it using Finnish R&D project level data and conduct a welfare … subsidies do not reach first best R&D but increase R&D 29-47% compared to laissez-faire. Welfare effects are small: Tax credits … increase welfare 1%; subsidies reduce welfare once application costs are taken into accout. In terms of fiscal cost, tax …
Persistent link: https://www.econbiz.de/10012814382
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