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China and the Geopolitics of Oil in the Asian Pacific Region

Bustelo, Pablo - EconWPA - 2005

China’s growing demand for oil is significantly changing the international geopolitics of energy, especially in the … East Asian economies (China, Japan and South Korea) is also a possibility. This document first of all presents an overview … of China’s energy sector, emphasising the strong growth in its energy demand to date and its potential for future growth …

Persistent link: https://www.econbiz.de/10005118931

Review of the Gas Access Regime

Commission, Productivity - EconWPA - 2004

The Commission was asked to review the National Third Party Access Regime for Natural Gas Pipelines. The review sought to assess the benefits and costs of the Regime, including its effects on investment. The Commission’s preliminary findings were released for public comment in December 2003...

Persistent link: https://www.econbiz.de/10005561783

The Anarchy of Numbers: Aid, Development, and Cross-country Empirics

Roodman, David - EconWPA - 2004

Recent literature contains many stories of how foreign aid affects economic growth. All the stories hinge on the statistical significance in cross-country regressions of a quadratic term involving aid. Among the stories are that aid raises growth (on average) 1) in countries where economic...

Persistent link: https://www.econbiz.de/10005407636

Inequality and Growth: Does Time Change Anything

Gobbin, Niko; Rayp, Glenn - EconWPA - 2004

The econometric analysis of economic growth has always been subject to major flaws and shortcomings. Data scarcity and reliability, parameter heterogeneity, omitted variables bias, endogeneity problems, ... have seriously tainted estimation results. In this paper we propose an alternative...

Persistent link: https://www.econbiz.de/10005407640

Intelligence, Human Capital, and Economic Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach

Jones, Garett; Schneider, W. Joel - EconWPA - 2005

Human capital plays an important role in the theory of economic growth, but it has been difficult to measure this abstract concept. We survey the psychological literature on cross-cultural IQ tests, and conclude that modern intelligence tests are well-suited for measuring an important form of a...

Persistent link: https://www.econbiz.de/10005407739

Mortality Rate and Property Rights in a Model with Human Capital and R&D

Sequeira, Tiago - EconWPA - 2004

We use a set of established growth models, which simultaneously include human capital and R&D, to show that the effect of mortality rate in human capital accumulation is quantitatively more important than the effect of perfectly guaranteed patents on research. First, we show that the effect of...

Persistent link: https://www.econbiz.de/10005407750

CRECIMIENTO, INSTITUCIONES Y CONVERGENCIA EN MEXICO CONSIDERANDO A LA FRONTERA NORTE

Diaz-Bautista, Alejandro; Celaya, Diana - EconWPA - 2004

El presente estudio se centra en uno de los problemas económicos regionales fundamentales de nuestra época: el desenvolvimiento económico de la convergencia y el crecimiento en las regiones considerando a las instituciones. El estudio se ocupa de revisar la literatura teórica del crecimiento...

Persistent link: https://www.econbiz.de/10005407867

An intuitive guide to wavelets for economists

Crowley, Patrick - EconWPA - 2005

Wavelet analysis, although used extensively in disciplines such as signal processing, engineering, medical sciences, physics and astronomy, has not yet fully entered the economics discipline. In this discussion paper, wavelet analysis is introduced in an intuitive manner, and the existing...

Persistent link: https://www.econbiz.de/10005407945

Model uncertainty in cross-country growth regressions

Fernandez, Carmen; Ley, Eduardo; Steel, Mark - EconWPA - 1999

We investigate the issue of model uncertainty in cross-country growth regressions using Bayesian Model Averaging (BMA). We find that the posterior probability is very spread among many models suggesting the superiority of BMA over choosing any single model. Out-of-sample predictive results...

Persistent link: https://www.econbiz.de/10005407952

Relative Centrality or Peripheriality and the Growth Effects of Relative Centrality or Peripheriality and the Growth Effects of Economic Integration within the European Union

Brodzicki, Tomasz - EconWPA - 2005

In the paper we construct two novel indices of relative centrality – peripheriality in order to test whether location has an impact on medium and long-run gains related to economic integration within the European Union. We utilize two popular econometric approaches – standard cross-...

Persistent link: https://www.econbiz.de/10005408029