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Aid and Growth. New Evidence Using an Excludable Instrument

Dreher, Axel - 2017

the overall sample. We also investigate the effect of aid on consumption, savings, and investments, and split the sample …

Persistent link: https://www.econbiz.de/10012970832

Anticipated Consumption and its Impact on Capital Accumulation and Growth : 'Forward-Looking' vs. 'Backward-Looking' Consumption Reference

Monteiro, Goncalo; Turnovsky, Stephen J. - 2021

It has long been argued that the anticipations of some future event will impact current consumption and well-being in … model, by assuming that in addition to his own current consumption, an agent’s current utility depends upon a reference … consumption level that is based on expected future consumption. Two alternative specifications of the anticipated future …

Persistent link: https://www.econbiz.de/10013315651

Credit Booms, Debt Overhang and Secular Stagnation

Illing, Gerhard - 2018

Why do advanced economies fall into prolonged periods of economic stagnation, particularly in the aftermath of credit booms? We present a model of persistent aggregate demand shortage based on strong liquidity preferences of households, in which we incorporate financial imperfections to study...

Persistent link: https://www.econbiz.de/10012927578

Austerity

Dellas, Harris - 2015

augmented to include incomplete information about credit risk. Austerity is defined as the shortfall of consumption from the … more favourable loan package; that it is associated with over-investment even when investment does not create collateral …

Persistent link: https://www.econbiz.de/10013030311

Resource Windfalls, Macroeconomic Stability and Growth : The Role of Political Institutions

Arezki, Rabah - 2011

We use a new dataset on non-resource GDP to examine the performance of commodity-exporting countries in terms of macroeconomic stability and economic growth in a panel of up to 129 countries during the period 1970-2007. Our main findings are threefold. First, we find that overall government...

Persistent link: https://www.econbiz.de/10013117356

The Volatility Curse : Revisiting the Paradox of Plenty

van der Ploeg, Rick - 2013

for initial income per capita, population growth, human capital, investment, openness and natural resource dependence …

Persistent link: https://www.econbiz.de/10012753136

Geopolitics, Aid and Growth

Dreher, Axel - 2013

We investigate the effects of short-term political motivations on the effectiveness of foreign aid. Donor countries' political motives might reduce the effectiveness of conditionality, channel aid to inferior projects or affect the way aid is spent in other ways, reduce the aid bureaucracy's...

Persistent link: https://www.econbiz.de/10013079379

On the Conditional Effects of IMF Program Participation on Output Growth

Binder, Michael - 2013

The empirical evidence currently available in the literature regarding the effects of a country's IMF program participation on its output growth is rather mixed. To shed new evidence on this issue, in this paper we specify a state- dependent panel data model accounting in particular for program...

Persistent link: https://www.econbiz.de/10013094324

Cyclical Fiscal Policy, Output Volatility, and Economic Growth

Badinger, Harald - 2021

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/10013316549

The Economics of Terrorism and Counter-Terrorism : A Survey (Part II)

Schneider, Friedrich - 2010

This survey provides an in-depth analysis of existing research on the economic analysis of terrorism and counter …-terrorist measures. First the existing evidence on the causes of terrorism is analyzed, then we consider the evidence of the consequences … of terrorism and we demonstrate why it is important to regarding of the issue of counter-terrorism policy. Moreover the …

Persistent link: https://www.econbiz.de/10013144782