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Employment growth, inflation and output growth: Was Phillips right? Evidence from a dynamic panel

Caporale, Guglielmo Maria; Škare, Marinko - 2011

In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in Phillips' tradition. For this purpose we apply FMOLS, DOLS, PMGE, MGE, DFE, and VECM methods to a nonstationary heterogeneous dynamic panel including annual data for 119...

Persistent link: https://www.econbiz.de/10010277380

Institutions and development : the interaction between trade regime and political system

Falkinger, Josef; Grossmann, Volker - 2004

This paper argues that openness to goods trade in combination with an unequal distribution of political power has been a major determinant of the comparatively slow development of resource- or land-abundant regions like South America and the Caribbean in the nineteenth century. We develop a...

Persistent link: https://www.econbiz.de/10010261261

Democracy and development : the devil in the details

Persson, Torsten; Tabellini, Guido - 2006

Does democracy promote economic development? This paper reviews recent attempts to address this question that exploited within-country variation. It shows that the answer is largely positive, but also depends on the details of democratic reforms. First, the sequence of economic vs political...

Persistent link: https://www.econbiz.de/10010261420

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

Do natural resources depress income per capita?

Arezki, Rabah; van der Ploeg, Frederick - 2010

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...

Persistent link: https://www.econbiz.de/10010270466

Natural resources: Curse or blessing?

van der Ploeg, Frederick - 2010

and bad growth prospects, and that these adverse effects are more severe in volatile countries with bad institutions and … a resource boom reinforces rent grabbing and civil conflict especially if institutions are bad, induces corruption …

Persistent link: https://www.econbiz.de/10010270490

When the state mirrors the family: The design of pension systems

Galasso, Vincenzo; Profeta, Paola - 2010

This paper studies the transmission mechanism from family culture to economic institutions, by analyzing the impact of …

Persistent link: https://www.econbiz.de/10010274843

Political versus economic institutions in the growth process

Flachaire, Emmanuel; García-Peénalosa, Cecilia; … - 2011

After a decade of research on the relationship between institutions and growth, scholars in this field seem to be … divided. Economic institutions perform well in growth regressions and a body of literature argues that this supports the key … importance of institutions for development. Other authors maintain that the type of constraints that the recent theoretical …

Persistent link: https://www.econbiz.de/10010274856

Determinants of human development: Capturing the role of institutions

Binder, Michael; Georgiadis, Georgios - 2011

' persistent characteristics, such as their institutions. Among our findings are that macroeconomic policies affect development …

Persistent link: https://www.econbiz.de/10010274921

Geography, institutions, and the making of comparative development

Auer, Raphael A. - 2012

the historical determinants of institutions with the sizeable direct impact of geographic endowments on development. …

Persistent link: https://www.econbiz.de/10010283609